Follow-on growth funding to support the continued scaling of Paysend’s global payments technology platform.
Claret Capital Partners is pleased to announce a US$25 million follow-on investment through its funds in Paysend.
Paysend is a technology company building global payments infrastructure for seamless money movement. At the core of that infrastructure is the world’s largest digital payment network, with 25+ billion endpoints, alongside a growing portfolio of enterprise and consumer products. Founded in 2017 and headquartered in the UK, Paysend serves more than 12 million customers worldwide and supports cross-border payments in more than 170 countries.
Claret first invested in Paysend in October 2020 and has supported the company through a period of sustained growth and international expansion. Paysend continues to demonstrate strong momentum across both its consumer and enterprise channels, driven by increasing payment volumes, geographic expansion and ongoing innovation across its global payments infrastructure.
The follow-on investment will support the continued development and scaling of Paysend’s proprietary platform, enabling further international expansion and the launch of new products and capabilities built on its core technology.
George Morgan, Senior Associate at Claret Capital Partners said:
“We’re delighted to continue our partnership with Paysend. The team have built a highly scalable global payments platform and continues to execute strongly against its growth strategy. We are pleased to further support the business as it scales internationally and expands its product offering, building on the progress achieved since our initial investment.”
Wilhelm Rohde, group CFO at Paysend said:
“Paysend is delighted to work with a strong partner like Claret who supports our vision to create the world’s largest cross-border digital network. We are scaling rapidly on a global scale and this funding supports us in achieving our ambitions.”
