Articles from Paystand

Paystand, the global leader in blockchain-based payments and financial services, announces the opening of its new downtown Santa Cruz headquarters, offices formerly occupied by Google. The return to its Santa Cruz roots highlights the fintech firm’s long-time dedication to fostering economic growth in Santa Cruz, including working with local businesses to incentivize them to accept Bitcoin.

In the face of record-setting prices for Bitcoin and the robustness of the blockchain ecosystem, Paystand, the fintech leader in blockchain-enabled B2B payments, was recognized today on the Deloitte Technology Fast 500™. The fintech payments company, founded in 2013, today announced it ranked number 306 with 380% growth from 2020 to 2023. CFOs use Paystand’s technology to incentivize their payers to change payment behavior, boosting their bottom line.

Paystand, the global leader in blockchain-enabled B2B payments, announced it has expanded support for Microsoft Dynamics products, including integration with their on-premises ERPs. Paystand will also bring additional offerings to Microsoft cloud-based products, while providing a fully digitized payments-as-a-service flow to the thousands of businesses using Microsoft’s on-premises tools. Paystand will demonstrate the solutions at the Community Summit October 13 – 17 in San Antonio, Texas.

Paystand today announced that it is a Gold level sponsor of SuiteWorld 2024, Oracle NetSuite’s largest celebration for customers and partners taking place September 9-12, 2024 at the Caesars Forum in Las Vegas and On Air. This year’s theme is “All Systems Grow,” and the conference will focus on how the right technology – fueled by the power of AI – can help organizations accelerate growth, gain better insights, make more informed decisions, and boost their bottom line.

Paystand, the global leader in blockchain-enabled B2B payments, today announced its zero-fee B2B network is expanding to Canada. While Paystand first introduced limited service in Canada in 2018, Canadian payers will now be able to access all the benefits of the Paystand Platform and the Zero-Fee B2B Payment network.

Please replace release dated August 21, 2024, with the following corrected version due to multiple revisions to the fifth paragraph.

Paystand, the blockchain-enabled B2B payments company that has been making consistent waves in the DeFi sector since its founding in 2013, has made the Inc. 5000 list for the fifth consecutive year with a remarkable 380% growth rate over the past three years. Paystand pushed through the increased stagnation experienced by the fintech industry this last year with the acquisition of Teampay, an industry-leading spend management software.

Paystand, the global leader in blockchain-enabled B2B payments, today announces the appointment of Allison Grieb as chief sales officer. Grieb brings her years of sales roles at high-growth tech companies to the new position.

Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network.

Paystand, the global leader in B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance. It has also established a partnership with independent software vendor ERP Connect Consulting (ERPCC) to jointly provide customers with access to ERPCC’s Financial Dashboard and Invoice & Statement Delivery.

Paystand, the global leader in blockchain-enabled B2B payments, today announced it has won the DeFi Innovation category in the 2024 Fintech Breakthrough Awards. More than 4000 fintech nominations were submitted for this competition.

Paystand, the global leader in B2B payments, today announced it will highlight new capabilities within its Sage Intacct integration that incentivize payers to change their financial behavior, including earlier more profitable payments. The features, introduced at the Sage Transform annual customer conference in Las Vegas, Feb. 26 – 29, boost AR efficiency through automation.

Paystand, the blockchain-enabled commercial payments platform, today announces the launch of Paystand.org. Paystand.org is the corporate social responsibility (CSR) arm of the pioneering financial technology (fintech) company. The organization will harness the power of the Blockchain and emerging bitcoin circular economies to create financial opportunities within vulnerable and underrepresented communities.

Paystand, the only feeless B2B blockchain-enabled payment platform, today brings its automated payment solution to Acumatica, an all-in-one cloud-based ERP system for business management that includes finance, inventory, CRM, and payroll. Now, finance departments using Acumatica can accelerate AR processes to reduce days sales outstanding (DSO) and speed time-to-cash, all with zero transaction fees.

