Paystand

Paystand is a technology company.

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Updated: Dec 9, 2025 ·

Recent News & Mentions

Jul 1, 2021FundingPaystand - Series C Feb 1, 2020FundingPaystand - Series B Nov 1, 2017FundingPaystand - Series A Apr 1, 2014FundingPaystand - Seed

Financial History

Paystand has raised $78.0M across 4 funding rounds. Most recently, it raised $50.0M Series C in July 2021.

Total Raised

$78.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Jul 1, 2021	$50.0M Series C	Act One Ventures, Cathay Innovation, General Catalyst, Gradient Ventures, NewView Capital, Sommet AB, Streamlined Ventures, Adrian Aoun
Feb 1, 2020	$20.0M Series B	Ascend Vietnam Ventures, BlueRun Ventures, Citi Ventures, DNX Ventures, FINTOP Capital, Greylock, Innovius Capital, i/o Ventures, Ligature, Long Journey Ventures, Lumia Capital, OVO Fund, Think + Ventures, Thomvest Ventures, Union Square Ventures, Wildcat Ventures, Zero Capital, Zigg Capital, Alexandre Carel, Eric Ries, Eric Ver Ploeg, Greg Kidd, Oneal Bhambani, Susan Kimberlin
Nov 1, 2017	$6.0M Series A	BlueRun Ventures, FINTOP Capital, Lumia Capital, Thomvest Ventures, Wildcat Ventures, Greg Kidd, Oneal Bhambani
Apr 1, 2014	$2.0M Seed	Cathay Innovation, Cota Capital, General Catalyst, Gradient Ventures, Razor's Edge Ventures, Sommet AB, Streamlined Ventures, Wing Venture Capital, Adrian Aoun, Sean Glass

Financial History

Paystand has raised $78.0M across 4 funding rounds.

Total Raised

$78.0M

Valuation

N/A

Deep Dive

High-Level Overview

Paystand is a financial technology company founded in 2013 that builds a blockchain-powered platform for automating B2B payments, accounts receivable (AR), and accounts payable (AP).[1][3][4] It serves mid-market and enterprise businesses, particularly in tech and other digital-first sectors, by solving inefficiencies in traditional payment processing—such as high fees, manual invoicing, slow cash cycles, and lack of transparency—through zero-fee bank payments, seamless ERP integrations, and immutable audit trails.[1][2][3] Paystand's growth includes processing over $2B in payments, onboarding 250,000+ payers to its network, and securing a $50M Series C led by NewView Capital, with customers reporting 50%+ cost savings and 60%+ reductions in days sales outstanding (DSO).[5]

Origin Story

Paystand was founded in 2013 by a team of FinTech veterans and visionaries, including Co-Founder and CEO Jeremy Almond, who drew inspiration from cloud disruptions in sales and marketing to reimagine B2B finance as simple and intuitive as ride-sharing apps like Uber.[1][4] The idea emerged from frustration with legacy payment systems hampered by fees, gatekeepers, and paper-heavy processes, prompting the company to pioneer Payments-as-a-Service using blockchain and cloud tech for a more open financial system.[1][4][5] Early traction built on over a decade of expertise, evolving into a hybrid Ethereum-based network that has processed billions in payments and attracted major funding, marking pivotal growth from startup to enterprise-scale innovator.[5]

Core Differentiators

Blockchain-Powered Immutability: Records payments on a tamper-proof Ethereum-based hybrid blockchain for secure, auditable trails, eliminating disputes and enabling certified electronic notarization without altering records.[1][3][5]
Zero-Fee Model: Subscription-based pricing with no transaction fees on bank payments (ACH, eCheck, wires), delivering up to 50% cost savings versus percentage-based processors, plus flat-fee predictability.[1][2][3]
Full AR/AP Automation: Automates invoicing, collections, reminders, reconciliation, and "Pay Now" buttons; integrates deeply with ERPs like NetSuite, Sage Intacct, Dynamics 365, Acumatica, Xero, QuickBooks, and tools like Slack.[2][3]
Payments-as-a-Service Flexibility: Supports all digital methods (cards, bank transfers), real-time tracking, spend cards for expense management, and customizable workflows that scale from startups to enterprises.[1][2][3]
Proven ROI: Reduces DSO by 60%+, frees AR teams, and enhances cash flow, as validated by G2 leadership in mid-market AR and customer case studies like Covetrus.[2][3][5]

Role in the Broader Tech Landscape

Paystand rides the B2B DeFi and fintech automation wave, addressing stagnant mid-enterprise payments infrastructure that relies on pre-internet rails, manual AR teams, and costly fees amid rising demand for digital-native cash cycles.[5] Timing aligns with blockchain maturity and cloud ERP adoption, enabling hybrid solutions that outpace consumer-focused innovations in handling complex, high-value B2B transactions.[1][4][5] Market forces like fee compression, regulatory pushes for transparency, and tech firms' need for lean ops favor Paystand, which influences the ecosystem by onboarding vast payer networks, cutting legacy processor dominance, and proving blockchain's enterprise viability beyond crypto hype.[3][5]

Quick Take & Future Outlook

Paystand is positioned to dominate B2B payments infrastructure as adoption of fee-free, automated networks accelerates, potentially expanding its $2B+ processed volume into trillions amid global digitization.[5] Trends like AI-driven workflows, deeper ERP embeddings, and DeFi interoperability will shape its path, evolving it from AR/AP specialist to full cash lifecycle orchestrator with broader spend management and international scaling.[1][3] Its influence may grow by setting standards for open finance, attracting more enterprise conversions and partnerships, ultimately redefining how businesses move money without intermediaries—echoing its founding vision of Uber-like simplicity in a fairer system.[4]

Sources

Frequently Asked Questions

How much funding has Paystand raised?

Paystand has raised $78.0M in total across 4 funding rounds.

Who are Paystand's investors?

Paystand's investors include Act One Ventures, Cathay Innovation, General Catalyst, Gradient Ventures, NewView Capital, Sommet AB, Streamlined Ventures, Adrian Aoun, Ascend Vietnam Ventures, BlueRun Ventures, Citi Ventures, DNX Ventures.