SOURCE: PayRange

PayRange

September 08, 2015 09:30 ET

PayRange Hires Anna Nguyen, Adds Yahoo!, YouTube and Google DNA to Its Executive Team

Armed With Top Talent and Recent Funding, Startup Scales to Bring Mobile Payments to Millions of Machines

SAN JOSE, CA--(Marketwired - September 08, 2015) - PayRange Inc., maker of the world's simplest mobile payments solution for machines, today announced that it has appointed Anna Nguyen as Chief Operating Officer. Hailing from Internet giants such as Yahoo!, YouTube, and Google, Ms. Nguyen arms the company with unparalleled operational experience in scaling technology platforms that become the de facto standard. She has guided numerous startups from infancy to successful exit.

Her hire comes as PayRange plans to aggressively scale to meet the growing demand for its digital payment solution as well as provide brands with an innovative avenue for marketing right at the moment of a consumer's intended purchase. PayRange also continues to expand its analytics offerings for machine operators.

"Securing Anna as COO is an amazing inflection point for the company," said Paresh Patel, PayRange founder and CEO. "She is a proven leader in execution and building teams designed to handle rapid growth. Anna has a devoted following that have already become PayRange devotees, and she's helped us secure top talent in key positions like Strategic Partnerships, Sales, Account Management, Sales Engineering, and Product Marketing. I am thrilled to be working with her as we strive to bring mobile payments to millions of machines."

Ms. Nguyen was an early employee at Align technology, the developer of Invisalign. After taking it through a game-changing IPO, she joined the sales operations team at Yahoo! where she handled execution for top tier accounts and worked on strategic projects. She then joined YouTube as the founding member of the operations team. As an early employee, she played a pivotal role in helping YouTube develop its successful monetization strategy to become the multibillion dollar company it is today. After leading YouTube through a successful acquisition by Google, she rolled out YouTube monetization operations to North America and Europe before settling in as Head of Media Revenue Operations for YouTube, Orkut, and the Google Content Network for Japan and Asia Pacific Countries.

Her track record of success continued at Mojiva Inc. and Mocean Mobile, a mobile ad network and mobile adserver respectively, as Senior Vice President of Operations. After streamlining operations, improving margins and revenue, Mocean was acquired by Pubmatic.

She later joined PlaceIQ as COO, a mobile data intelligence company that offers a robust platform of services that aggregate specific audiences based on location, time, and behavior. As an early employee, she built out the operational infrastructure, allowing the company to exceed revenue goals and become cash-flow positive in her first year.

"I was captivated by the PayRange opportunity," said Ms. Nguyen. "I found it fascinating that payment on machines is something that is stuck with 1960s technology, yet hundreds of millions of people interact with machines every day. Similar to my experience at Yahoo!, YouTube, and Google, PayRange is the essence of what I sought as I evaluated companies -- to work with a business that has the opportunity to fundamentally change how people do things every day."

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. Since launching earlier this year, the PayRange system can be found on machines in all 50 states and throughout Canada. The company is backed by industry luminaries at Matrix Partners and Nyca Partners, as well as several high profile individual investors.

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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