Paystand Raises $50 Million in Series C Founding Round

Paystand, a blockchain-enabled payment company for business, recently announced that it has raised $50 million in a Series C funding round. The latest investment round was led by NewView Capital, with participation from SoftBank’s Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital.

Wanna Know How to Reach Our Audience of Millions at Fazzaco?​

Launched in 2013, Paystand has become the category-defining company for the next-gen financial system. To date, more than 250,000 companies make payments through the Paystand blockchain-based network, resulting in over $2B in payment volume.

Paystand is planning to use the latest funds to invest in redefining B2B payments to accelerate the shift to a more business-centric payment infrastructure. This new round nearly doubles the funding Paystand raised in prior rounds and reflects the company’s triple-digit growth as it leads the movement for an open commercial finance system.

Paystand co-founder and CEO Jeremy Almond commented:”With this new funding, Paystand is uniquely positioned to bring the benefits of blockchain to commercial payments so businesses can be more agile and competitive in the post-pandemic landscape. Our vision is to create an open financial infrastructure that delivers a self-driving money experience for businesses and provides radically better economics for the industry overall."