What is PayStand?
PayStand is at the forefront of revolutionizing business-to-business payments by architecting a more open and efficient financial ecosystem. The company harnesses the power of blockchain and cloud technologies to deliver Payments-as-a-Service. This comprehensive offering empowers businesses to digitize and automate their entire cash lifecycle, from streamlining receivables and automating processing to accelerating cash flow. A key differentiator for PayStand is its ability to eliminate transaction fees while enabling real-time cash recognition, fundamentally altering how businesses manage their financial operations.
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 Serra Ventures, Cervin Ventures, and Central Coast Angels
Other Financing Round (2014): $2M led by Central Coast Angels, Cervin Ventures, Serra Ventures, TiE LaunchPad, and Signatures Capital LLC
Other Financing Round (2014): $300K supported by Streamlined Ventures
Series A (2017): $6M featuring TiE, Serra Ventures, BlueRun Ventures, Capital for Founders, and Cervin Ventures
Series B (2020): $20M backed by Wildcat Venture Partners, DNX Ventures, Commerce Ventures, Epic Ventures, and Battery Ventures
Series C (2021): $50M with participation from NewView Capital, Industrious Ventures, King River Capital, SoftBank Group, and Transform Capital
Key Investors in PayStand
Wildcat Venture Partners
Wildcat Venture Partners invests in technology entrepreneurs focused on market disruptions through AI and Machine Learning, particularly in B2B and B2B2C startups that enhance efficiency in industrial sectors, with a strong emphasis on human health and the energy transition.
Commerce Ventures
Commerce Ventures is an investment firm that partners with entrepreneurs to build the infrastructure for future industries in retail and financial services, focusing on sectors such as retail tech, payment tech, insurance tech, and banking tech.
Battery Ventures
Battery Ventures partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology, backing companies at all stages globally.
What's next for PayStand?
With substantial enterprise-level funding and a recent strategic investment, PayStand is poised for accelerated growth and market expansion. The company's focus on digitizing the cash lifecycle and eliminating transaction fees positions it to capture a significant share of the B2B payments market. Future developments are likely to involve further integration of advanced technologies, expansion of its Payments-as-a-Service offerings, and strategic partnerships to enhance its reach and impact within the fintech landscape. This capital infusion will fuel innovation and solidify PayStand's position as a leader in modernizing financial systems for businesses.
See full PayStand company page
