Maveron Backs PayNearMe With New Funding

Seattle-based investor Maveron Ventures is putting more cash behind PayNearMe, an operator of a network of locations where consumers can pay their bills--including for rent, consumer loans, education, and more--with cash. Mountain View-based PayNearMe said that it raised $10M in its latest round, which included investors August Capital, Khosla Ventures, Maveron, and True Ventures. Maveron has been an investor in PayNearMe for some time. PayNearMe's services are aimed at consumers who don't quality for credit cards, allowing them to pay cash at 7-Eleven and ACE Cash Express for services and goods. More information »