Payments start-up Paysend completes £8.5m Series B

Jul 31, 2019 · uktech.news

Hero image  1  898x505

International Fintech startup Paysend today announces that it has closed a £8.5m Series B fundraise from GVA Capital, alongside 933 investors on investment platform Seedrs.

GVA invested £3.95m into the international money transfer company, and Seedrs raised £4.6m.

The Seedrs round was driven by leading investors Plug and Play and Digital Space Ventures, who have already backed the likes of PayPal, Revolut, N26 and Tandem. Proceeds from the fundraise will be used to support the global roll-out for the business.

During the campaign, Paysend also announced the launch of its global digital currency, Pays XDR. Pays XDR is a digital currency 100% backed by a basket of five fiat currencies; USD, EUR, GBP, JPY, CNY.

Read Complete Article

RT @L_Pbusiness: There’s just 24 hours to go until London is officially named the world’s first #NationalParkCity. We’re celebrating all th…

Most people know that rough sleepers are vulnerable to extreme cold, but they’re also vulnerable to extreme heat. O… https://t.co/lgoi4zyn63

RT @JessRobertsOzUK: A (beautifully suited and booted) @AaronBirkby sharing Aussie @catalyst_au lessons from @LDNTechWeek #sclondon #scfemf…

VMware welcomes estranged sibling Pivotal back home https://t.co/95Pwr8Kc0L

Come hear what it’s like to grow and scale an enterprise mobile security startup which went on to get acquired by G… https://t.co/FV0Wwmrm7k

More in London