London based Paysend has raised GBP 88 million (USD 125 million) in a Series B funding round led by the specalist private equiry firm One Peak Partners. The round also witnessed participation from Hermes GPE and Infravia Growth Capital, along with existing investors including Silicon Valley based Plug and Play. The funding round brings the total amount of funds raised by the paymentech startup to over $150 million.
Founded in 2017 by Ronald Millar and Abdul Abdulkerimov, Paysend is an integrated global payments platform that enables consumers and businesses to send and receive money worldwide in any currency. The current funding will enable Paysend to accelerate its growth plans, scale up the payments platform and expand its geogrpahic footprint.