Paysend Raises $125M in Series B Funding


Paysend, a London, UK-based payments fintech company, raised $125m in Series B funding.

The round was led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing long-term investors including Silicon Valley based Plug and Play.

The company intends to use the funds to accelerate growth of the platform.

Led by CEO Ronnie Millar, Paysend is an integrated global payment ecosystem enabling consumers and businesses to pay and send money online anywhere, anyhow in any currency. The company has its own global network of banks, international and local payment systems, and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal member and certified processor. Paysend recently opened its US and Canada operations and secured a partnership with Alipay in order to grow its global presence.

The company supports connections between 12 billion cards globally across Mastercard, Visa, China UnionPay and local card schemes and provides over 40 payment methods for online SMEs. Paysend operates in over 60 countries worldwide and has attracted more than 3.7 million consumers and over 17,000 businesses to its platform.