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'.
Funding (last 2 of 4 rounds)
Nov 2023
$65m
LATE VC
May 2021
$125m
SERIES B
Total funding: $223.5m
This company has top investors
Leadership
Abdul Abdulkerimov
(Co-Founder)Also a Founding Partner of Digital Space Ventures
Ronald Millar
(CEO & Co-Founder)Also co-founded PayWizard, a subscriber management software