Paysend raises $25M to accelerate global expansion
London-based fintech company Paysend has secured a fresh $25 million in follow-on funding from growth lender Claret Capital, bolstering its push to scale a global cross-border payments network that already reaches more than 170 countries.
The new capital injection comes as digital money transfer specialists, including Wise, Airwallex and Revolut, intensify their efforts to capture a share of a rapidly expanding $238 billion international payments market.
Strengthening position in cross-border payments
The funding will be used to deepen Paysend‘s coverage in existing markets, enhance its technology stack and improve the speed and reliability of its remittance and international money transfer services. The company aims to make low-cost, instant transfers available to more consumers and small businesses, particularly in emerging markets where access to traditional banking remains limited.
By expanding its network to over 170 countries, Paysend is positioning itself as a direct competitor to established players in digital payments and fintech-driven banking alternatives. The firm is expected to invest in compliance, fraud prevention and regulatory capabilities to support its global footprint.
Rising competition in a $238B market
The cross-border payments sector is undergoing rapid transformation as customers demand lower fees, faster transfers and more transparent exchange rates. Rivals such as Wise, Airwallex and Revolut have all scaled aggressively, leveraging fintech innovation to challenge traditional banks and legacy money transfer operators.
Analysts note that access to flexible growth capital, such as the follow-on funding provided by Claret Capital, is becoming a key differentiator for companies racing to build global payments infrastructure. With this latest round, Paysend gains additional firepower to compete in one of the most contested segments of modern financial services.