PayRange, a US-based payments services provider backed by internet company Google’s corporate venturing unit Google Ventures, raised $12m on Thursday in a series A round led by venture capital firm Matrix Partners.

The round also included Nyca Partners, the VC firm that backed PayRange’s $2.75m in August 2014 along with Google Ventures and angel investors Anil Aggarwal, Jonathan Weiner, Barbara Corcoran, Jared Leto and Phil Nadel.

PayRange has developed a dongle that can be fitted into vending machines, and which…