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Paysend
Global money transfer service
- 201-500 employees
- Fintech
- B2C
- B2B
- Payments
- Foreign exchange
- Financial Services
- Covent Garden, London, UK
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Company mission
To develop the next generation of integrated global payment ecosystem to save time, save money and serve millions all around the world.
Our take
Paysend is a new way to hold, spend and send money in multiple currencies using a mobile app and a card. The company lets you top up and hold money in numerous currencies (including cryptocurrencies), and charges small amounts for international transfers.
Users can send and receive money via Visa, Mastercard, and UnionPay in China. Its processes differ from most providers because it doesn’t require banks to be a part of transactions. On the other hand, PaySend isn’t alone in this space: Azimo, Remitly, Xoom, and other providers charge low fixed fees as well. But what Paysend has done to stand out is to expand its suite of product offerings and now offers products such as P2P and B2B products amongst others.
PaySend makes money by charging fixed fees on money transfers and marking up exchange rates. Having experienced significant growth in the last few years, the company is now a major player in its market and across several continents. It has already won awards from the likes of Mastercard and PayTech, and continues to gain users. The challenge is going to be to stay ahead in a market where where it already shares centre stage with big names like Transferwise. Having said that, international payments remains a big industry, with room for multiple winners.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working hours - We trust you to do your job well, at times that suit you and your team.
- Learning - Earn access to Udemy and experience regular knowledge-sharing sessions with your teams.
- Community - Regular company-wide events help us stay connected but we are exploring more social and community driven events in 2022!
- Working from home - We are a remote first company and we make sure you get the equipment you need to do your job well.
- Culture Exchanges - 30+ countries represented, we celebrate moments that matter with our colleagues'.
Company values
- We operate as OWNERS
- We work with INTEGRITY
- We are ACHIEVERS
- We strive for EXCELLENCE
- We Drive DISRUPTION
- We embrace MOMENTUM
- We DELIGHT our customers
Funding (last 2 of 4 rounds)
Nov 2023
$65m
LATE VC
May 2021
$125m
SERIES B
Total funding: $223.6m
This company has top investors
Leadership
Abdul Abdulkerimov
(Chairman)Also a Founding Partner of Digital Space Ventures
Ronald Millar
(CEO)Also co-founded PayWizard, a subscriber management software
Diversity, Equity & Inclusion at Paysend
- As we’re creating money for the future and connecting millions all around the world, diversity plays an important role. Having diverse teams help us to be more creative and innovative. We embrace and promote the differences to support innovation and decision making to build better products and to delight our customers
- We’re committed to building an open-minded work environment, where people can express different points of views, feel respected and empowered to discover their full potential, grow and contribute towards our vision and mission
- What does DEI mean at Paysend:
- Diversity: As we’re creating money for the future and connecting millions all around the world, diversity plays an important role. Having diverse teams help us to be more creative and innovative. We embrace, promote, and celebrate our differences which allows us to support innovation and decision making to build better products and to delight our customers
- Equity: We’re committed to creating opportunities for every Paysender and supporting everyone’s individual paths to grow and succeed in the company
- Inclusion: We’re committed to building an open-minded work environment, where people can express different points of views, feel respected and empowered to discover their full potential, grow and contribute towards our vision and mission
- Our actions:
- DEI and Unconscious Bias Trainings
- Rolling out trainings for every Paysender involved in recruitment helps keep DEI values at heart throughout the hiring process and reduce unconscious bias
- DEI working group
- We’ve started a group lead by Paysenders who help us creating and leading initiatives across all of Paysend
- Remote and flexible working
- Our policy on remote and flexible helps us to stay inclusive and allows Paysenders to manage their work life balance and commitments
Articles
Endorsements
All
Challenging work (1)
Autonomy (1)
Growing fast (1)
The projects I've worked on here have been the most challenging in my career. Building a strong culture in a remote organisation is really interesting and rewarding.
People, HR, Recruitment
Challenging work
Jan 2022
We all know what we need to do and we are trusted to do it. Support is always there if you need it but no one is micromanaged.
People, HR, Recruitment
Autonomy
Jan 2022
The company has doubled in size every year, which means there are always new opportunities to explore.
People, HR, Recruitment
Growing fast
Jan 2022
