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You are at:Home » Paystand Payment Volume Records $2B Milestone
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Paystand Payment Volume Records $2B Milestone

AB News DeskBy AB News DeskAugust 17, 2021Updated:August 17, 2021No Comments2 Mins Read
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Paystand Payment Volume Records $2B Milestone - AlexaBlockchain
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Quicktake

  • Paystand becomes the fastest B2B payment firm to reach US$2 billion milestone.
  • Paystand features in Inc. 5000 list for the second straight year.
  • The total number of payers on Its payment network surpasses 250,000.

Blockchain based B2B payment firm Paystand reaches a new milestone of processing total payment of over US$2 billion.

Paystand now becomes the fastest B2B payment firm to reach US$2 billion milestone. The achievement comes amidst the larger fintech movement toward an open financial infrastructure.

Last month, Paystand secured US$50 million in a Series C Funding round led by NewView Capital. This brings the company’s total funding to US$85 million.

Paystand features in Inc. 5000 list for the second straight year as the total number of payers on Its payment network surpasses 250,000.

Paystand entered into a partnership with cloud business management solutions provider, Sage, to bring AR automation and a self-driving money experience to all Sage Intacct customers.

“With the launch of Payer Incentives, Paystand introduces the first-ever built-in incentive technology to help move businesses off punitive card networks altogether,” states Paystand.

Paystand leverages blockchain technology to automate the entire cash cycle for mid-market and enterprise customers, making B2B payments cashless, feeless, and frictionless.

Blockchain has the ability to transform every aspect of how we do business,” stated Paystand’s co-founder and CEO Jeremy Almond. “We’re excited to make that transformation a reality in the realm of B2B payments.”

Paystand
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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