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UK fintech Paysend lands $65m in fresh funding round | Fintech InShorts: Latest fintech news, analysis by experts

UK fintech Paysend lands $65m in fresh funding round

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UK fintech Paysend lands $65m in fresh funding round

December 2, 2023

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.

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