Paysend

What Paysend does

Paysend is a UK-based cross-border payments fintech founded in 2017 that operates a global money movement platform spanning 170+ countries and serving more than 12 million customers. The company is built on a proprietary owned-loop infrastructure that covers acquiring, routing, compliance, FX, and payouts, with principal membership in Mastercard, Visa, and UnionPay networks providing direct access to over 25 billion digital endpoints and 120+ currencies. Its dual-segment offering includes Paysend Personal, a consumer mobile app and web platform enabling card-to-card transfers, bank-account payouts, mobile wallet deposits (Alipay, WeChat Pay, Gcash, Nequi, Daviplata, Apple Pay, Google Pay), and cash pickup to 170+ countries; and Paysend Enterprise, an API-first B2B product line with white-label Embed, Instant Settlement Accounts, and the recently launched "Paysend Enterprise AI" for North American merchants.

Paysend generates revenue primarily through fixed per-transfer transaction fees (starting from $1.99 from the US) plus an FX margin on currency conversions, supplemented by tiered subscription (Paysend Plus) and B2B transaction fees on enterprise payouts processed via the Paysend Network. GTM is product-led for consumers (mobile app, referral and ambassador programs targeting diaspora communities) and API-first for enterprises (single-integration global payout coverage, compliance-as-a-service). The company is regulated by the UK FCA (Firm Reference Number 900004), the Central Bank of Ireland (C443739), FinCEN, and holds US money transmitter licenses across more than 40 states (NMLS ID 2048617), with a licensed partner arrangement via Central Bank of Kansas City covering the remainder.

Reported annual revenue exceeded $100M in 2026 with over 100% YoY revenue growth and over 150% YoY client base growth in Q1 2026. The platform has processed $10bn+ in FX volume, achieves under 5-second delivery on 50% of payments with a 99% STP rate, and operates from hubs in London, Miami, Dublin, and Belgrade with 250–500 employees across 30+ countries.

Name

Paysend

Legal name

Paysend Group

Website

https://paysend.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Paysend is a UK-based fintech operating a proprietary global cross-border payments platform that serves over 12 million consumers and enterprises across 170+ countries via card-to-card transfers, mobile wallet payouts, and a B2B API infrastructure.

Ownership category

akta.pro rank

Product category

Cross-border Payments / Remittance

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)

akta.pro secondary industries

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Marketplace & Platform Seller Payouts (FSAMAKAE)

Keywords

• International money transfers
• Cross-border payments
• Remittance services
• Card-to-card transfers
• Payment infrastructure API

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. International Money Transfer Fees: Paysend charges a low, fixed transfer fee per transfer regardless of amount, plus an exchange rate margin on currency conversions. No recipient fees. Fee-free promotional offers available for new customers. Fees typically start from $1.99 when sending from the US.
2. Enterprise API and Platform Services: B2B revenue from fintechs and enterprises accessing Paysend Network via API for global payouts, payroll, and disbursement services. Revenue generated through transaction fees on enterprise transfers processed through the platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Paysend is a global fintech platform that enables consumers to send international money transfers to 170+ countries via bank accounts, debit/credit cards, mobile wallets, or cash pickup, using only a recipient's 16-digit card number for card-to-card transfers. For businesses, it offers Paysend Enterprise — an API-first infrastructure that connects fintechs, platforms, and financial institutions to over 25 billion digital endpoints via principal memberships with Mastercard, Visa, and UnionPay, providing acquiring, routing, compliance, FX, and payouts through a single integration.

Product overview

Paysend operates a dual-segment payments platform consisting of Paysend Personal (consumer app for international money transfers to 170+ countries) and Paysend Enterprise (B2B infrastructure solutions including Enterprise API, Embed, and Instant Settlement Accounts). The core Paysend Network connects to 25+ billion digital endpoints via principal membership with Mastercard, Visa, and UnionPay, enabling card-to-card transfers, bank transfers, and digital wallet payouts. Consumer features include the main transfer app with digital Mastercard, Paysend Libre for unbanked users, Paysend Request Money, and referral/ambassador programs. Enterprise offerings provide API integration for fintechs and enterprises with white-label Embed options and real-time settlement accounts.

