David Nute Joins PayRange As Vice President Of Finance And Operations

Aug. 12, 2015

PORTLAND, OR (August 11, 2015) – PayRange Inc. has appointed David Nute as Vice President of Operations and Finance. Nute, a tech startup veteran, joins PayRange as the company experiences rapid growth following the recent closing of a Series A funding round. PayRange is the world’s simplest payment solution for machines and is poised to revolutionize the mobile payment experience for consumers.

Nute was most recently the CFO of RVK, Inc., an institutional investment firm with $1.3 trillion in assets under advisement. Prior to that Dave was the COO, CFO and EVP of Corporate Development at Portland’s Monsoon Commerce, Inc. Nute brings a wealth of experience building operating infrastructure in high-transaction environments. At PayRange, Nute will leverage his experience to build a scalable company as it expands into multiple segments including vending, laundry, amusement, and micro-marts.

“We’re fortunate to have Dave bring his operations, finance, and start-up experience to PayRange,” said Paresh Patel, PayRange CEO. “Having Dave join represents another in a string of important milestones for PayRange. Dave is a natural fit for our team and we are very excited to have him onboard.”

The PayRange mobile app, available for both iOS and Android devices, allows consumers to purchase products from unattended retail sites securely, entirely via mobile device via Bluetooth technology.

About PayRange:

PayRange was founded in 2013 by Paresh Patel to provide operators and consumers with the simplest, most accessible mobile payment solution possible. The company is distributing its BluKey™ device to operators in the US and Canada. Consumers can download the free mobile app from either the Apple App Store for iPhone users or the Google Play Store for Android users. The PayRange app enables consumers to make their transactions at unattended points of sale —vending machines, amusement devices, laundry and more — quicker and easier. And with flexible funding options including all major credit and debit cards plus the ability to add funds via Apple Pay, consumers are empowered to make mobile payments a reality. Find out more at www.payrange.com.


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March 18, 2014
World’s leading payment network for coin-op machines. PayRange provides the simplest, most accessible mobile payment and rewards service for vending, laundry, amusement, and more...