London-based fintech Paysend, has secured $65 million in a new funding round.
In brief:
- Paysend enables international money transfers for consumers and businesses and have a global reach with access to 180 countries.
- They are currently partnered with major international card networks including Mastercard, Visa and China UnionPay, as well as local ACH and payment schemes.
- Paysend’s latest funding follows on from its $125 million Series B round, which was led by One Peak and the funds were used towards accelerating the expansion of its platform.
What does this mean?
Commenting on the fundraise, Ronnie Millar, co-founder and CEO of Paysend, describes the investment as “a testament to the strength of Paysend’s vision”, which he says is to build “the best-in-class cross-borders solution for businesses and consumers” while also making money transfers “simple for everyone”.
