Paresh Patel is the Founder and CEO of PayRange, an IoT company transforming self-service retail through cashless payments and vertical-specific software. Inspired by his own frustrations with limited payment options and a lack of support for machine operators, Paresh built PayRange to facilitate the reinvention of industries such as vending, laundry, and entertainment. Today, that vision continues to grow, with more than 100 patent applications filed, a million machines enabled across the United States and Canada, and a billion transactions processed since the company’s founding in 2013.

A serial entrepreneur, Paresh has built his career around identifying overlooked challenges and turning them into practical, high-impact solutions. It’s a philosophy that has long driven Paresh’s dedication to serving the consumer by improving machines, optimizing placement, expanding product options, and challenging the status quo. That mission has expanded through PayRange to include helping operators increase profitability and helping entrepreneurs scale their enterprises.

Recognized as EY Regional Entrepreneur of the Year, Mountain West Region in 2022, Paresh has also been featured on platforms such as Automatic Merchandiser Magazine, Vending Times, and Authority Magazine. Despite these accolades, his focus remains on equipping operators with the innovative technology they need to advance the future of self-service commerce.