PaySend PLC

Founded in 2017 by CEO Ronnie Millar and based in London, UK, PaySend PLC operates as a developer of a mobile application that enables its users to send and request money to any bank accounts. In May 2021, PaySend PLC raised USD 125 million in Series B funding led by One Peak Partners, with participation from Hermes GPE and InfraVia Capital Partners. Plug and Play Ventures also participated in the round. The company has reached over 3.

7 million consumers, 17,000 SMEs, and 110 receiving countries since its founding. The company has active operations in 60 countries worldwide and has a network of over 110 receiving countries. PaySend Plc trades on the London Stock Exchange under the ticker symbol PAYS. Paysend is a next-generation integrated global payment ecosystem that enables consumers and businesses to pay and send money online anywhere.

The platform currently supports connections between 12 billion cards globally across Mastercard, Visa, China UnionPay, and local card schemes in multiple countries across the globe. Paysend has also launched a number of products like Paysend Global Transfers, Paysend Global Account, Paysend Link, and Paysend Business, all designed to connect customers and businesses around the world. PaySend PLC plans to use the funding raised in Series B to expand its international footprint, speed up product innovation and accelerate its growth trajectory. The company also plans to expand geographically to target the opportunity in cross-border payment flows.