| Founded | 2013 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Fintech |
| Collapse type | Mass Layoff Spiral |
| Founder | Jeremy Almond |
PayStand
"Fee-free B2B payments promised blockchain disruption but burned cash before breaking even."
Cascading layoffs that accelerated the decline
Key Events Timeline
PayStand, a B2B payments and accounts receivable automation company led by CEO Jeremy Almond, raised $85M to eliminate transaction fees using blockchain rails.
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