# PayRange: Information technology & services, Portland, United States

> PayRange: PayRange is a fintech company based in Portland, Oregon, founded in 2013 by Paresh Patel. Based in Portland, United States. Founded 2013.

Source: https://millionrounds.com/startup/payrange (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# PayRange

PayRange is a fintech company based in Portland, Oregon, founded in 2013 by Paresh Patel.

Funding reported Last round: Convertible note

Information technology & services Portland, United States

Company summary

- **Founded:** 2013 13 years old
- **Team:** 300 201 to 1,000 people
- **Funding reported:** $32M in dollars
- **Last round:** Convertible note Nov 2018

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for PayRange has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About PayRange

PayRange is a fintech company based in Portland, Oregon, founded in 2013 by Paresh Patel.

The company specializes in transforming unattended retail machines, such as vending and laundry devices, into cashless and connected commerce points through its end-to-end IoT platform and mobile payment ecosystem. PayRange enables operators to upgrade legacy machines to accept various payment methods, including credit cards, Apple Pay, and Google Pay, using a simple hardware plug-in. The core product, BluKey, connects to older machines to facilitate smartphone payments. PayRange also offers a mobile app that allows users to fund wallets, make payments, and access loyalty rewards. The company serves a wide range of industries, including vending, laundry, amusement, and transportation, and claims over 10 million users across 350 cities in the US and Canada. With a mission to propel automated machines into the digital age, PayRange is positioned as a leader in mobile payments for unattended retail.

## What company datasets say PayRange raised

Funding, as reported

Reported in all **$32M** in dollars

Rounds **6**

Last round **Convertible note**

Last round date **Nov 2018**

Investors listed **8**

SEC Form D **$3.1M sold, 3 filings, last Aug 2014**

## Founders and team

From PayRange's own website and the SEC filings it signed: 1 founder, 7 on the team.

**Paresh Patel** Founder & CEO *Named on its 2014 Form D*

- **Christoff Smit** Executive Vice President of Operations
- **Rakesh Kulangara** Executive Vice President of Engineering
- **Srinivas Annam** Executive Vice President of Technology
- **Charlie Lim** Chief Technology Officer
- **Kiernan White** Chief Operating Officer
- **Parker Baldwin** Chief Financial Officer
- **Stephanie Cordisco** Chief of Staff

On the board, as filed i *Osama Bedier*

## On 4 portfolio pages

Investors who name them

- [Nyca Partners](https://millionrounds.com/fund/nyca-partners)
- [Matrix Partners](https://millionrounds.com/fund/matrix-partners)
- [Forefront Venture Partners](https://millionrounds.com/fund/forefront-venture-partners)
- [Original Capital](https://millionrounds.com/fund/original-capital)

Each firm lists PayRange on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

mobile payments internet of things information technology & services financial services information technology payment enabled software m2m customer loyalty mobile payment technology software platform internet app payment mobile information & internet

Built with from their website

Amazon SES Google Tag Manager Tableau WordPress.org Salesforce CRM Analytics Atlassian DataTables Font Awesome QuickBooks Viewport Meta

+8 more

Google Play Endpoint Protection Site Kit Google Cloud BigQuery Amazon Simple Email Service Hubspot Azure Active Directory B2C Zendesk Chat

- **Sector:** Information technology & services
- **Industry code:** NAICS 513210, 334118, 541512, SIC 7372, 3571, 7371
- **Region:** Oregon
- **Revenue:** $6.9M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/payrange)

## Information technology & services in United States

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- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
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- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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