Paydiant, Inc. is a
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...
-owned financial services company based in
Auburndale, Massachusetts
Auburndale is one of the thirteen villages within the city of Newton in Middlesex County, Massachusetts, United States. It lies at the western end of Newton near the intersection of interstate highways 90 and 95. It is bisected by the Massachu ...
, which was incorporated in 2010. Paydiant provides cloud-based services for merchants, banks, and point-of-sale and ATM providers.
History
In 2011, Paydiant raised $7.6 million funding from North Bridge Venture Partners and General Catalyst Partners.
Paydiant received a funding of $12 million and $15 million in 2012 and 2013 respectively.
Paydiant has provided mobile wallet platforms for
MCX. In 2015, PayPal acquired Paydiant in a $280 million deal.
References
External links
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PayPal
Mobile payments
Electronic funds transfer
Financial services companies established in 2010
Online financial services companies of the United States
2015 mergers and acquisitions
Companies based in Middlesex County, Massachusetts
Newton, Massachusetts
2010 establishments in Massachusetts
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