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Paystand delivers a B2B payments platform, automating accounts receivable and payable processes. Leveraging a modern, blockchain-enabled infrastructure, its integrated software aims to eliminate transaction fees and accelerate cash flow. Key capabilities include automatic reconciliation, collections automation, and robust reporting, integrating seamlessly with enterprise resource planning systems.
The company was co-founded in 2013 by CEO Jeremy Almond and Scott Campbell. Almond's experience during the 2001 and 2008 economic downturns fostered a belief that commercial finance needed fundamental reimagining. This insight propelled a new financial system built on advanced technology for greater efficiency and fairness.
Paystand’s platform serves diverse B2B enterprises across various industries. Its vision is to establish an open, equitable, and fee-free digital payment network to transform commercial finance. Offering a comprehensive financial operating system, Paystand empowers Chief Financial Officers, fostering a future of seamless, zero-cost digital commerce.
Paystand has raised $78.0M across 4 funding rounds.
Paystand has raised $78.0M in total across 4 funding rounds.
Paystand has raised $78.0M in total across 4 funding rounds.
Paystand's investors include NewView Capital, Act One Ventures, Cathay Innovation, General Catalyst, Gradient Ventures, Sommet AB, Streamlined Ventures, Adrian Aoun, King River Capital, SoftBank, Ascend Vietnam Ventures, BlueRun Ventures.
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]
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]
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]
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]
Paystand has raised $78.0M across 4 funding rounds. Most recently, it raised $50.0M Series C in July 2021.
