Paystand
Latest round
- Series C
Last raised
- Jul 2021
Total raised
- $78M
Investors
- 18
About Paystand
Based in the US, Paystand, Inc.Founded in 2013 and headquartered in Scotts Valley, US, Paystand, Inc. provides a cloud-based B2B payments platform that automates accounts receivable processes. The company was co-founded by Jeremy Almond and Scott Campbell., a portfolio company of Battery Ventures, EPIC Ventures, BlueRun Ventures, Serra Ventures, Cervin Ventures, DNX Ventures, TiE Angels, Commerce Ventures, Streamlined Ventures, Technicolor Ventures, Wildcat Venture Partners, LEAP Global Partners, Signatures Capital Partners, NewView Capital, Capital for Founders, LLC, King River Capital, Transform VC, Central Coast Angels, Industrious Ventures, Open Opportunity Fund, acquired Bitwage, Inc. from Draper, Gaingels, Bnk To The Future, Bitcoin Capital, Orange Fab, Cloud Money Ventures, Heisenberg Capital for an undisclosed amount. The acquirer aims to integrate Bitwage’s cross-border stablecoin infrastructure into Paystand’s ecosystem to enable faster, low-cost global B2B payments and programmable finance solutions. Paystand specializes in providing a cloud-based B2B payments platform that automates accounts receivable (AR) processes for businesses across various industries. Their core offerings include digital AR automation software that allows organizations to manage invoicing, payment collections, and reconciliation seamlessly. By leveraging blockchain technology, Paystand enables secure, fast, and cost-effective transactions, eliminating traditional fees associated with payment processing. The platform caters to a diverse client base, particularly in sectors such as manufacturing, healthcare, logistics, and software, facilitating efficient transactions for companies that engage in large and frequent B2B exchanges.Paystand operates on a subscription-based revenue model, where clients pay a fixed fee for access to their comprehensive payment solutions without incurring transaction fees on bank payments. This model is designed to provide businesses with predictable costs while maximizing their revenue retention. Clients utilize the platform to manage B2B transactions, where they can receive payments through a self-service portal, enhancing customer experience and reducing manual processing burdens. The company’s flagship offerings include Payments-as-a-Service and automated reconciliation tools, which streamline the cash lifecycle for finance teams. By integrating with existing ERP systems, Paystand ensures that clients can maintain control over their financial workflows, thus supporting efficient cash management across various business sectors.
Who invested in Paystand
18 investors across 4 rounds
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Questions about Paystand
Who invested in Paystand?
Paystand has 18 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Paystand raised?
Paystand has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Paystand last raise money?
Paystand's most recent round on record is a Series C, in Jul 2021.
What does Paystand do?
Based in the US, Paystand, Inc.
Where is Paystand headquartered?
Paystand is headquartered in Scotts Valley, US.
Which VCs invest in companies like Paystand?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Paystand's stage. Their profiles are linked below.
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