Paydiant

Last updated
Paydiant, Inc.
Company type Subsidiary
Founded2010 (2010)
Founders
  • Kevin Laracey
  • Chris Gardner
  • Joe Paratore
Defunct2015 (2015)
FateAcquired
Successor PayPal
Headquarters Auburndale, Massachusetts,
United States
Parent PayPal [1]
Website www.paydiant.com [ dead link ]

Paydiant was an American financial services company based in Auburndale, Massachusetts. It provided payment and wallet services for merchants, banks, point-of-sale, and ATM providers. The company was incorporated in 2010 and acquired by PayPal in 2015.

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. 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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