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PayNearMe secures $50M to advance payment experience management

Tuesday, September 16, 2025 — 16:45:50 (UTC)

SANTA CLARA, Calif., Sept. 16, 2025 /PRNewswire/ -- Today, PayNearMe, a leading fintech transforming the payment experience for non-commerce businesses and their customers, announced a $50 million Series E investment from AVP (Atlantic Vantage Point) through its Growth Fund I. The investment will accelerate PayNearMe's expansion into new markets and fuel ongoing investment in products that simplify the end-to-end payment experience for its clients.

"PayNearMe has redefined what it means to deliver a modern payment experience. The company is uniquely positioned to solve challenges in a space long underserved and overlooked," said Elizabeth de Saint-Aignan, General Partner and Head of Growth Fund, North America at AVP. "PayNearMe's vision and proven execution are changing how non-commerce businesses approach payments, and we're excited to support them in this next stage of growth."

PayNearMe pioneered Payment Experience Management, a combination of software and money movement services that optimize every touchpoint in the payment journey across customers, support and operations. By accelerating payments and reducing the total cost of acceptance, PayNearMe helps its clients improve cash flow and profitability.

"For too long, payments have been treated only as a cost of doing business," said Danny Shader, CEO of PayNearMe. "We see improving payments as a powerful opportunity to help businesses differentiate, drive customer satisfaction, and improve business results. AVP's funding will allow us to deliver the benefits of Payment Experience Management to more clients and in new markets."

As part of its ongoing product evolution and continued investment in Payment Experience Management, PayNearMe has renamed its platform to PayXM™—the industry's first platform that is purpose-built to dramatically improve the end-to-end payment experience. PayXM enables businesses to manage the entire payment journey, for all major forms of payment and through the most popular channels, with a single platform and integration.

About AVP

AVP is an independent global investment platform dedicated to high-growth, tech (from deep-tech to tech-enabled) companies across Europe and North America. The firm manages more than €2.5 billion in assets across four strategies: venture, early growth, growth, and fund of funds. Its multi-stage platform combines global research with local execution to drive investment. Since its establishment in 2016, AVP has invested in more than 60 technology companies and in over 60 funds through its Fund of Funds strategy. Beyond providing capital, AVP's dedicated expansion team works closely with founders, offering expertise, connections and resources needed to unlock growth opportunities, and create lasting value through meaningful collaborations. More information at www.avpcap.com.

About PayNearMe

PayNearMe is redefining the way businesses and their customers experience payments. With PayXM™, the industry's first platform purpose-built for Payment Experience Management, every touchpoint in the payment journey becomes easy— driving customer satisfaction, accelerating payments, and reducing the total cost of acceptance. The platform supports all major payment types and channels, from PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards and ACH to cash at more than 62,000 U.S. retail locations.

Thousands of businesses across industries, including consumer lending, iGaming and online sports betting, property management, and tolling, rely on PayNearMe to manage the end-to-end payment experience with a single platform and integration.

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Source: Company press release.

Categories: Announcement