title: Paydiant
text: # Paydiant
  
  Paydiant, Inc. is a PayPal-owned financial services company based in Auburndale, Massachusetts, which was incorporated in 2010. Paydiant provides cloud-based services for merchants, banks, and point-of-sale and ATM providers.
  
  ## History
  
  In 2011, Paydiant raised $7.6 million funding from North Bridge Venture Partners and General Catalyst Partners.
  
  Paydiant received a funding of $12 million and $15 million in 2012 and 2013 respectively.
  
  Paydiant has provided mobile wallet platforms for MCX. In 2015, PayPal acquired Paydiant in a $280 million deal.
  
  