Paydiant

Paydiant, Inc.
Company typeSubsidiary
Founded2010
Founder
  • Kevin Laracey
  • Chris Gardner
  • Joe Paratore
Headquarters275 Grove St, Auburndale, Massachusetts,
United States
ParentPayPal[1]
Websitewww.paydiant.com

Paydiant, Inc. is a PayPal-owned financial services company based in Auburndale, Massachusetts, which was incorporated in 2010. Paydiant provides cloud-based services for merchants, banks, and point-of-sale and ATM providers.

History

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 platforms for MCX. In 2015, PayPal acquired Paydiant in a $280 million deal.[1][6]

References

  1. ^ a b "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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