Follow us on or join ours

Paystand he collected as much as USD 20 million in the investment round, which will be invested in the development of commercial payments. It will be done thanks to a technology-based platform blockchain - Payments - as - a- Service for a cash cycle B2B.

It will make corporate payments as easy as never before.

A considerable amount for Paystand - many companies will benefit

Paystand is one of the fastest growing commercial payment platforms using technology blockchain. Recently announced that it has secured 20 million. dollars in the second financing round.

As new investors joined it: DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures.

However, current investors are BlueRun Ventures, Leap Global Partners, Cervin Ventures i Serra Ventures.

As the company's president announced, Jeremy Almond, work is currently underway on the digitization of the cash cycle, which usually takes 30 days, and sometimes even longer.

Paystand he based his actions on a subscription model, making all business transactions and payments extremely simple and fast. At the same time, it enables customers to be offered an alternative to costly fees-based transactions.

benefits

The capital raised as planned will be used to accelerate the development of the company and the services and products it offers.

Currently, Paystand is the only platform that offers other enterprises a solution leading to the digitization of the entire enterprise cash cycle. It also provides a real-time payment network based on blockchain technology, allowing for immediate transfer of funds between companies. In addition, Paystand also ensures the automation of the invoice payment process and its integration with the company's record system.

As Almond argues, Paystand allows companies to save even over 50% the costs incurred for accepting payments and processing invoices, while contributing to a reduction of DSO by up to 60%

Paystand is growing in strength

According to the president of Paystand, the company is growing in strength. Over the past few months it has gained as many as 80 new corporate clients, while noting a 2,5-fold increase in revenues compared to the previous year.

However, the monthly number of subscriptions increased by 240 percent. Currently, nearly 160 companies process their transactions on the Paystand platform, which allows them to generate savings on fees incurred.

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters