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Paystand banks $50M to make B2B payments cashless and with no fees

July 23, 2021

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It’s pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that. The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. The company raised $50 million Series C funding led by NewView Capital, with participation from SoftBank’s SB…

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Paystand banks $50M to make B2B payments cashless and with no fees

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