- Companies
- Paysend
Paysend Revenue, Valuation, Funding & Investors
Paysend is valued at $700M as of May 2021, a 7.0x multiple on its last reported $100M revenue.
Last Paysend valuation
$700M
Series B · May 2021
Last Paysend funding round
$25M
Undisclosed stage · Mar 2026
Paysend revenue
$100M
Series B · May 2021
Key investors in Paysend
Plug and Play
Hermes GPE
One Peak
InfraVia Capital Partners
Mastercard
Claret Capital Partners
About Paysend
Paysend is a London-headquartered money transfer platform enabling card-to-card remittances from Visa or Mastercard across 170 countries. Founded in 2015, it processes over 10 million transfers yearly with instant payouts to bank accounts or cards in destinations like India and Brazil.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Revenue
$100M (May 2021)
Valuation
$700M (May 2021)
Paysend Valuation
Paysend is currently valued at $700M, based on its Series B in May 2021.
The $125M round was led by One Peak, with participation from Plug and Play, InfraVia Capital Partners and Hermes GPE.
Paysend's valuation has grown 3.5x from $198M at its Series A in July 2018 to $700M in May 2021, across 3 priced rounds.
Paysend valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2021 | Series B | $700M | 7.0x |
| Jul 2019 | Series B | $165M | - |
| Jul 2018 | Series A | $198M | - |
Paysend Revenue
Paysend's latest recorded revenue is $100M, as of its Series B in May 2021. At a $700M valuation, that implies a 7.0x revenue multiple.
Paysend revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2021 | $100M | $700M | 7.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Paysend Funding History
Paysend has raised a total of $363M across 6 funding rounds.
Paysend's first fundraising round was a $20M Series A in July 2018. The most recent completed round was a $25M undisclosed-stage round in March 2026.
Paysend funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Claret Capital Partners (lead) | $25M | - | - |
| Nov 2023 | Undisclosed stage | InfraVia Capital Partners; TelevisaUnivision; One Peak; Mastercard; Hermes GPE | $64M | - | Paysend is a global fintech company founded in 2017, specializing in international money transfers via card-to-card and cross-border payments, serving consumers and businesses through its Open Payments Network (OPN). The company raised $65 million in a Series C funding round on November 29, 2023, led by new investor Mastercard with participation from existing investors Hermes GPE, InfraVia Capital Partners, One Peak, and others including Claret Capital Partners. This round follows a prior Series B of $125 million and builds on strategic partnerships like those with Mastercard for SME cross-border payments, TelevisaUnivision for USA-Latin America corridors, and Western Union for digital-to-card payouts. The funding validates Paysend's growth in the $133 trillion cross-border payments market, with expansions into real-time messaging and settlement, such as to Mexico, and plans for Instant Settlement Accounts to address trapped liquidity. Paysend competes in remittances against players like Remitly and Revolut, focusing on instant digital payments to 25 billion endpoints including cards, banks, and wallets. |
| May 2021 | Series B | One Peak (lead); Plug and Play; InfraVia Capital Partners; Hermes GPE | $125M | $700M | Paysend is a UK-based fintech company founded in 2017that pioneered card-to-card international payments and operates an all-in-one global payments platform serving both consumers and small-to-medium enterprises (SMEs). The platform enables fast, affordable cross-border money transfers to families, suppliers, employees, and partners in any currency across 110 receiving countries, addressing significant barriers to entry in international payments. In May 2021, Paysend closed a Series B funding round of $125 million led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing backers including Silicon Valley-based Plug and Play. The round valued the company at $700 million, representing a substantial increase from its previous $160 million valuation and reflecting 4.5x growth in core metrics. At the time of the funding announcement, Paysend had achieved impressive traction in less than four years, serving 3.7 million consumer customers, 17,000 SME customers, and operating in 110 receiving countries with only $50 million in prior funding. The capital was designated to accelerate international expansion, speed up product innovation, and target the $133 trillion opportunity in cross-border payment flows. While the company was not yet profitable, investors expressed confidence in its strategic direction and ability to reach profitability, with the platform distinguished by its vertically integrated approach to card-to-card payments and recent partnerships including an agreement with Alipay and expansion into the US and Canadian markets. |
| Jul 2019 | Series B | Digital Space Ventures (lead); GVA Capital (lead); Plug and Play (lead) | $13M | $165M | - |
| Apr 2019 | Pre-seed | Grey X Group | $115M | - | Paysend is a UK-based global fintech specializing in card-to-card and international money transfers, launched in 2017. By end of 2019, it had expanded to regulated operations in 45 countries, payments to over 90 countries, 1.3 million customers (growing 20% monthly), and 142 employees, up from 36. The B2C and B2B (SME-focused) divisions both showed strong growth, with B2B revenue up 39% year-over-year and leading Trustpilot scores in the sector. For the year ending December 31, 2019, Paysend reported revenue of £15.1 million, a 3.5x increase from £4.3 million in 2018, reflecting robust pre-COVID growth. Subsequent rounds include a Series B in May 2021 raising $125 million led by One Peak (with Infravia Growth Capital, Hermes GPE, Plug and Play), at approximately $700 million valuation (up from $160 million prior round). A 2023 Series C raised $65 million from Claret Capital Partners, Mastercard, Hermes GPE, InfraVia, and One Peak. |
| Jul 2018 | Series A | MARCorp Financial (lead) | $20M | $198M | Paysend is a UK-based fintech company founded in 2015, specializing in global card-to-card money transfers and remittances, enabling users to send funds instantly from Visa or Mastercard to recipients in over 50-60 countries for a flat fee of £1, €1.50, or $2, without needing bank accounts or cash. The platform connects over 12 billion cards via proprietary technology, offering B2B and B2C solutions including Global Transfers, Global Account, and Global Processing, positioning it as a disruptor in the remittances market with partnerships like Visa, MasterCard, UnionPay, and global banks. In July 2018, Paysend closed a $20 million funding round led by MARCorp Financial, with participation from existing investors, to fund new services and global expansion amid rapid customer growth, including a three-fold increase in its customer base over the prior six months. MARCorp Financial, a Chicago-based investment firm active in payments and other sectors, highlighted Paysend's innovative integrated model as a market leader. CEO Ronald Millar emphasized the team's expertise in building the only global card-to-card platform. The round supported Paysend's growth strategy in a remittances industry ripe for low-cost, fast alternatives to traditional methods. Subsequent developments include later rounds like a $125 million Series B and a $65 million raise in 2023 with Mastercard involvement, but these post-date the queried investment. Paysend continued expanding into SME cross-border payments and partnerships like TelevisaUnivision for USA-Latin America corridors. |
Who has invested in Paysend?
