Provider Insights

Geographical Focus:

Paysend offers global payment services, enabling users to send money to over 170 countries worldwide. The company has expanded its network by adding 50 new receiving countries since the start of 2022, which enhances its ability to facilitate cross-border money transfers.

Licenses:

UK: Paysend Plc is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (with firm reference number 900004) for the issuing of electronic money and the provision of payment services.
EU: Paysend EU Designated Activity Company (Paysend EU) is a company registered in Ireland (with company number 678642). Paysend EU is an electronic money institution authorised by the Central Bank of Ireland (with licence number C443739) for the issuing of electronic money and the provision of payment services.
US: Paysend US LLC is a licensed money transmitter in several states under specific licenses. In the US states and/or territories where there is no specific license, money transfer services are offered by Central Bank of Kansas City, which is regulated by the FDIC.

Investors:

The Series B round included investors such as One Peak, Plug and Play Tech Center, and others. Global Paytech Ventures also participated in Paysend's funding efforts. Over four funding rounds, Paysend has raised a total of $162 million.