U.S. Fintech Nayax Secures $60 million Through Latest Investment Round

Nayax, a U.S.-based fintech that is developing solutions for the machine industry, has reportedly secured $60 million through its latest investment round. The funding notably brings the company’s valuation to $400 million. Founded in 2005, Nayax revealed its cashless payments, telemetry, management, and BI solutions fits any machine from around the globe. The company noted it has more than 250,000 devices installed worldwide, operating in over 50 countries and 26 currencies.

“Nayax offers cashless and telemetry solutions including debit and credit cards, mobile, SMS, prepaid cards and NFC payment options. Point-of-sale options include swipe, contact or contactless card payment methods. Accepting virtually all forms of payment. No need to deal with banks, credit fees, telecom payments and more. Nayax works with leading global payment processors in order to provide the best cashless services at highly competitive rates.”

Nayax also noted that its management and BI suite allows for online machine management, real-time status reports and customized alerts for different machine events such as vend outs, low/high temperature.

“Advanced analytics tools provide actionable insights including the ability to forecast inventory issues based on historical data and compare products and costs while seeing growth in sales by location. Visit-to-visit reports enable smarter machine management without spending time and money on unnecessary trips.”

According to IBSintelligence, Nayax previously raised $30 million in total, with the latest one being a $24.5 million fund-raise in February 2018 led by SafeCharge International Group. 

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