Payments start-up Paysend completes £8.5m Series B

Jul 31, 2019 · uktech.news

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International Fintech startup Paysend today announces that it has closed a £8.5m Series B fundraise from GVA Capital, alongside 933 investors on investment platform Seedrs.

GVA invested £3.95m into the international money transfer company, and Seedrs raised £4.6m.

The Seedrs round was driven by leading investors Plug and Play and Digital Space Ventures, who have already backed the likes of PayPal, Revolut, N26 and Tandem. Proceeds from the fundraise will be used to support the global roll-out for the business.

During the campaign, Paysend also announced the launch of its global digital currency, Pays XDR. Pays XDR is a digital currency 100% backed by a basket of five fiat currencies; USD, EUR, GBP, JPY, CNY.

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