PayNearMe Acquires Marr Labs

PayNearMe, a financial technology company, has acquired Marr Labs, providers of agentic solutions to automate voice, messaging, and workflows in complex, regulated environments. Financial terms of the deal were not disclosed.

This move enables PayNearMe to bring agentic artificial intelligence automation to its clients.

"PayNearMe has always focused on understanding and continuously improving the entire payment journey. AI provides powerful opportunities to further improve the experience delivered by our PayXM platform" said Danny Shader, founder and CEO of PayNearMe, in a statement. "The Marr Labs team has proven its ability to build and deploy sophisticated AI systems at massive scale. Combining that expertise with PayNearMe's deep understanding of our clients needs and challenges makes this combination so exciting."

"We've spent years building AI that can work reliably at scale, and wanted to put that experience to work where it could have the greatest impact," said Dave Grannan, co-founder and CEO of Marr Labs, in a statement. "PayNearMe has built a trusted platform serving thousands of businesses and has a deep understanding of the payment problems they need to solve. Joining PayNearMe gives our team the opportunity to bring what we've learned to a much broader market and help shape the future of payments."

"Agents provide only one part of the equation," said Han Shu, co-founder and chief technology officer of Marr Labs, in a statement. "To take meaningful action, agents need access to the right data, business rules and workflows. And in payments, they have to operate reliably and within compliance requirements while maintaining natural conversational experience."