FinovateSpring 2013 / PayNearMe
Presenter Profile:
How they describe themselves: PayNearMe Inc. was founded in 2009 and is headquartered in Sunnyvale, CA. The company operates a cash transaction network that allows consumers to pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation. Consumers make cash payments at local stores in the United States, starting with 7,000 7-Eleven® and 1,600 ACE Cash Express® stores.
How they describe their product/innovation: Powered by PayNearMe is a white-label treasure services product that any financial institution can offer to their merchants to enable them to accept cash payments from consumers at thousands of 7-Eleven and ACE Cash Express stores nationwide.
Contacts:
Press: press@paynearme.com, 650-469-1301
Sales: sales@paynearme.com, 650-469-1321
Website: paynearme.com
Blog: blog.paynearme.com
Twitter: @paynearme
HQ Location: Sunnyvale, CA
Founded: May 2009
Product Demoed: Powered by PayNearMe
Product Launch: May 2013
- Key Executives
Danny Shader (CEO & Founder) founded PayNearMe and currently serves as Chief Executive Officer. Previously, he served as the CEO of Jasper Wireless. He joined Jasper Wireless from Motorola’s Good Technology Group where he was a Corporate Vice President following Motorola’s acquisition of Good Technology. Danny led Good Technology as its CEO from 2000 to 2007. Prior to Good, Mr. Shader served as a Vice President and General Manager at Amazon.com, which he joined following Amazon’s acquisition of Accept.com, the first internet-based person-to-person payment service, which Danny co-founded and led as Chief Executive Officer.
Key Stats
- Key Investors
August Capital, Khosla Ventures, Maveron, True Ventures