FinovateFall 2010 / PayNearMe
Presenter Profile:
How they describe themselves: PayNearMe is an innovative payment system that offers the unbanked, underbanked and people who do not have a credit or debit card or who prefer to pay with cash the ability to safely and easily conduct remote transactions such as online shopping, money transfer, loan repayment, ticket purchases and more.
What they think makes them better: Since over one quarter of American households do not have a credit or debit card, PayNearMe can significantly increase our partners’ businesses. How? PayNearMe combines a retail load network with an innovative application development platform, the combination of which offers cash-oriented consumers a faster, more convenient, and often far less expensive way to pay for remote transactions than existing cash payment mechanisms. It also allows merchants (payees) to build new applications that would not be possible with existing payment systems.
Contacts:
Bus. Dev.: Mike Kaplan, mike@paynearme.com, 908-902-0497
Sales: Dave Litwak, dave@paynearme.com, 817-421-9990
Press: Stephanie Gnibus, GMK Comm., stephanie@gmkcommunications.com, 408-776-9727
Website: www.paynearme.com
HQ Location: Mountain View, CA
Company Founded: June 2009
Product Being Demoed: PayNearMe remote cash transactions
Product Launched: September 2010
Metrics: Money Raised: $6.3M, 16 employees
- Key Executives
Danny Shader (CEO & Founder)
Key Stats
- Key Board Members
Bill Campbell (Chairman, Intuit; Board Member, Apple), Jeff Jordan (CEO of OpenTable.com, former president of PayPal), Wences Casares (co-CEO of Bling Nation)
- Key Advisory Board Members
Bill Campbell (Chairman, Intuit; Board Member, Apple), Jeff Jordan (CEO of OpenTable.com, former president of PayPal), Wences Casares (co-CEO of Bling Nation)
- Key Investors
True Ventures, Maveron, Fenwick & West Investments, Endeavor Partners, Kapor Capital, Maples Investments Key Board Members: Jon Callaghan (True Ventures), Dan Levitan (Maveron), Danny Shader (CEO & Founder, PayNearMe)
- Key Customers
Amazon.com Gift Cards, Facebook, Progreso Financiero, MOL Access Portal (MOL), m-Via, Lexicon Marketing, LLC, Adknowledge’s Super Rewards, Money to Go and SteelSeries.