PayStand is the modern B2B payment platform enabling 0% bank-to-bank transactions. PayStand's B2B enterprise payments processor that digitizes their customers accounts receivable processes.
PayStand's mission is to use modern Internet, Blockchain, and SaaS technologies to transform B2B payments.
PayStand was founded in Mar 1, 2013 by Scott Campbell & Jeremy Almond and is based in Scotts Valley, California.
PayStand's revolutionary "Payments as a Service" model creates a smart billing and payment network that can digitize receivables, automate processing, reduce time-to-cash, lower transaction costs, and enable new revenue.
Paystand also automates the payment experience from invoice to reconciliation and integrates seamlessly with a company’s system of record. And it provides a real-time, fund-verified, blockchain-assured payment network that can move money between businesses instantly.
PayStand is baked by DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, Cervin Ventures, Serra Ventures, Technicolor Ventures, Streamlined Ventures, Central Coast Angels, TiE LaunchPad and others. The company raised $20M in a Series B round on Feb 06, 2020. This brings PayStand's total funding $28.3M to date.