Hyderabad based payment solution provider,
Paynear Solutions has raised about R16.68 Cr ($2.5 Mn) in Pre-Series A
round of funding led by serial investor Mitesh Majithia.
The latest round is said to be a part its $10 Mn Series A funding plan.
Founded in 2013, Paynear Solutions is engaged in providing cashless payment services. It offers mobile point of sale solutions, payment gateway, mobile application and mobile payments services. It helps people accept card payments for their business and is aiming to build a service which helps merchants to engage and reward customers.
Its products Paynear ‘mPay’ is a mobile point of sale solution (mPOS) especially designed for merchants and businesses of all sizes and verticals, whereby merchants can start accepting credit/debit cards anywhere, anytime, through their Smartphones/Tablets and PC.
Another product Paynear ‘SPOT’ enables user to make recharges, bill payments and much more. On the other hand, agents can recharge their customer’s prepaid mobiles, DTH, data cards, pay postpaid mobile bills, pay insurance policies and various utility bills and much more.
Resource :http://www.dealcurry.com/20151210-Payment-Solution-Provider-Paynear-Receives-Funding.htm
The latest round is said to be a part its $10 Mn Series A funding plan.
Founded in 2013, Paynear Solutions is engaged in providing cashless payment services. It offers mobile point of sale solutions, payment gateway, mobile application and mobile payments services. It helps people accept card payments for their business and is aiming to build a service which helps merchants to engage and reward customers.
Its products Paynear ‘mPay’ is a mobile point of sale solution (mPOS) especially designed for merchants and businesses of all sizes and verticals, whereby merchants can start accepting credit/debit cards anywhere, anytime, through their Smartphones/Tablets and PC.
Another product Paynear ‘SPOT’ enables user to make recharges, bill payments and much more. On the other hand, agents can recharge their customer’s prepaid mobiles, DTH, data cards, pay postpaid mobile bills, pay insurance policies and various utility bills and much more.
Resource :http://www.dealcurry.com/20151210-Payment-Solution-Provider-Paynear-Receives-Funding.htm
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