The Venture Codex

Led · Equity · Jun 2019

Founded in 2017 and headquartered in the UK, Paysend operates a global digital payments network that connects more than 25 billion endpoints and serves over 12 million customers. The platform supports cross-border transactions in more than 170 countries and has reported increasing payment volumes as it scales internationally. Paysend offers products for both consumers and enterprises and continues to expand its product suite. The company emphasizes development of proprietary technology to underpin its network and product roadmap. Recent funding from an existing investor is intended to accelerate geographic expansion and product launches. Claret Capital cited Paysend’s scalable infrastructure and execution against growth plans as reasons for the follow-on investment.