PayRange Acquires KioSoft Technologies to Expand Cashless Payment Portfolio

Why It Matters

The deal accelerates PayRange’s move from pure software to a full‑stack solution, strengthening its competitive position in the rapidly consolidating unattended‑retail market.

Key Takeaways

• PayRange adds KioSoft's IoT payment tech
• Expands footprint into laundry, car wash, parking
• Enhances cross‑sell opportunities across unattended retail
• Consolidates fragmented cashless vending market
• Deal terms undisclosed, signaling strategic, not financial focus

Pulse Analysis

PayRange has built its reputation on a cloud‑native platform that enables merchants to accept card, mobile and QR code payments at unmanned locations. Historically focused on software integration, the company has partnered with hardware manufacturers but lacked a proprietary suite of IoT devices. By acquiring KioSoft, PayRange instantly inherits a catalog of rugged, network‑ready payment terminals that can be deployed in diverse environments, from laundromats to parking garages. This vertical expansion aligns with the broader industry shift toward seamless, cashless experiences in places where traditional point‑of‑sale infrastructure is impractical.

KioSoft’s technology stack combines secure payment processing with real‑time telemetry, allowing operators to monitor machine health, inventory levels and transaction data from a single dashboard. Its solutions are already embedded in thousands of machines worldwide, giving PayRange immediate access to an established customer base and a proven hardware roadmap. The integration of IoT sensors also opens avenues for predictive maintenance and dynamic pricing, capabilities that are increasingly demanded by operators seeking to maximize uptime and revenue.

Strategically, the acquisition reflects the consolidation trend in the unattended‑retail sector, where scale and data ownership are becoming decisive competitive advantages. PayRange can now offer a bundled hardware‑software package, reducing integration friction for new clients and creating cross‑selling opportunities across its existing merchant network. While the financial terms remain private, the move signals a clear intent to dominate the cashless, connected vending ecosystem and to capture a larger share of the projected $30 billion global market by 2030.

Deal Summary

Portland‑based PayRange announced the acquisition of KioSoft Technologies, a global cashless payment and IoT solutions provider. The deal, disclosed on Dec. 1, 2025, broadens PayRange's reach across unattended retail sectors such as laundry, car wash, and vending. Financial terms were not revealed.