Global Paytech Ventures (GPT) is to make a follow-on investment in Paysend, the card-to-card pioneer and international payments platform.
Created in 2017, Paysend is a next generation integrated global payment ecosystem that enables consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend currently supports a cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend raised $125m in Series B funding earlier this year, led by venture capital firm One Peak. The company also reported a growth rate of 12,498%, which earned it the title of third fastest growing technology company in the UK by Deloitte.
Javier Perez, GPT’s founder and managing partner, said, “Paysend offers a truly global, cross-border solution that integrates the entire payment ecosystem. I am hugely excited by Paysend’s potential to become the number one payments platform of choice for customers around the world.”
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