Paydiant - Wikiwand

US financial services company, Pay-Pal subsidiary

Founded2010 (2010)

Founders

Kevin Laracey
Chris Gardner
Joe Paratore

Defunct2015 (2015)

Paydiant, Inc.

Company type	Subsidiary
Founded	2010 (2010)
Founders	Kevin Laracey Chris Gardner Joe Paratore
Defunct	2015 (2015)
Fate	Acquired
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.

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 2 "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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