PaySend PLC
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PaySend PLC - overview
Established
2017
Location
London, -, UK
Primary Industry
Financial Services
About
Founded in 2017, based in London, UK, founded by Abdul Abdulkerimov and Ronnie Millar. PaySend PLC operates as a developer of a mobile application that enables its users to send and request money to any bank accounts. The company serves millions of consumers and thousands of SMEs globally. it has active operations in 60 countries worldwide and has a network of over 110 receiving countries.
In March 2026, PaySend PLC raised USD 25 million in growth capital funding from Claret Capital Partners to support continued international expansion and the scaling of its global cross‑border payments infrastructure. 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 growth capital funding to support the expansion of its platform and products.
Current Investors
MARCorp Financial, Plug and Play, Seedrs Limited
Primary Industry
Financial Services
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software
Website
www.paysend.com/
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
PaySend PLC - timeline of key events
PaySend PLC - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 3,370,857.657 | 947,004.808 | 1,234,184.271 | 1,402,074.499 | 867,729.649 | 352,015.586 | 242,836.655 | 592,248.109 | 5,396,172.107 | 29,048,000 | 53,825,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | (71.9%) | 30.3% | 13.6% | (38.1%) | (59.4%) | (31.0%) | 143.9% | 811.1% | 438.3% | 85.3% | - | - | - |
| EBITDA (USD) | - | 496,953.881 | 81,606.044 | 137,238.507 | 233,684.025 | (40,551.786) | (23,191.8) | (680,350.951) | (926,973.244) | (3,230,040.061) | 743,000 | 2,601,000 | - | - | - |
| Operating Income (USD) | - | 85,313.806 | 81,606.044 | 137,238.507 | 233,684.025 | (40,551.786) | (23,191.8) | (694,556.99) | (988,830.286) | (3,295,177.286) | 674,000 | 2,545,000 | - | - | - |
| Operating Margin | - | 2.5% | 8.6% | 11.1% | 16.7% | (4.7%) | (6.6%) | (286.0%) | (167.0%) | (61.1%) | 2.3% | 4.7% | - | - | - |
| % EBITDA Margin | - | 14.7% | 8.6% | 11.1% | 16.7% | (4.7%) | (6.6%) | (280.2%) | (156.5%) | (59.9%) | 2.6% | 4.8% | - | - | - |
| NET Income (USD) | - | 80,684.996 | 73,088.177 | 137,484.165 | 234,458.282 | (39,309.141) | (31,643.784) | (699,471.491) | (988,559.294) | (3,283,682.482) | 679,000 | 2,545,000 | - | - | - |
| % Net Margin | - | 2.4% | 7.7% | 11.1% | 16.7% | (4.5%) | (9.0%) | (288.0%) | (166.9%) | (60.9%) | 2.3% | 4.7% | - | - | - |
PaySend PLC - employee data
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