Nayax bags another investment from payment solution provider SafeCharge

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Cashless payment solutions provider Nayax has received a total of $24.5m from SafeCharge across two recent investments.

SafeCharge, which is a payments technology business, initially invested in to Nayax in December 2016 for an undisclosed amount. This investment comes as SafeCharge aims to expand within the offline market, and the cashless payments.

Maryland-based Nayax is a global cashless payments provider for unmanned machines including kiosks, vending machines, automated carwashes, prize machines and public toilets, among others. The company also provides clients with bookkeeping tools and management solutions for the unmanned machines.

This equity boost will support Nayax with its growth and international expansion plans, as well as fostering collaboration between the companies.

Nayax chief executive Yair Nechmad said, “We selected SafeCharge as our preferred card acquirer and strategic investor. Safecharge’s unparalleled conversion rate, service quality, superior analytics and fully transparent financial reporting are key for the optimised operation of our business.

“Our unique partnership has enabled us to accelerate our growth and we look forward to continuing to collaborate closely with Safecharge.”

Earlier in the week, online and mobile payments platform YapStone closed a $71m Series C round led by Premji Invest. The capital was raised to support the expansion of its product offering and its international footprint.

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