Success for UK based start up fintech as Paysend raises an initial £4.3m on crowdfunding extending a £125m valuation

International card fintech business Paysend has attracted

unprecedented investor interest after officially launching on the

Seedrs crowdfunding site on 6 June, hitting 100% of the target

raise within the first three days.

The Paysend original proposition of providing a card to card

system that enables clients to send money globally to over 70

countries without local fees, has already attracted over 800,000

customers around the world.

This crowdfunding investment round targeting £4.2m has already

attracted major investors like Plug and Play, Digital Space

Ventures and Marcorp Fintech, who have already shown their

commitment to other successful newcomers to the payments

sector, including Revolut, Paypal, N26 and Tandem, and exceeded

the target in days.

“We are happy to announce that Paysend’s first crowdfunding

campaign on Seedrs.com has proven a huge success, hitting

100% of the target in less than 72 hours!” says Paysend’s CEO

Ronald Millar. “Crowdfunding worked well for us as we were able

to join the discussion on the campaign’s page, providing

information and answering questions from the investors in real

time, and at the same time share our future plans for our

forthcoming official Global Account and Stablecoin launches”.

In that regard, Paysend has just launched a new corporate website

www.paysendgroup.com to share more news on its innovation

portfolio.

ENDS

Notes to editor:

Paysend Corporate Statement:

Paysend is a global Fintech company based in UK and regulated by FCA. Paysend

has its own global network of banks, international and local payment systems and

is partnering with the major international card networks: Visa, Mastercard and

China Union Pay as a principal member and certified processor.

Servicing clients in over 70 countries and multiple currencies, Paysend enables

instant cross border as well as local payments in a way which is simple and smart.

Paysend’s unique card to card and proxy card technologies already serve over a

million customers worldwide. Paysend is money for the future.


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About PaySend

We are on a mission to change how money is transferred around the world. We have designed a solution that sends money faster, safer, easier and instantly for only £1, 1.50€, $2. No more cash, no more complicated forms to complete, no more bank account numbers, no more IBANS, no more sort codes, no more queuing and long trips to pick up the transfer. Just the 16-digit VISA or MasterCard number. Once you try us, you will never go back to transferring money the old way. Today we send money to over 70 countries using Card to Card transfers.