PayNearMe raises $10M, adds self-serve option to its cash payment network

“The Internet has fundamentally changed the way commerce is done — that is, for the 75 percent of the population with access to credit cards and checking accounts. For the remaining 25 percent, America’s un- and underbanked, cash is a way of life, meaning that ecommerce is not. August Capital partner Dave Hornik describes this as the ‘second class Internet.”