Paysend – a global fintech leader in international money transfers – recently announced it has raised an impressive $65 million in its latest funding round.
This investment round follows the partnership with Mastercard announced earlier this year, through which Paysend will enhance cross-border payments for SME’s via its Open Payments Network (OPN). Paysend has secured a strategic partnership with TelevisaUnivision, the world’s largest Spanish-language media company.
This innovative partnership was designed to target the lucrative USA-Latin America money-transfer corridors and will see Paysend’s advertising featured on TelevisaUnivision’s network for the next three years, enhancing Paysend’s visibility and reach across the Hispanic community in the USA.
Existing investors – including Infravia Growth Capital, One Peak, and Hermes GPE Innovation Fund – also participated in the funding round, underscoring their continued confidence in Paysend’s mission and growth trajectory.
Since being founded in 2017, Paysend has experienced rapid expansion. And the company’s integrated cross-border platform for businesses and consumers positions Paysend to capitalize on the $133 trillion market opportunity. Earlier this year, Paysend announced a number of strategic expansions, including the provision of digital payments for Western Union’s global consumer business.
Paysend’s latest funding round builds on the success of its previous Series B round, where the company secured $125 million to accelerate the expansion of its global payments platform.
KEY QUOTE:
“This significant investment is a testament to the strength of Paysend’s vision: to build the best-in-class cross-borders solution for businesses and consumers, making money transfer simple for everyone. We are thrilled to welcome our new stakeholders, and we appreciate the unwavering support from our existing investors.”
— Ronnie Millar, Co-Founder and CEO of Paysend
