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Paystand
Paystand is a financial technology company founded in 2013, focused on blockchain-powered B2B payment automation. The company offers a zero-fee network designed to digitize accounts receivable (AR) and accounts payable (AP) processes for mid-market and enterprise businesses. Headquartered in Santa Cruz, California, with additional offices in Sandy, Utah, and Guadalajara, Mexico, Paystand has achieved unicorn status, processing over $5 billion in payments volume for more than 500,000 corporate customers across the U.S. and Latin America. Paystand's platform automates the entire cash lifecycle, replacing paper checks and manual invoicing with digital transactions. Key offerings include end-to-end AR and AP automation, zero-fee payment options for leading ERPs like NetSuite and Sage Intacct, and dynamic discounting applications. The company targets various sectors, including construction, food and beverage, insurance, manufacturing, and technology, focusing on organizations looking to enhance payment efficiency and eliminate transaction fees.
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$100M