PayNearMe raises $50M to transform non-commerce payments

By Vriti Gothi

PayNearMe, a financial technology company redefining the payment experience for non-commerce businesses, has raised  of a $50 million Series E funding round from AVP (Atlantic Vantage Point) through its Growth Fund I. The capital infusion will support PayNearMe’s expansion into new markets while fuelling further innovation in digital solutions designed to transform the end-to-end payments journey.

At the heart of PayNearMe’s strategy is its pioneering Payment Experience Management approach, which integrates advanced software with money movement services to optimise every interaction across customers, support functions, and operational teams. By enabling faster payments and lowering the total cost of acceptance, the platform empowers businesses to unlock stronger cash flow, enhance profitability, and deliver superior customer satisfaction.

Danny Shader, CEO of PayNearMe, said, “For too long, payments have been treated only as a cost of doing business. 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.”

Elizabeth de Saint-Aignan, General Partner and Head of Growth Fund, North America at AVP, said, “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. 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.”

As part of its continuous product evolution, the company has also announced the renaming of its flagship platform to PayXM™. Purpose-built to transform the end-to-end payment experience, PayXM™ unifies all major payment types and channels into a single, streamlined platform and integration. With this advancement, PayNearMe reinforces its commitment to setting new standards for efficiency, flexibility, and customer-centricity in the global payments ecosystem.