Paysend announces expanding network and latest funding round

Paysend is adding six new countries to its network to allow more customers to transfer money to and from countries using their platform.

 

This comes as Paysend extended its network in areas such as India, South Africa and Sri Lanka in 2019, with plans for further expansion into Nepal, Pakistan and Turkey.

 

The Fintech startup operates in more than 70 countries and is a principal member of Mastercard, VISA and China Union pay.

 

The company has also launched a £4.2m Series B funding round on Seedrs to support its growth plans with the round being driven by Plug and Play and Digital Space Ventures. This latest funding round comes after Paysend’s £20m Series A in 2018.

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