What is PayStand?
PayStand operates at the intersection of fintech and blockchain technology, offering a Payments-as-a-Service solution designed to digitize and automate the entire cash lifecycle for businesses. By leveraging cloud technology, the company streamlines receivables, automates payment processing, and accelerates cash flow. A key differentiator for PayStand is its ability to eliminate transaction fees and enable real-time cash recognition, fundamentally altering how businesses manage their financial operations. The company's focus on an open financial system positions it as a disruptor in the traditional B2B payment landscape.
How much funding has PayStand raised?
PayStand has raised a total of $79.3M across 6 funding rounds:
Multiple Rounds
$3.3M
Series A
$6M
Series B
$20M
Series C
$50M
Angel/Seed (2014): $1M with participation from Cervin Ventures, Serra Ventures, and Central Coast Angels
Other Financing Round (2014): $2M led by Signatures Capital LLC, Central Coast Angels, TiE LaunchPad, Cervin Ventures, and Serra Ventures
Other Financing Round (2014): $300K supported by Streamlined Ventures
Series A (2017): $6M featuring TiE, Cervin Ventures, Serra Ventures, Capital for Founders, and BlueRun Ventures
Series B (2020): $20M backed by Commerce Ventures, Wildcat Venture Partners, Battery Ventures, Epic Ventures, and DNX Ventures
Series C (2021): $50M with participation from NewView Capital, King River Capital, SoftBank Group, Industrious Ventures, and Transform Capital
Key Investors in PayStand
NewView Capital
NewView Capital is a venture growth firm specializing in high-potential enterprise software and fintech companies, providing flexible capital and operational guidance to support critical growth decisions and enhance partner success.
King River Capital
King River Capital is a venture capital firm that invests in high-growth technology businesses globally, offering tailored support, flexible capital, and strategic advice to exceptional teams solving critical market problems.
SoftBank Group
SoftBank Group is a global technology holding company driving innovation across various sectors, including AI and smart robotics, leveraging its Vision Fund to back transformative technologies and foster worldwide innovation.
What's next for PayStand?
With its substantial enterprise-level backing and a recent strategic investment, PayStand is poised for significant expansion and innovation. The company's trajectory suggests a focus on scaling its Payments-as-a-Service model, further developing its blockchain and cloud infrastructure, and potentially exploring new market segments within B2B finance. This capital will likely fuel product development, enhance customer acquisition efforts, and strengthen its competitive position against established payment processors. PayStand's commitment to an open financial system indicates a long-term vision for reshaping how businesses transact and manage their finances.
See full PayStand company page
