# PayNearMe

> PayNearMe runs PayXM, a payment experience management platform that lets non-commerce billers (lenders, iGaming operators, tolling agencies, property managers and credit unions) accept and disburse money across cash, cards, ACH, and every major mobile wallet from a single integration. Founded in 2009 in Santa Clara by serial entrepreneur Danny Shader, it started by digitizing cash at 7-Eleven and has grown into a platform processing payments for thousands of organizations including the State of California, Comcast and Santander.

- **Founded:** 2009
- **Headquarters:** Santa Clara, California, United States
- **Founders:** Danny Shader (Founder & CEO)
- **Team size:** ~230 employees
- **Products:** PayXM, Intelligent Virtual Agent (IVA), Cash at Retail, Disbursements
- **Notable:** Pioneered the Payment Experience Management (PXM) category, Crossed 10-year anniversary in 2019 with 5,000+ clients, Raised $50M Series E in September 2025 led by AVP

## Products & services

- **PayXM** — Payment Experience Management platform - the rebrand of PayNearMe's core product, launched alongside the 2025 Series E. Accepts and disburses across cards, ACH, PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay and cash at 62,000+ US retail locations.
- **Intelligent Virtual Agent (IVA)** — AI-powered agent rolled into PayXM that automates and personalizes inbound and outbound payment conversations across voice, text and chat.
- **Cash at Retail** — PayNearMe's original product - real-time cash acceptance at 7-Eleven, Family Dollar, CVS and other retail chains for customers paying loans, bills, tolls and rent.
- **Disbursements** — Push-to-card, ACH and digital-wallet payouts for lenders, iGaming operators and government agencies.

## Achievements

- Pioneered the Payment Experience Management (PXM) category
- Crossed 10-year anniversary in 2019 with 5,000+ clients
- Raised $50M Series E in September 2025 led by AVP
- Rebranded core platform to PayXM in 2025
- Rolled out AI-powered Intelligent Virtual Agent across voice, text and chat

## Latest updates

- **2025-09** — Closed $50M Series E led by AVP Growth Fund I and renamed platform to PayXM.
- **2025** — Launched AI-powered Intelligent Virtual Agent inside PayXM.
- **2025** — Announced record 2025 performance as demand for Payment Experience Management accelerated.

## Links

- Website: https://paynearme.com
- LinkedIn: https://www.linkedin.com/company/paynearme
- Twitter/X: https://twitter.com/PayNearMe
- YouTube: https://www.youtube.com/@PayNearMe
- Facebook: https://www.facebook.com/PayNearMe

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Profile page: https://yespress.io/paynearme
Published by YesPress — https://yespress.io
Last updated: 2026-05-23