Fenwick & West LLP represented PayNearMe, Inc., the cash transaction network that enables consumers to pay rent, repay loans, buy tickets, make online purchases and much more with cash, in its recently announced $10 million investment. The transaction was led by August Capital, and included participation from existing investors Khosla Ventures, Maveron and True Ventures.
The company plans on utilizing the new funds to continue expanding the PayNearMe’s platform and further scaling the business. More information about PayNearMe’s $10M Investment can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Sayre Stevick; and corporate associates Faisal Rashid and Liza Kostinsyaya.