The Baupost Group and Ridgeview Partners to invest in PayRange.

Private equity firms The Baupost Group and Ridgeview Partners agreed to invest in PayRange, a provider of IOT software and payment solutions for unattended retail. Financial terms were not disclosed. "We've grown PayRange into a leader in unattended retail with an end-to-end suite of products used by over 10k customers and are excited to accelerate our strong momentum with capital, operational, and strategic support from Ridgeview Partners. Ridgeview's investment is a testament to what we've built and will enable us to drive continued innovation to better serve our customers as we enter this new phase of growth," Paresh Patel, PayRange Founder and CEO.