PayNearMe Pulls Out $10M For Self-Service Cash Payments

Mountain View-based PayNearMe, which operates a network of locations where consumers can pay for goods or services remotely with cash, said Tuesday that it has raised $10M in a new funding round, and also launched its service, PayNearMe Express. The funding was led by August Capital, and also included Khosla Ventures, Maveron, and True Ventures. PayNearMe said it can remotely accept cash for goods and services, including payments for rent, collections, lending, and education. The firm said it has a network of over 8,600 local 7-Eleven and ACE Cash Express stores it is working with on its service. More information »