P
PayRange
World's simplest mobile payment system for machines
About PayRange
PayRange, founded in 2013 by Paresh Patel, is a mobile payment company that simplifies transactions for self-service retail. The company's system is designed for ease of use, allowing consumers to pay for a variety of machines, including vending machines, laundry machines, and parking meters, directly from their smartphones. The technology involves a low-cost hardware device that machine operators can install in their equipment, which then communicates with the user's phone via Bluetooth.
Read full description
PayRange's business model is centered around providing a seamless payment experience for consumers while offering a comprehensive solution for machine operators. The company generates revenue through transaction fees, which are charged to the machine operators. This model has proven to be successful, as evidenced by the company's significant funding and widespread adoption. PayRange serves a broad market, including vending machine operators, laundromat owners, and municipalities. By offering a convenient and cashless payment option, the company has positioned itself as a key player in the modernization of the self-service retail industry.
At a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Portland, United States
- Employees
- 152
- Open positions
- 2
- Dealroom signal
- 93.9/100
- Industry
- Fintech
- Sub-industry
- Payments
- Sector
- Fintech, System Engineering, Machine
- Technology
- IoT InternetOfThings
- Client focus
- b2b
- Investment activity
- 3 companies, latest Dec 2025
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning PayRange.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Sep 2024 | $0 | — | The Baupost Group · Ridgeview Partners | ↗ |
| CONVERTIBLEEquity / VC | Nov 2018 | $7M | — | Undisclosed | — |
Growth signals
Latest recorded traffic for PayRange is 350K monthly website visits, up 59.1% over the last three months. PayRange's team grew 237.8% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 In Time LinkPay with your smartphone at vending machines |
Rome, Italy | Closed | 1 | $198K | $792K |
 Plati BrzoA hybrid payment system that enables consumers to make regular payments to providers of products and services |
Skopje, North Macedonia | Operational | |||
 EPayEPay is the leading payment system in Scandinavia |
Odense, Denmark | Operational | |||
 KobocoinA micropayment system and digital currency similar to Bitcoin |
United Kingdom | Operational | |||
 PlatiusThe developer of the loyalty and mobile payment system of the same name |
Moscow, Russia | Acquired | |||
 CyberplatIntegrated broad-based multibank Internet payment system |
Zurich, Switzerland | Acquired | |||
 YourCash EuropeProviders of secure ATM cash machines for business |
United Kingdom | Acquired | |||
 Financial Software & SystemsA leading global payment systems company offering business value in the areas of electronic payment |
India | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
KioSoft TechnologiesBoynton Beach, United StatesVertically integrated solutions for unattended, self-service payments
→
TurnsNoida, IndiaLaundromats and cleaners
$2Mvaluation
VagabondUnited StatesPayment solutions enhancing consumer engagement and business operations in campus and workplace communities
$2.4Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Philip Nadel
Osama Bedier
Max Levchin
Matrix Partners
Nyca Partners
The Baupost Group
Ridgeview Partners
Other known investors2 additional known investors
Eastward Capital Partners
GV
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PayRange on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See PayRange’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.