Our latest insights

Paysend reaches 5 million customers globally in under 5 years

Share this post

Share on facebook
Share on linkedin
Share on twitter
Share on email
Paysend reaches 5 million customers globally in under 5 years

Paysend, the card-to-card pioneer and international payments platform, has reached an important milestone of five million customers, with one and a half million customers joining in the last six months alone.

Founded less than five years ago, this makes Paysend one of the world’s fastest growing FinTechs.

Earlier this year, Paysend announced that it had raised an additional $125 million Series B investment round, which valued the company at $700+ million, and the company was recently ranked the third fastest growing technology company in the UK by Deloitte, thanks to 14,498 per cent growth.

The five million customer milestone follows Paysend’s continued investment in technology, innovation and expansion that is increasing financial inclusion at scale.

In 2021, the company has made significant progress in expanding and enhancing its global payment network with Plaid, Mastercard and Visa, and has significantly increased headcount to over 500 people across the globe, focussed on mobilising key target regions including North America, the Middle East and Asia-Pacific.  

Paysend’s next generation payments platform slashes fees by as much as 60%, with instant transfers through the Paysend app; unlocking up to $5.4bn in annual savings for consumers and SMEs by 2025 and saving millions of hours of process administration.

Paysend’s platform is unique, owning the entire payment value chain. It removes the need for third-party acquirers or processors which increase cost and complexity, delivering savings and efficiency for consumers and SMEs. 

Paysend’s platform can reduce economic barriers to entry in the payments market by providing immediate access to transfer money to any card holder around the world, connecting 12bn consumers and businesses globally.

More To Explore

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Business Email Address*
Confirm Password*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back