Cash-Based Payments Network PayNearMe Raises $20M Series E, Expands Via Family Dollar Partnership

TechCrunch

Cash-based payments platform PayNearMe, which allows consumers to pay their rent, utility bills and loans, buy tickets online and more, is today expanding its footprint significantly in the U.S., thanks to a partnership with Family Dollar. The deal will allow consumers to use the service in the over 8,000 Family Dollar stores in 40 states, which brings PayNearMe’s total number of payment locations to 17,000, including their previous deals with 7-Eleven and ACE Cash Express.

Additionally, the company has raised $20 million in new investment, led by GSV Capital. Also participating in the round were previous investors, August Capital, Maveron, True Ventures, and Khosla Ventures.

Founded in 2009, and know as “Kwedit” up until its name change in fall 2010, PayNearMe is focused on serving the quarter of the country who prefers to or needs to pay with cash.

“Nobody has really innovated on their behalf in 20…

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