FinTech startup Paysend gets $20m to shake up global remittances

Jul 5, 2018 · uktech.news

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UK FinTech company Paysend has raised $20m in a round led by MARCorp Financial.

The company, which has offices in Fife (Scotland) and London, also drew support from existing investors.

Paysend will use the money to launch new services and to boost its global expansion plans.

CEO Ronald Miller commented on the news: "We are delighted to welcome MARCorp onboard and to increase our international investor base alongside the global technology platform we have built.

"I am proud of what we have achieved to date, and what we have planned for the future. We are the only global card-to-card platform, and the technological and operational expertise required to create that could only have come from an executive team with special knowledge, creativity and ambition – our team."

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