Today, PayNearMe has announced a $50 million Series E investment from AVP (Atlantic Vantage Point) through its Growth Fund I. The investment will accelerate PayNearMe's expansion into new markets and fuel ongoing investment in products that simplify the end-to-end payment experience for its clients.

PayNearMe is redefining the way businesses and their customers experience payments. With PayXM™, the industry's first platform purpose-built for Payment Experience Management, every touchpoint in the payment journey becomes easy- driving customer satisfaction, accelerating payments, and reducing the total cost of acceptance. The platform supports all major payment types and channels, from PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards and ACH to cash at more than 62,000 U.S. retail locations.