Paysend

remittancesconsumer

FOUNDING YEAR: 2015
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

PaySend offers a money transfer platform that allows users to send funds from card to card from 40 to more than 60 countries. Users can directly send funds from their cards, without the need of any bank account numbers, IBANS, or sort codes.

Focus

PRODUCTS & SERVICES

Paysend offers a mobile app that allows users to send money directly from their card instead of bank accounts. While making transfers, the app shows the best exchange rate, the transfer fee, and the amount the recipient will receive.

REVENUE MODEL

The company generates revenue by charging transfer fees which is £1, €1.50 or $2 per transfer.

MAIN CLIENTS

Retail and institutional customers

EXISTING PARTNERSHIPS

Mastercard

Visa

Union Pay

People

FOUNDERS

Abdul Abdulkerimov

BOARD MEMBERS AND ADVISORS

Daria Samarenko

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Digital Space Ventures

MARCorp Financial

KEY EMPLOYEES:

Sergei Bulgakov (CMO)

Dmitry Gondusov (CIO)

Ronald Millar (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$30.89 M

DATE OF LAST FUNDING

Jul 2018

TOTAL FUNDING COMMENT

The company is planning to use the funds to launch new services and expand globally. (July 2018)

FUNDING SERIES

SERIES A  · $20 M  · Jul 2018

CROWDFUNDING

$10.89 M

LISTED

NO

BASICS

FOUNDING YEAR:

2015

LOCATION:

United Kingdom

Views:

138 VISITORS | 279 VIEWS
LATEST FUNDING ROUND

$30.9 M

TOTAL EMPLOYEES
51-200

About

PaySend offers a money transfer platform that allows users to send funds from card to card from 40 to more than 60 countries. Users can directly send funds from their cards, without the need of any bank account numbers, IBANS, or sort codes.

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Momentum+
People+
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