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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