# Paysail

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paysail

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.paysail.us
- Total disclosed funding: $4M
- Latest round: Seed (Jan 13, 2022)
- Investors on record: 4

## About

Founded in 2020 by Nicole Alonso and Liam Brennan-Burke and based in California, US, Paysail Inc. operates as a provider of payment infrastructures through stablecoins. In January 2022, Paysail Inc. raised USD 4 million in seed funding led by new investor Uncork Capital, with participation from other new investors Mischief Capital Management, Pear VC, and Tribe Capital. Individual investors also participated in the round.
	
The company utilizes asset-backed stablecoins to pay invoices and shorten the cross-border payment process. Paysail also reduces transaction fees for businesses by removing third-party intermediaries. The company uses Celo’s CUSD stablecoin to enable payments. Current clients are companies familiar with the cryptocurrency space and often already transact in it.

Paysail plans to expand to other stablecoins not only backed by the US dollar. In addition, the company aims to use their funding to hire a full-time engineering team, a sales team, and legal counsel.

## Funding rounds

- Seed, Jan 13, 2022, $4M — Uncork Capital, Pear VC, Tribe Capital, Mischief

## Investors

- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Mischief (https://capitalatlas.ai/funds/mischief) — Seed