FinTech

Paystand: Raises $50MM Series C to Reboot Commercial Finance

Paystand: Raises $50MM Series C to Reboot Commercial Finance

  • Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology
  • Raised $50 million in a Series C round of funding led by NewView Capital
  • SoftBank’s Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital joined the round
  • Claims to break the traditional payment model by automating the entire cash lifecycle so businesses can unlock cashless
  • The company taps cloud technology and the Ethereum blockchain to power the Bank Network
  • Vision is to create an open financial infrastructure that delivers a self-driving money experience for businesses
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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