One Peak leads $125m series-B round for Paysend

Also taking part in the round were Infravia Growth Capital, Hermes GPE, and Silicon Valley-based existing investor Plug and Play.

Paysend will use the proceeds to expand internationally and speed up product innovation.

Previous funding
In 2018, Paysend raised $20m in a funding round led by Marcorp Financial. A year later, investment firm GVA Capital led a £8.5m round for the company. The round was part-funded by 900 private investors via the Seedrs platform, driven by Plug and Play and Digital Space Venture.

Company
Founded in 2017 and based in London, Paysend is a payment platform enabling customers and businesses to pay, hold and send money online.

People
Paysend – Ronnie Millar (CEO).
One Peak – Humbert de Liedekerke (managing partner).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Fintech
• United Kingdom