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