In the wake of the recent ACH outage, the creator of the ACH alternative — the Paystand B2B Network — is recognized on the Deloitte Technology Fast 500™. The fintech payments company, founded in 2013, today announced it ranked number 210 with 671% growth from 2019 to 2022. Paystand’s customers use its technology to incentivize their payers to change payment behavior, boosting the customer’s bottom line.

Paystand today announced it is a Gold level sponsor of SuiteWorld 2023, Oracle NetSuite’s largest celebration for customers and partners taking place October 16-19, 2023 at the Caesars Forum in Las Vegas and On Air. This year’s theme is “SuiteUP” to help organizations learn how to accelerate their growth, improve productivity, and get deeper insights about their business with the unified data that NetSuite provides.

Paystand, the fastest-growing, blockchain-enabled B2B payments platform, today announced its new integrated solution for the Microsoft Dynamics 365 Business Central portfolio of intelligent business applications. Now, SMB finance departments may eliminate slow manual AR processes to reduce days sales outstanding (DSO) and speed time-to-cash, all with zero fees.

Paystand, the fastest-growing, blockchain-enabled B2B payments platform, today announces Juniper Research has named the company the Platinum winner in the category “Best B2B Payment Platform” in the 2023 Future Digital Awards competition. The award recognizes Paystand’s transformative innovation as enterprises shift from traditional payment rails to decentralized finance on the blockchain.

Paystand, the B2B payments company with the world's largest commercial blockchain, has defied market conditions and experienced a more than 600% growth rate over the past three years. At a time when inflation is an ongoing issue, the stock market remains volatile, and crypto is still in the winter doldrums, Paystand and its customers are growing significantly. This extraordinary ongoing growth has catapulted the company to its fourth straight placement on the Inc. 5000 list of fastest-growing companies. A DeFi fintech unicorn, Paystand enables businesses to pay each other nearly instantly, with zero fees, automating more than $6 billion in payments on its commercial blockchain with more than 600,000 payers across the Americas.

On Thursday, March 9, 2023, tens of thousands of companies who had all of their assets in Silicon Valley Bank (SVB) accounts went into a state of panic. Cash they depended on to make payroll and pay critical bills disappeared, as the 16th largest bank in the United States by assets defaulted.

Paystand – the fastest-growing, blockchain-enabled B2B payments network – today announces that the Silicon Valley Business Journal has named it one of its fastest-growing private companies. Paystand placed third for the second consecutive year. The company has grown 876% year-over-year for the past three years, doubling annual revenues every year it’s been in business.

Paystand, the leader in blockchain-enabled B2B payments, today announced that businesses can have access to their revenue next business day, and at zero cost by using the Paystand Network and the DeFi Corporate Card.

Paystand – the fastest-growing, blockchain-enabled B2B payments platform – today announced its Gold sponsorship of Sage Transform, Sage’s premier event for the Sage Intacct community of customers and partners. Sage is holding the event from Oct. 10 to Oct. 14 in Orlando, Florida – bringing together finance leaders and visionaries from across the globe.

Paystand, the global leader in blockchain-enabled B2B payments, today announced a series of upgrades to its Sage Intacct integration. Paystand first unveiled its partnership with Sage in May 2021, expanding the reach of its Payments-as-a-Service model to Sage Intacct customers everywhere.

Paystand today announced it will be a Gold sponsor at SuiteWorld 2022, Oracle NetSuite’s largest celebration for customers and partners that takes place September 27-30, 2022, at the Caesars Forum in Las Vegas & On Air. This year’s theme is “Full Suite Ahead,” with the conference promising four energy-packed days filled with networking opportunities and educational programming that will help NetSuite customers, partners, and developers discover new ways to leverage the full power of the suite.

For the third straight year, Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, has been named to the Inc. 5000 list of fastest-growing companies. With a growth rate of 876% over three years, Paystand’s momentum has continued to accelerate with its acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The new combined company has become 2022’s fastest-growing DeFi fintech unicorn.

Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, today announced the acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The deal represents one of the biggest technology unions in Mexico and LATAM and makes commercial blockchain-based solutions more accessible across the Americas.

