Paydiant

Paydiant Inc
Private
Founded 2010
Founder
  • Kevin Laracey
  • Chris Gardner
  • Joe Paratore
Headquarters 275 Grove St, Auburndale, Massachusetts, United States
Parent PayPal [1]
Website paydiant.com

Paydiant is a cloud-based financial services company owned by Paypal. It provides solutions for merchants and banks, as well as for resellers and distributors, and point-of-sale and ATM providers. The company was incorporated in 2010 and is based in Auburndale, Massachusetts.

In 2011, Paydiant raised $7.6 million funding from North Bridge Venture Partners and General Catalyst Partners.[2] Paydiant received a funding of $12 million and $15 million in 2012 and 2013 respectively.[3][4][5]

Paydiant has provided mobile wallet platform for MCX whose members include many of the world's largest retailers including Walmart, Target, Sears, Wendy's, Exxon, CVS and many others.

In 2015, PayPal acquired Paydiant with a $280 million deal.[1][6]

References

  1. 1 2 "PayPal to pay $280M for Apple Pay rival Paydiant". CNBC. Retrieved 2016-02-29.
  2. ↑ Wauters, Robin. "Paydiant Throws Its Hat Into The Mobile Payments Ring, Raises $7.6 Million". TechCrunch. Retrieved 2016-02-29.
  3. ↑ Lunden, Ingrid. "Paydiant Gets $12M More To Build Out Its White-Label Mobile Payments API". TechCrunch. Retrieved 2016-02-29.
  4. ↑ "Sec form d". www.sec.gov. Retrieved 2016-02-29.
  5. ↑ "Paydiant Closes $15M Funding". FinSMEs. 2013-09-10. Retrieved 2016-02-29.
  6. ↑ "PayPal to Pay $280 Million for Paydiant to Help Retailers Compete With Apple Pay". Re/code. Retrieved 2016-02-29.


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