Fintech passes one million customer milestone

Published: 10 September 2019

Edinburgh fintech Paysend has reached the one million customer mark for its Global Transfers service after just two years.

The app - which allows card-to-card money transfer via a Whatsapp-style message - is now used in more than 70 countries. 

We are seeing that moving money changes lives. Securing our one millionth customer is a great endorsement of what we are doing for our customers...

Ronald Millar, Founder and CEO , Paysend

 

Paysend says it has speeded up and reduced the cost of remittances - individuals moving money across borders and currencies - with only a £1 transaction fee. 

Paysend recently completed a crowd funding which raised £8.6 million, double its initial target, from 938 investors. That was part of a larger investment round led by Plug and Play, a leading Silicon Valley venture capital firm, and Digital Space Ventures...

Full story via Insider News

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