Paysend, the global FinTech with 7 million customers, announced that it has grown its customer base in the U.S. by an impressive 66% in the past 12 months, to over 500,000. This growth has been driven by recent expansions of Paysend’s cross-border money transfer service in the U.S. and Latin America through multiple partnerships, including Visa Direct, Mastercard Send®, Central Payments and MOVii. In May 2021, Paysend closed a $125 million Series B investment round, which enabled the company to expand its global footprint and advance product innovation, enabling Paysend to further accelerate its growth trajectory. Since then, Paysend has partnered with services including Visa Direct, Mastercard Send and MOVii, a leading mobile wallet service in Colombia, expanding Paysend’s cross-border money transfer services for its US customers, particularly in Latin America.
Paysend is a next generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs. Paysend can send money to over 150 countries worldwide and has attracted nearly 7 million consumers to its platform. As a global end-to-end payment platform, Paysend has its own global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal member and certified processor.