2 years ago

Paysend Secures $65 Million to Expand Global Money Transfer Services

  • London-based fintech company Paysend has raised $65 million in a Series B funding round, bringing its total funding to $224 million

  • The round included participation from existing investors Infravia Growth Capital, One Peak, and Hermes GPE Innovation Fund, as well as a strategic investment from Mastercard

  • The company plans to use the funding to expand its global presence, particularly in the USA-Latin America transfer market, through a partnership with TelevisaUnivision.

      • ProblemFinancial Services

      "Sending money internationally is expensive and slow, especially for businesses and consumers who need to send money to multiple countries."

      Solution

      "Paysend offers a fast and affordable way to send money internationally, supporting payments across Mastercard, Visa, China UnionPay and local ACH payment schemes. They have a network of over 170 countries and have served over 6 million customers since their launch in 2017."

      Covered on