Paysend hits one million customers as the FinTech startup plans to roll out new services

Paysend, the UK-based card-transfer business, has reached one million customers for its global transfers service.

Having been founded in 2017, the card-to-card money transfer company attributes its ability to scale its customer base in 70 countries on two things. Firstly, the startup has been able to leverage the emergence of increasingly mobile segments of the work force. The second reason for Paysend’s growth is attributed to the rise and increase of international students.

This emerging flexible and international workforce and group of students are two segments full of people sending money back to their home countries and their families.

Ronald Millar (pictured) is the CEO at Paysend. “We are seeing that moving money changes lives,” he said. “Securing our one millionth customer is a great endorsement of what we are doing for our customers.”

But he added that the company is not stopping any time soon. Instead, Millar revealed that the company plans to roll out new services in the next few months.

The one millionth customer announcement comes closely after the company closed a £8.6m crowdfunding round. The round, which FinTech Global reported on back in July, was supported by both 938 investors, including crowdfunders and venture firms.

Copyright © 2019 FinTech Global

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