About PaySend
PaySend is a company based in Valletta (Malta) founded in 2015 by Ronald Millar and Abdul M Abdulkerimov.. PaySend has raised $226.9 million across 5 funding rounds from investors including Mastercard, Plug and Play Tech Center and TelevisaUnivision. The company has 1 employees as of April 07, 2024. PaySend has completed 1 acquisition, including rapid-sd.com.au. PaySend operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and Taptap Send, among others.
- Headquarter Valletta, Malta
- Employees 1 as on 07 Apr, 2024
- Founders Ronald Millar, Abdul M Abdulkerimov
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Paysend India Private Limited
- Date of Incorporation 25 Jul, 2022
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$226.9 M (USD)
in 5 rounds
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Latest Funding Round
$65 M (USD), Series B
Nov 29, 2023
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Investors
Mastercard
& 8 more
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Employee Count
1
as on Apr 07, 2024
- Investments & Acquisitions
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Funding Insights of PaySend
PaySend has successfully raised a total of $226.9M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $65 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $65.0M
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First Round
First Round
(03 Jul 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - PaySend | Valuation | TelevisaUnivision , Mastercard | |
| Dec, 2021 | Amount | Series B - PaySend | Valuation | Global Paytech Ventures |
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| May, 2021 | Amount | Series B - PaySend | Valuation | One Peak |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PaySend
PaySend has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Mastercard, Plug and Play Tech Center and TelevisaUnivision. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment in tech-enabled healthcare, cybersecurity and climate-tech startups
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Founded Year | Domain | Location | |
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Diversified investments are managed across multiple sectors by Hermes GPE.
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Founded Year | Domain | Location | |
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Private equity and infrastructure fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PaySend
PaySend has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include rapid-sd.com.au. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Government programs access and development services are provided in Australia.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PaySend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paysend Comparisons
Competitors of PaySend
PaySend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, Wave Systems and Taptap Send, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via an app-based wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paysend
Frequently Asked Questions about PaySend
When was PaySend founded?
PaySend was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is PaySend located?
PaySend is headquartered in Valletta, Malta.
Who is the current CEO of PaySend?
Ronald Millar is the current CEO of PaySend. They have also founded this company.
Is PaySend a funded company?
PaySend is a funded company, having raised a total of $226.9M across 5 funding rounds to date. The company's 1st funding round was a Series B of $125M, raised on Jul 03, 2018.
How many employees does PaySend have?
As of Apr 07, 2024, the latest employee count at PaySend is 1.
What does PaySend do?
PaySend was established in 2015 and is based in Valletta, Malta. Operations are focused on the fintech sector, where a digital wallet is offered for international money transfers. Sending, receiving, and overseas payments are supported for users. Transfer tracking and bank-level security features are incorporated. The application is accessible on Android, iOS, and AppGallery platforms.
Who are the top competitors of PaySend?
PaySend's top competitors include Chipper Cash, Taptap Send and WorldRemit.
How many acquisitions has PaySend made?
PaySend has made 1 acquisition, including rapid-sd.com.au.
Who are PaySend's investors?
PaySend has 9 investors. Key investors include Mastercard, Plug and Play Tech Center, TelevisaUnivision, One Peak, and Hermes GPE.
What is PaySend's valuation?
The valuation of PaySend is $700M as of May 2021.
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