 | |
| Type | Subsidiary |
|---|---|
| Founded | 2010 |
| Founders |
|
| Defunct | 2015 |
| Fate | Acquired |
| Successor | PayPal |
| Headquarters | Auburndale, Massachusetts, |
| Parent | PayPal[1] |
| Website | www |
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
editIn 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
edit- ^ a b "PayPal to pay $280M for Apple Pay rival Paydiant". CNBC. Retrieved 2016-02-29.
- ^ Wauters, Robin. "Paydiant Throws Its Hat Into The Mobile Payments Ring, Raises $7.6 Million". TechCrunch. Retrieved 2016-02-29.
- ^ Lunden, Ingrid. "Paydiant Gets $12M More To Build Out Its White-Label Mobile Payments API". TechCrunch. Retrieved 2016-02-29.
- ^ "Sec form d". www.sec.gov. Retrieved 2016-02-29.
- ^ "Paydiant Closes $15M Funding". FinSMEs. 2013-09-10. Retrieved 2016-02-29.
- ^ "PayPal to Pay $280 Million for Paydiant to Help Retailers Compete With Apple Pay". Re/code. Retrieved 2016-02-29.
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