- Funding Success: London-based fintech Paysend secures $65 million in a recent funding round.
- Global Reach: Paysend, founded in April 2017, claims a global presence with access to 180 countries and over eight million registered customers.
- Strategic Investments: The funding round includes investments from Mastercard and TelevisaUnivision, along with participation from existing investors like Infravia Growth Capital, One Peak, and Hermes GPE Innovation Fund.
- Partnerships: Paysend is currently partnered with major international card networks such as Mastercard, Visa, and China UnionPay, as well as local ACH and payment schemes.
- Cross-Border Payments: Through a strategic partnership with Mastercard, Paysend aims to enhance its cross-border payments network, particularly for SMEs, via its Open Payments Network.
- Visionary Leadership: Paysend’s CEO, Ronnie Millar, sees the investment as a testament to the company’s vision to build the best-in-class cross-border solution for businesses and consumers, making money transfers simple for everyone.
- Previous Funding: This $65 million funding follows Paysend’s $125 million Series B round, led by One Peak, which was used to accelerate the expansion of its platform.
