FinovateFall 2011 / PayNearMe
Presenter Profile:
How they describe themselves: Cash Transaction network.
How they describe their product/innovation: How consumers can easily and conveniently pay their rent and auto-loans with cash at their local store, such as 7-Eleven.
Contacts:
Bus. Dev.: Mike Kaplan, mike@paynearme.com, 908-902-0497
Press: Stephanie Gnibus, GMK Comm., stephanie@gmkcommunications.com, 408-776-9727
Sales: Dave Litwak, dave@paynearme.com, 817-421-9990
Website: www.paynearme.com
HQ Location: Mountain View, CA
Company Founded: 2009
Product Being Demoed: PayNearMe
Product Launched: September 15, 2010
- Key Executives
Danny Shader (CEO & Founder)
Key Stats
- Key Investors
True Ventures, Maveron, August Capital, Khosla Ventures
- Key Partnerships
Retail partnership with 7-Eleven featuring a real-time connection to the PoS infrastructure in all 6,300 company-owned and franchised stores over PayNearMe’s rails.
- Key Customers
Greyhound bus, Amazon.com, Ria Financial, Progreso Financiero, InfoSend Inc, Lexicon Marketing, LLC, RJM Acquisitions and Automotive Credit Corp. PayNearMe serves three constituencies: retailers who want the foot traffic and commissions generated by accepting PayNearMe payments; merchants (payees) who can significantly grow their addressable markets by accepting cash; and consumers who benefit from faster, more convenient, and often less expensive means of paying for remote transactions.