LONDON – 21 APRIL, 2022 – Introduced in April 2017 with a imaginative and prescient to modify the best way that individuals set up their on a regular basis price range, UK-based FinTech Paysend as of late celebrates its 5 yr anniversary. Attaining this milestone, Paysend’s bills ecosystem is relied on by means of greater than 6.5 million customers for cash transfers to over 150 international locations globally in addition to a rising community of small and medium-sized companies who can obtain virtual bills from all primary debit and bank cards in as much as 38 currencies via Paysend’s trade platform.
Paysend’s adventure began with a staff of mavens from the banking and bills industries who become annoyed by means of the complicated, slow-moving and proscribing nature of the normal bills ecosystem and sought after to create a extra equitable and inclusive infrastructure that folks and companies may use for cash switch and bills.
5 12 months Anniversary
Paysend used to be the primary FinTech to introduce international card-to-card transfers and fix 12 billion playing cards issued by means of global fee techniques equivalent to Mastercard, Visa, China Union Pay and native playing cards schemes. From its beginnings in London, Paysend has pushed growth via Europe, North The usa, Latin The usa and Asia-Pacific, running nearly and thru workplaces in London, Miami and Singapore, and using over 600 folks.
In Might 2021, Paysend secured US$125 million in a Sequence B funding spherical led by means of One Top which valued the corporate at US$700+ million. This funding allowed Paysend to closely spend money on generation, innovation and folks to be able to extend its international bills community and building up monetary inclusion at scale.
Abdul Abdulkerimov, Founder and Chairman at Paysend, mentioned: “I’m so happy with what Paysend’s folks and management staff have completed since our inception in 2017. We’ve hit some primary milestones during the last 5 years via our Sequence B investment spherical, our buyer expansion trajectory and the third-party popularity that we’ve gained from the likes of Deloitte and Sifted for our expansion adventure. However that is just the start of the tale and there are thrilling instances forward as we glance to additional extend our ecosystem of bills and companions, in addition to rising our headcount and revenues, and set in movement our formidable plans within the B2B and Endeavor areas.”
ABOUT PAYSEND
Paysend is a subsequent era built-in international fee ecosystem, enabling customers and companies to pay and ship cash on-line anyplace, anyways and in any foreign money. Paysend is UK-based and has international succeed in having been created in April 2017 with the transparent venture to modify how cash is moved world wide. Paysend these days helps cross-network operability globally throughout Mastercard, Visa, China UnionPay and native ACH and fee schemes, offering over 40 fee strategies for on-line SMEs.
Paysend can ship cash to over 150 international locations international and has attracted greater than six million customers to its platform. As an international end-to-end fee platform, Paysend has its personal international community of banks and global and native fee techniques and has partnerships with the key global card networks Visa, Mastercard and China Union Pay as a fundamental member and authorized processor.
For additional data consult with https://paysend.com.
Touch:
Alan Duerden
Head of PR and Communications
+44(0)7841 028307
a.duerden@paysend.com
