Paysend

Paysend is a global financial technology company that provides a cross-border money transfer service. It allows users to send money to over 170 countries worldwide through a card-to-card transfer technology that connects cards issued by international payment systems like Visa, Mastercard, and China UnionPay. Paysend's platform enables instant processing, secure transfer methods, and reduced fee costs leveraging its proprietary technology across the payment value chain. As of December 2022, the company had served over 6 million customers since its launch in 2017. In March 2023, Paysend raised USD 65 million in its latest funding round, which included a strategic investment from Mastercard following a partnership between the two companies earlier that year. This brought the total amount raised by Paysend to USD 224 million.

Paysend differentiates itself by offering a next-generation integrated payment ecosystem that enables businesses and consumers to hold, spend, and send money internationally. It aims to disrupt the money transfer industry through creativity, simplicity, and innovation. In 2020, Paysend managed 12 billion cards globally and provided over 40 payment methods for 17,000 online SMEs and merchants. The company plans to continue expanding its international presence, with a focus on the US-Latin America transfer market through a partnership with TelevisaUnivision.