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PaySend, the global payments company announced on Tuesday(July 3) that it has closed $20 million funding round.
“We are delighted to welcome MARCorp onboard and to increase our international investor base alongside the global technology platform we have built,” said CEO Ronald Millar in the press release.
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PaySend said that the funding will be used to launch new services for its expanding customers and to invest in its expansion efforts around the globe. PaySend also recently announced of a three-fold increase in customers during the past six months.
In accordance with PaySend, its card-to-card money transfer service connects over 12 billion cards through a proprietary technology platform which provides the market with a next-generation FinTech solution.
“We have been working with PaySend for over a year, and the expertise of the management team is unmatched in this sector,” Fazio noted in the press release. “The combination of the best people and best products in the market has enabled PaySend to achieve dramatic growth since its launch, and we are delighted we had the opportunity to increase our investment in the company.”
See Also: Financial Tech Review
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