PayNearMe’s latest figures show strong growth across its PayXM platform, while new partnerships in auto finance and iGaming underline the company’s increasing exposure to fast‑moving, compliance‑heavy markets.
PayNearMe has reported record financial results for 2025, but the company’s latest update also highlights its growing reliance on iGaming and high‑risk lending, two sectors which continue to drive volume for the fintech while facing heightened regulatory scrutiny.
The Santa Clara‑based firm said on February 11 tjay revenue exceeded $200m last year, up 60% on 2024, with more than $50bn now moving annually through its PayXM platform. PayNearMe also expanded its client base to 20,000 businesses and opened a new office in Dallas to support its US footprint.
Much of the company’s momentum came from lending, auto finance and iGaming, where PayNearMe added new clients and deepened integrations with existing partners. New relationships with Emotive Software, Solera DealerSocket iDMS and Shaw Systems strengthened its position in auto lending and servicing, while continued recognition at iGaming industry awards underscored its presence in the online betting market.
These verticals have historically delivered high transaction volumes for PayNearMe, but they also operate in environments shaped by shifting state‑level rules, evolving KYC expectations and fluctuating consumer behaviour.
$50m investment backs Payment Experience Management strategy
The company said its 2025 performance was supported by a $50m investment aimed at accelerating development of its Payment Experience Management strategy. As part of that push, PayNearMe rebranded its platform to PayXM and introduced new capabilities focused on routing resilience, agent efficiency and automated servicing.
Enhancements included expanded ACH redundancy through Smart Switch, new agent workflow tools, and the announcement of an Intelligent Virtual Agent designed to automate inbound payments and account interactions.
PayNearMe also continued to broaden its partner ecosystem, adding integrations intended to embed PayXM more deeply into loan management systems and dealer workflows. The company also cited increased adoption across credit unions and tolling authorities, though it did not provide a breakdown of revenue or payment volume by sector.
Founder and CEO Danny Shader described 2025 as a “defining year” for the company, pointing to rising demand for improved payment experiences across non‑commerce businesses. PayNearMe said it enters 2026 with strong momentum, supported by client growth, platform enhancements and expanding partnerships.
