In today’s globalized economic landscape, the field of cross-border payments is showing a booming trend.
Mobile Payment Network reported on April 8 that Paysend, a British cross-border payment company, announced an eye-catching news – it has received an additional investment of US$25 million from investor Claret Capital Partners.
Paysend was established in 2017. Since its establishment, it has been focusing on international remittance services.
After years of development, it has accumulated a huge customer base, currently serves more than 12 million customers, and its business covers more than 170 countries and regions.
This wide range of business coverage fully demonstrates Paysend’s strong strength and influence in the field of cross-border payments.
Claret Capital Partners has a long history of cooperation with Paysend.
Back in 2020, Claret Capital Partners made its first investment in Paysend.
This additional investment is undoubtedly a high recognition of Paysend’s development prospects.
The additional US$25 million in funding from this round will be mainly used in a number of key aspects.
The first is the development of its own technology platform.
Today, with the rapid development of technology, an advanced and stable technology platform is crucial for cross-border payment companies.
By increasing investment in technology platform development, Paysend can improve the security, stability and processing efficiency of its payment system, providing customers with a better and more convenient payment experience.
The second is international market expansion.
As the global economy continues to integrate, the demand for cross-border payments continues to grow.
Paysend will use the funds to further develop international markets, expand its business scope, and increase the brand’s global visibility and influence.
In addition, the funds will also be used to launch new products.
In the highly competitive cross-border payment market, continuously launching innovative products and services is the key to staying competitive.
Paysend will use this capital to develop and launch more new products that meet market needs and meet the diverse needs of different customer groups.
In general, the additional investment of US$25 million received this time will further strengthen Paysend’s competitiveness in cross-border payment business.
In the future, we have reason to believe that Paysend will achieve even better results in the field of cross-border payments, provide global customers with better and more efficient cross-border payment services, and promote the continuous development of the cross-border payment industry.
