Skip to content

Fintech: London’s Paysend Raises $65m In New Funding Spherical

Paysend, a London-based fintech firm specializing in worldwide cash transfers for each customers and companies, has introduced a considerable $65 million funding enhance in its newest spherical.

This spherical was backed by influential manufacturers, together with Mastercard and TelevisaUnivision, and sees continued assist from current traders equivalent to Infravia Progress Capital, One Peak, and Hermes GPE Innovation Fund.

A key facet of this new funding spherical is Paysend’s strategic partnership with Mastercard, aimed toward enhancing its cross-border funds community for small and medium-sized enterprises (SMEs) via its modern Open Funds Community.

Since its founding in April 2017, Paysend has quickly expanded its international footprint, providing entry to cash switch companies in 180 international locations.

The platform prides itself on its capability to allow customers to pay and ship cash on-line throughout the globe in any forex. Presently, Paysend boasts a sturdy base of over eight million registered prospects.

Paysend’s companies are bolstered by partnerships with main worldwide card networks, together with Mastercard, Visa, and China UnionPay, and are built-in with native ACH and fee schemes to make sure a seamless transaction expertise.

Ronnie Millar, co-founder and CEO of Paysend, expressed his enthusiasm concerning the newest funding, highlighting it as a testomony to the power of Paysend’s imaginative and prescient. Millar is dedicated to constructing a best-in-class cross-border resolution for each companies and customers, specializing in simplifying the method of cash transfers for everybody.

This current funding follows Paysend’s profitable $125 million Sequence B spherical, which was led by One Peak. The funds from that spherical have been instrumental in accelerating the enlargement of Paysend’s platform and companies, additional solidifying its place as a key participant within the international fintech and cash switch panorama.

continue reading