PayRange – a provider of mobile payment options for the laundromat business, as well as for vending, amusement and other small-ticket merchants – recently was ranked 83rd on Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.
According to PayRange, the company, which is headquartered in Portland, Ore., grew 1,325 percent during the previous three-year period.
“The automated retail industry, characterized by small-ticket payments made traditionally with cash and coin, had been largely left behind by incumbent cashless payment providers,” explained PayRange CEO Paresh Patel. “Recognizing the opportunity and leveraging our industry experience, we invented mobile payment technology designed specifically for this market that not only brought touchless payments to these machines, but also elevated the overall experience.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge, and this year’s Technology Fast 500 list is proof-positive that technology – from software and digital media platforms to biotech – truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman of Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”