What is PayStand?
PayStand operates at the intersection of enterprise software and financial services, providing a comprehensive platform designed to automate the entire B2B receivables process. By replacing legacy payment methods with a digitized, blockchain-enabled framework, the company enables businesses to achieve greater operational efficiency and financial transparency. Its market position is defined by its focus on eliminating transaction fees and accelerating cash recognition, making it an essential tool for organizations seeking to modernize their treasury and accounting functions. The platform serves as a foundational layer for companies looking to transition from manual, paper-based workflows to automated, data-driven financial systems.
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, Central Coast Angels, and Cervin Ventures
Other Financing Round (2014): $2M led by TiE LaunchPad, Serra Ventures, Signatures Capital LLC, Central Coast Angels, and Cervin Ventures
Other Financing Round (2014): $300K supported by Streamlined Ventures
Series A (2017): $6M featuring TiE, BlueRun Ventures, Capital for Founders, Serra Ventures, and Cervin Ventures
Series B (2020): $20M backed by DNX Ventures, Epic Ventures, Commerce Ventures, Battery Ventures, and Wildcat Venture Partners
Series C (2021): $50M with participation from Industrious Ventures, SoftBank Group Corp, NewView Capital, Transform Capital, and King River Capital
Key Investors in PayStand
SoftBank Group Corp
A global technology holding company that drives innovation across AI, robotics, and IoT, leveraging its massive Vision Fund to scale transformative, category-defining businesses.
NewView Capital
A venture growth firm specializing in high-potential enterprise software and fintech, providing both primary capital and operational guidance to navigate complex scaling decisions.
Battery Ventures
A long-standing global investment firm that backs exceptional founders in enterprise infrastructure and software, offering deep expertise across all stages of company development.
What's next for PayStand?
With the support of its latest strategic financing, PayStand is poised to deepen its market penetration and expand its suite of automated financial tools. The company's roadmap likely involves scaling its enterprise-grade infrastructure to accommodate larger, more complex global organizations while continuing to refine its blockchain-based payment rails. As the demand for seamless, real-time B2B transactions grows, PayStand is well-positioned to capitalize on the shift toward digital-first financial operations. Future growth will likely focus on enhancing interoperability with existing ERP systems and expanding its footprint in key industrial sectors that require high-volume, secure payment processing.
See full PayStand company page
