Paystand has raised $20 million in Series B funding to enhance its blockchain-enabled commercial payments platform. The round was led by DNX Ventures, with participation from Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures.
Paystand has raised $20 million in Series B funding to enhance its blockchain-enabled commercial payments platform. The round was led by DNX Ventures, with participation from Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures.
03/27/25, 4:55 PM
Location
scotts valleyMoney raised
$20 million
Round Type
series b
Investors
Blue Run Ventures, Leap Global Partners, Wildcat Ventures, Commerce Ventures, Epic Ventures, Battery Ventures, Dnx Ventures
Paystand, a blockchain-enabled commercial payments platform, has secured $20 million in Series B funding. The company plans to use the capital to accelerate the expansion of its products and services, as well as to grow its sales, marketing, success, and engineering teams in its Scotts Valley, California and Guadalajara, Mexico offices. The round includes new investment from notable firms such as DNX Ventures and Battery Ventures, alongside existing investors Leap Global Partners and BlueRun Ventures. With this funding, Paystand aims to make complex commercial transactions as easy and fast as consumer payment solutions.
Company Info
Location
scotts valley, california, united states
Additional Info
Paystand is on a mission to create an open commercial finance system, starting with B2B payments. Using blockchain and cloud technology, the company has pioneered Payments-as-a-Service to automate the entire enterprise cash cycle. Paystand makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. Today, over 250,000 businesses make better payments over the Paystand Bank Network, and the company has been consistently recognized as a top innovator in enterprise financial services. In 2020, Paystand was named to the Inc. 5000 list as the #9 fastest-growing privately held company in Silicon Valley. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on Twitter and LinkedIn.