11 investors have backed Paysend across its funding rounds, including Plug and Play, Hermes GPE, One Peak, InfraVia Capital Partners, Mastercard and Claret Capital Partners.
Lead investors include Claret Capital Partners, One Peak, Digital Space Ventures, GVA Capital, Plug and Play and 1 other investor.
Paysend Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2019 | ||
| 2 | Participant | May 2021 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | May 2021 | ||
| 1 | Lead | Jul 2018 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Participant | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 11 Paysend investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Paysend
Paysend has acquired 1 company to date.
Last acquisition by Paysend was on June 25th 2019. Paysend acquired Rapid SD for undisclosed valuation.
Latest Acquisitions by Paysend
| Description | Rapid SD is a Sydney, Australia-based software development firm specializing in blockchain and cryptocurrency solutions. The company developed a stablecoin on the Stellar network backed by asset baskets to enhance DEX liquidity. It offers smart contract auditing and DeFi protocols for exchanges. Founded in 2021, Rapid SD collaborates with Stellar Development Foundation on volatility mitigation tools. |
| HQ Country | |
| HQ City | Sydney |
| Deal Date | 25 Jun 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Paysend acquisitions and their M&A valuation multiples. Start Free Trial | |
Paysend Competitors
Paysend competitors include listed companies like PicPay and Flywire, and private ones like Blaaiz, Thunes, Sokin and Cashtopia LLC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $894M | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $1.2B | $205M | $1.2B | 0.5x | ||
| Private | - | - | $300M | - | ||
| Private | - | - | $248M | - | ||
| Publicly listed | $623M | $45M | $2.2B | 2.6x |
Paysend Public Comps
Paysend is still privately-owned, but its public comps include PaySign, Digital Garage, SLR Digital Finance, Seshaasai, Cash Plus, SZZT Electronics Co, LINE Pay Taiwan, AvenuesAI, Worldline and Hightech Payment Systems.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $82M | $16M | 8.3x | 6.4x | 43.3x | 20.7x | |||
| $263M | $51M | 1.9x | 1.9x | 10.0x | 10.3x | |||
| $224M | $219M | 6.2x | 6.9x | 6.4x | - | |||
| $150M | $41M | 3.9x | 3.7x | 14.4x | 14.2x | |||
| $188M | $57M | 2.7x | 5.0x | 9.0x | 7.8x | |||
| $148M | ($7M) | 6.9x | 4.5x | (143.3x) | - | |||
| $247M | $24M | - | - | - | - | |||
| $846M | $39M | 0.6x | - | 13.4x | - | |||
This data is available for Pro users. Sign up to see all Paysend competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Paysend
| When was Paysend founded? | Paysend was founded in 2017. |
| Where is Paysend headquartered? | Paysend is headquartered in London, United Kingdom. |
| Is Paysend publicly listed? | No, Paysend is a private, VC-backed company. |
| What is Paysend's valuation? | Paysend was last valued at $700M in its Series B in May 2021. |
| How much funding has Paysend raised? | Paysend has raised $363M across 6 funding rounds. |
| What was Paysend's last funding round? | Paysend's last funding round was a $25M undisclosed-stage round in March 2026, led by Claret Capital Partners. |
| Who are Paysend's investors? | Paysend's investors include Plug and Play, InfraVia Capital Partners, One Peak, Hermes GPE, MARCorp Financial, Claret Capital Partners, TelevisaUnivision, GVA Capital, Mastercard, Digital Space Ventures and 1 other. |
| What is Paysend's revenue? | Paysend's latest recorded revenue is $100M (May 2021). |
| What is Paysend's revenue multiple? | Paysend's latest valuation implies a 7.0x revenue multiple ($700M valuation on $100M of revenue). |
| Which companies are comparable to Paysend? | Companies comparable to Paysend include Blaaiz, Thunes, PicPay, Sokin, Cashtopia LLC and Flywire. |
| How many companies has Paysend acquired? | Paysend has acquired 1 company, including Rapid SD. |
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