PayRange Includes Bright-shining Financing Light To Top Officer Team

August 26, 2015 Nemes Finance

Nute will supervise company operations as the start-up broadens into other segments beyond its initial market of vending devices.

Prior to PayRange, Nute was CFO of RVK Inc., an institutional financier with $1.3 trillion in properties under advisement. Prior to RVK, he held different functions at Monsoon Commerce including COO and CFO.

PayRange has established hardware and software to easily retrofit existing payment machines, such as vending machines, to accept mobile payments through an app. The business introduced in 2014 and has such early backers consisting of actor Jared Leto, former Google Payments head Osama Bedier and “Shark Tank” financier Barbara Corcoran.

Creator Paresh Patel has still held that PayRange would move beyond the vending machine market and into other areas where existing cash and credit card payment infrastructure is still dominant. Nute will assist the start-up scale into other sections such as laundry and amusement.

“We’re lucky to have Dave bring his operations, finance, and start-up experience to PayRange,” Patel stated in a written statement. “Having Dave sign up with represents another in a string of essential turning points for PayRange. Dave is a natural suitable for our group and we are really thrilled to have him onboard.”


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