PayNearMe has secured $50 million in Series E funding, led by Atlantic Vantage Point. The investment will fuel the company’s expansion into new markets, strengthen its rebranded platform, PayXM, and accelerate strategic initiatives.

The fintech company has built a strong reputation for its work in Payment Experience Management. This concept optimises how payments are processed and managed across industries. With this funding, PayNearMe enhances its technology while boosting reach and establishing its role as a leading financial tech innovator. 

Evolution of Payment Experience Management

PayNearMe’s model combines software with money movement services to simplify and improve the entire payment journey. Its platform accelerates transactions, reduces acceptance costs, and boosts customer satisfaction.

With the fresh capital, PayNearMe will continue refining PayXM, which it describes as the industry’s first intentional solution for streamlining payments from end to end. The platform supports a wide range of payment methods and integrates with popular channels, making it versatile for businesses across sectors. The company sees its approach as a way to reframe payments as a strategic advantage.

Investor Confidence in Growth Strategy

Elizabeth de Saint-Aignan, general partner and head of growth fund North America at AVP, praised PayNearMe’s leadership in the payments space. She said the company has redefined what it means to deliver a modern payment experience and address challenges in an underserved sector.

She added that PayNearMe’s vision and ability to execute are transforming how non-commerce businesses manage payments. For AVP, the investment reflects confidence in the company’s market position and its potential for long-term growth.

CEO Sees Payments as Strategic Opportunity

PayNearMe CEO Danny Shader stressed that businesses view payments primarily as a cost of doing business, but the company sees them as an opportunity for competitive advantage.

“We see improving payments as a powerful opportunity to help businesses differentiate, drive customer satisfaction, and improve results,” Shader said. “AVP’s funding will allow us to deliver the benefits of Payment Experience Management to more clients and in new markets.”

Shader added that PayXM represents the next step in PayNearMe’s journey. They offer clients a smarter way to manage every aspect of payments. The company hopes to help businesses turn payments into a source of value by emphasising efficiency and integration.

With Series E funding secured, PayNearMe plans to boost its growth strategy and international footprint to continue pushing innovations in Payment Experience Management.