Paysend
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.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
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.
Paysend firmographics
Firmographics- 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
Paysend industry classification
Industry- 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
Where Paysend is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Paysend business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Basic Tier - New accounts with identity verification |
| Transaction based/ take rate | Pay-as-you-go | Advance Tier - Verified accounts with additional ID verification |
| Transaction based/ take rate | Pay-as-you-go | Ultimate Tier - Fully verified accounts |
| Subscription | Monthly | Paysend Plus Subscription |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
Paysend product offering
Product offeringCore 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
Companies that use Paysend
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Paysend technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
Feature4 records
Paysend partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered strategic, minor, flagship and core.
- BirstrategicStrategic partnership enabling payouts to 170+ countries to simplify everyday cross-border transactions for more than 5 million Azerbaijani customers.
- JetBlueminorRewards partnership offering benefits to Dominican diaspora in the U.S. for remittance activities, combining travel loyalty with money transfer incentives.
- VisaflagshipFive-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.
- MastercardcorePrincipal member with Mastercard, enabling direct card network relationships and access to Mastercard Send for instant cross-border payouts.
- UnionPaycorePrincipal member with UnionPay, expanding coverage for China and Asia-Pacific card transfers.
- Central Bank of Kansas CitycoreLicensed 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
Paysend competitors and assessment
Company assessmentDirect 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
Paysend social profiles
Digital presencePaysend compliance and trust
Trust signalCompliance7 records
Paysend financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paysend leadership team
Management profileNumber of profiles
Profiles14 records
Paysend funding detail
Funding detailFunding overview
Funding rounds8 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paysend M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paysend
What does Paysend do?
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.
Is Paysend a public or private company?
Paysend is a private company. It is classified as venture growth investor backed and is currently operating.
When was Paysend founded?
Paysend was founded in 2017. It employs 251 to 500 people.
Where is Paysend based?
Paysend is headquartered in London, United Kingdom, in the Europe region.
How does Paysend make money?
Two revenue lines are on record. International Money Transfer Fees are the primary driver. The others are enterprise API and Platform Services.
Who are Paysend's main competitors?
Direct peers on record are Wise, WorldRemit, Nium, Thunes, Revolut, dLocal, Remitly and Sendwave. Broad incumbents are MoneyGram and Western Union.
Does Paysend have an API?
Yes. Paysend offers an Enterprise API that provides a single integration for global reach, enabling acquiring, routing, compliance, FX, and payouts in one call. Enterprise API allows new corridors to go live in weeks with direct economics and no aggregator markup. Additional products include Embed for white-label cross-border payments under the partner's brand, and Instant Settlement Accounts for real-time settlement on hard corridors to free working capital. Developer documentation is at developer.paysend.com.
What industry is Paysend in?
Paysend's product category is Cross-border Payments / Remittance. Its primary akta.pro industry code is FSAMAIAJ, Cross-Border Payouts & Mass Disbursements (Pay-outs), with a secondary code of FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure. Its NAICS code is 522320 and its SIC code is 6199.