Draft:Paysend
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Submission declined on 19 February 2026 by OrangeWaylon (talk).
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Paysend is a technology company, building and operating global payments infrastructure. Founded in 2017, the company is headquartered in London, United Kingdom. [1] Paysend Group Limited has its registered office in Edinburgh, Scotland. The company operates a payments platform providing international money transfers and payment services for consumers and businesses.[1][2]
PaySend PLC is authorised by the Financial Conduct Authority as an electronic money institution.[3][4]Paysend EU Designated Activity Company is authorised as an electronic money institution by the Central Bank of Ireland.[5]
History
[edit]Paysend was founded by Abdul Abdulkerimov and Ronald Millar.[2][6] Millar had previously founded Paywizard, a company specialising in subscriber-management services for pay television businesses.[1]
Paysend Group Limited was incorporated in Edinburgh on 4 April 2017.[7]
In 2019, Paysend raised £8.6 million through a crowdfunding campaign, double its initial target of £4.3 million. The campaign formed part of a larger investment round led by Plug and Play and Digital Space Ventures.[8]
In May 2021, Paysend raised $125 million in a Series B funding round led by One Peak, with participation from Infravia Growth Capital, Hermes GPE and existing investor Plug and Play.[1]
TechCrunch estimated the company’s valuation at around $720 million, a figure Paysend did not disclose.[1]
Paysend opened a European technology centre in Belgrade, Serbia, in May 2022.[6]
Paysend EU Designated Activity Company received authorisation as an electronic money institution from the Central Bank of Ireland on 20 December 2022.[5] In April 2023, Paysend announced plans to open an office in Dublin and said it was recruiting a team of up to 30 people in Ireland.[9]
In November 2023, Paysend announced a $65 million funding round that included a strategic investment from Mastercard. Existing investors Infravia Growth Capital, One Peak and Hermes GPE Innovation Fund also participated.[10]
In April 2026, Paysend secured a $25 million follow-on investment from Claret Capital Partners.[11][12] FinTech Futures reported that Claret had invested more than $45 million in Paysend since becoming an investor in 2020.[11]
Services
[edit]Paysend operates a platform providing international money transfers, account services and payments for consumers and businesses.[1][2] Its initial service focused on card-to-card international transfers, before the platform expanded to support additional methods of sending and receiving money.[2]
In 2020, Paysend introduced a consumer multicurrency account.[2] It expanded its services to business customers in 2022.[2]
According to TechCrunch, Paysend developed its own payment-processing and acquiring systems rather than relying entirely on third-party infrastructure.[1]
References
[edit]- 1 2 3 4 5 6 7 Lunden; Ingrid (26 May 2021). "UK's Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform | TechCrunch". TechCrunch. Archived from the original on 2026-09-30.
- 1 2 3 4 5 6 Webber; Daniel; Ingham; Lucy (15 June 2023). "Paysend's next five-year plan: Inside the money transfer player's evolving strategy". FXC Intelligence. Archived from the original on 2023-09-24.
- ↑ "PAYSEND GROUP LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Paysend Group Limited (SC562529).
- ↑ "PaySend PLC - authorised EMI in United Kingdom (FRN 900004)". Licensed EMIs.
- 1 2 "Financial Service Provider Register Data". Central Bank of Ireland. Paysend EU Designated Activity Company (C443739). 23 September 2026.
- 1 2 Ristović, Ana (27 May 2022). "Paysend stigao u Beograd, vide ga kao novi tehnološki epicentar Evrope".
- ↑ "PAYSEND GROUP LIMITED overview - Find and update company information - GOV.UK". Companies House. Archived from the original on 2023-06-15.
- ↑ Burley, Hannah (3 September 2019). "Capital fintech Paysend hails one millionth user of money transfer service". The Scotsman.
- ↑ Curran, Ian (28 April 2023). "Scottish fintech Paysend to open Dublin office". The Irish Times.
- ↑ "Mastercard joins $65m funding round for Paysend". Finextra. 29 November 2023.
- 1 2 Bignell, Francis (7 April 2026). "Paysend lands $25m from Claret Capital Partners to accelerate international expansion". FinTech Futures.
- ↑ Chesnokova, Sofia (2 April 2026). "Claret Capital just wrote Paysend a $25M cheque to compete with Wise, Airwallex and Revolut". Tech Funding News.
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