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.”
