Thursday, November 16, 2017

PayStand Gets $6M For Blockchain-based Business Payments

Scotts Valley-based PayStand, a developer of B2B payment systems for businesses, has raised $6M in a Series A funding, to help automate business accounts receivable and payables. The funding was led by BlueRun Ventures, and also included Cervin Ventures, Serra Ventures, TiE and Capital for Founders. PayStand says it is using automation, customization, and blockchain technology for its service, with blockchain serving as the core technology behind its B2B payments. PayStand is led by Jeremy Almond.