Paydiant
US financial services company, Pay-Pal subsidiary
From Wikipedia, the free encyclopedia
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.
 | |
| Company type | Subsidiary |
|---|---|
| Founded | 2010 |
| Founders |
|
| Defunct | 2015 |
| Fate | Acquired |
| Successor | PayPal |
| Headquarters | Auburndale, Massachusetts, |
| Parent | PayPal[1] |
| Website | www |
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]