Paystand, the leader in blockchain-enabled B2B payments, today launched the world’s first dynamic discounting application designed for seller accounts receivable (AR) teams and powered by Ethereum smart contracts. This is the first solution to enable seller AR teams to offer buyer accounts payable (AP) teams dynamic early payment discounts. Early payment discounts incentivize buyers to pay sooner and give Paystand AR teams earlier access to cash, reducing days sales outstanding (DSO). More than 400,000 buyer AP teams using the Paystand payments network can start reaping the benefits of early pay discounts and faster payment, using blockchain-powered smart contracts technology.

Paystand, the leader in blockchain-enabled B2B payments, and the maker of the fast growing and most innovative Payment SuiteApp for NetSuite AR, today announces new automatic billing and payment features to provide a faster, simpler and better customer and user experience. The new offerings work with Paystand’s current NetSuite AR solution to speed up time to cash, simplify complex billing processes and eliminate transaction costs.

Paystand – the leader in blockchain-enabled B2B payments – today introduced the first business expense card with native crypto rewards. A tech-forward spend management platform, the DeFi Corporate Card offers instant provisioning of virtual and physical cards, advanced spend controls, and real-time expense reporting alongside bitcoin rewards.

Paystand – the leader in blockchain-enabled B2B payments – today announced it has been purchasing Bitcoin (BTC) and Ether (ETH) on its balance sheet. This move marks a significant milestone for B2B SaaS companies and further legitimizes the emergence of cryptocurrency as a viable balance sheet asset. Paystand’s decision to accumulate and hold crypto underscores the company’s belief in the long-term value of digital currency and that owning DeFi assets will soon become essential for businesses in the 2020s and beyond.

Paystand – the leader in blockchain-enabled B2B payments – today announced its Gold sponsorship of Sage Transform, the premier event for the Sage community that will be held in Las Vegas, Nevada, from November 8th to 12th at the Venetian Resort. As the #1 customer-rated cloud-based financial management platform, Sage Intacct delivers cutting edge solutions to finance teams, and Sage Transform is slated to bring together industry veterans for sponsor exhibits, theater presentations, and networking events that will illuminate what’s next for leaders across the ERP industry.

Paystand – the leader in blockchain-enabled B2B payments – today announces Scott Bennion as the company’s first-ever Chief Financial Officer. As a SaaS and fintech veteran, Bennion has spent a distinguished career helping hyper-growth companies achieve scale, having previously led both Sage Intacct and Recurly through significant growth and acquisition. He now joins Paystand on the heels of the company’s recent $50MM Series C financing round as payment volume has surged past $2B and employee growth has exceeded 100% in the past year, with more than 250,000 businesses using the Paystand B2B payment network.

Paystand, the blockchain-enabled payment network for business, today announced another year of record-setting growth, with payment volume over its network accelerating past $2B. By doing so, Paystand becomes the fastest B2B payment company to reach this milestone, which comes amidst the larger fintech movement toward an open financial infrastructure.

Paystand, the blockchain-enabled payment network for business, today announced its $50 million Series C round of funding led by NewView Capital with participation from SoftBank’s Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital. This new round nearly doubles the funding Paystand raised in prior rounds and reflects the company’s triple-digit growth as it leads the movement for an open commercial finance system. Paystand will use this new capital to invest in redefining B2B payments to accelerate the shift to a more business-centric payment infrastructure. With the funding, Jazmin Medina of NewView Capital will join the board.

Paystand – the leader in blockchain enabled B2B payments – today announced the launch of Smart Lockbox, the digital-first alternative to traditional lockbox services. Now, for the first time, businesses will have the keys to unlock a fully paperless cash cycle from payer to merchant – one that incentivizes customers to move to a digitized payment model that eliminates manual tasks and lowers operational costs for finance teams.

Paystand – the fastest growing, blockchain-enabled B2B payments platform – today announced its partnership with Sage, the market leader in cloud business management solutions. The partnership enables a “Venmo for businesses” through Paystand’s B2B payment network, which is now integrated with the Sage Intacct cloud financial management system and is available via the Sage Intacct Marketplace.