| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | $165M total |
| Collapse type | Mass Layoff Spiral |
| Founder | Ronald Millar |
Paysend Layoffs
"The UK remittance fintech that raised $165M to challenge Wise — and cut 30% of staff as competition erased its pricing advantage"
Cascading layoffs that accelerated the decline
Key Events Timeline
Paysend built a cross-border card-to-card payment platform targeting the global remittance market, raising $165M and claiming 7M+ users in 150+ countries.
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