PaySend Raises $20M In Venture Funding To Fuel Expansion

PaySend, the global payments company, announced that it closed a $20 million funding round led by investment firm MARCorp Financial. Other participants included existing investors.  The funding will be used to launch new services for PaySend’s rapidly expanding customer base, and to invest in its expansion efforts around the globe. According to PaySend, its card-to-card money transfer service connects over 12 billion cards through a proprietary technology platform, providing the market with a next-generation FinTech solution. Meanwhile, its Global Processing unit helps merchants boost revenue by taking a data-driven approach to shopping.

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