Paysend closes USD 20 mln funding round

Wednesday 4 July 2018 11:00 CET | News

Payments company Paysend has closed a USD 20 million funding round, led by investment company MARCorp Financial, with the support of existing investors.

The investment will be used to expand Paysend’s customer base and to invest in its global expansion plans.

Paysend has recently announced a three-fold increase in its customer base over the past six months. It currently offers three services: Global Transfers, Global Account and Global Processing.

The company believes in the future success of Global Transfers. Its card-to-card money transfer service connects over 12 billion cards through its proprietary technology platform.

The Global Account offers a smart card that customers to choose over the currency they want to spend, and their Global Processing unit maximises revenue for merchants through data.

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Keywords: Paysend, funding round, payments, MARCorp Financial
Countries: World