Differentiator

Problem solved

Functional benefit

Brands

• Paysend Referral Bonus: Invite-a-friend program allowing users to earn up to $36 per referred friend through transfer rewards.
• Paysend Libre
• Paysend Enterprise
• Paysend Network

Quantifiable outcome

• 50% of payments delivered in under 5 seconds, 99% within 24 hours
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Six partnerships are on record, tiered strategic, minor, flagship and core.

• BirstrategicStrategic or Co-development Partner · 23 June 2026Strategic partnership enabling payouts to 170+ countries to simplify everyday cross-border transactions for more than 5 million Azerbaijani customers.
• JetBlueminorGTM or Marketing Partner · 1 November 2025Rewards partnership offering benefits to Dominican diaspora in the U.S. for remittance activities, combining travel loyalty with money transfer incentives.
• VisaflagshipStrategic or Co-development Partner · 1 September 2023Five-year strategic partnership enabling instant money transfers to eligible Visa cards across 170 countries. Leverages Visa Direct network for card-based cross-border transfers. Extended in 2025 with North America merchant program to enable real-time cross-border money transfers for Visa merchants.
• MastercardcoreStrategic or Co-development PartnerPrincipal member with Mastercard, enabling direct card network relationships and access to Mastercard Send for instant cross-border payouts.
• UnionPaycoreTechnology or IntegrationPrincipal member with UnionPay, expanding coverage for China and Asia-Pacific card transfers.
• Central Bank of Kansas CitycoreChannel Partner/ Reseller/ DistributorLicensed partner financial institution providing money transmission services in US states where Paysend does not hold direct money transmitter licenses.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wise: Direct competitor offering multi-currency accounts and cross-border transfers to consumers and businesses. Comparable on transparent fee/FX pricing model, multi-rail delivery (bank, card, wallet), and growing B2B (Wise Business) segment that parallels Paysend Enterprise.
• WorldRemit: Digital-first remittance specialist (owned by Zepz) serving diaspora senders to mobile wallets, bank accounts, and airtime top-ups. Direct overlap with Paysend's consumer card-to-card and wallet payout proposition in Africa, Asia, and Latin America.
• Nium: Cross-border payments-as-a-service platform providing pay-outs, issuing, and BaaS to fintechs and enterprises. Highly comparable to Paysend Enterprise on API-first GTM, multi-rail network (Visa Direct, Mastercard Send, local schemes), and embedded finance positioning.
• Thunes: Global cross-border payments network connecting digital wallets, mobile money, and banks across 100+ countries. Closely comparable to Paysend Network on B2B infrastructure positioning, multi-rail delivery, and emerging-markets reach (especially MEA and SEA).
• Revolut: Multi-currency digital bank with P2P transfers and cross-border spend in 30+ currencies. Overlaps with Paysend on consumer mobile experience, multi-currency wallets, and B2B expansion plans into payouts and embedded finance.
• dLocal: Cross-border payment processor focused on emerging markets, enabling global merchants to accept and pay out via local payment methods. Comparable to Paysend Enterprise on emerging-market pay-out coverage, local rails integration, and enterprise/API-first distribution to platforms.
• Remitly: Direct US-listed competitor in the consumer remittance / cross-border payments space, targeting the same diaspora populations with a mobile-first model and card/ACH delivery rails. Closely comparable on consumer GTM, corridor strategy, and partnership-led growth with Visa Direct.
• Sendwave: Mobile-first remittance app (part of Zepz alongside WorldRemit) focused on African and Asian corridors with wallet-based payouts. Comparable on PLG mobile app UX, referral-driven acquisition, and underbanked-recipient focus.

Broad incumbents

• MoneyGram: Legacy cross-border P2P and B2B payments provider with global agent network. Comparable to Paysend on consumer remittance and increasingly on digital-first app experience and partner-led enterprise distribution (e.g., Uber, NYCB).
• Western Union: Incumbent global money-transfer leader with the largest cash-pickup agent network. Overlaps with Paysend on cross-border consumer remittance and increasingly on digital (WU Digital) corridors where Paysend competes most directly.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Paysend
• YouTubeyoutube.com/c/Paysend
• Facebookfacebook.com/paysendcom
• LinkedInlinkedin.com/company/paysend
• Instagraminstagram.com/paysendglobal
• TikToktiktok.com/@paysend

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds8 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paysend