.jpg)
6 hours ago
1
Article content
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Paystand Expands Blockchain Tech Across the Americas; Joins Ranks with the World’s Most Prominent Financial Innovators
Article content
Article content
SANTA CRUZ, Calif. — Paystand, the global leader in blockchain-enabled payments and financial services, has broken into CNBC/Statista’s list of the world’s 300 top fintech companies. Identified by CNBC in 2018 as one of the top 100 promising startups to watch, the company has now made the leap to the CNBC/Statista list of elite fintechs globally.
Article content
Paystand was specifically ranked among the top 75 companies globally in the payments category, recognizing Paystand’s market role as a blockchain-based payments company that is reshaping how money moves between businesses.
Article content
Article content
The CNBC/Statista list is an annual ranking of the top global fintech companies based on in-depth research into relevant KPIs for more than 2,000 eligible companies. The 2025 list includes Stripe, valued at $91+ billion, and Klarna. The payments category accounts for 25% of the companies included. Of the 75 companies highlighted on the Payments list, Paystand and 23 others made the list for the first time.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
According to Statista data, the fintech industry has transformed the global financial landscape over the last decade, and while investment activity has slowed in the segment over the last two years, the number of global fintech users reached 3 billion in 2024.
Article content
Paystand’s technology harnesses the power of the bitcoin blockchain to provide digital alternatives that align with decentralized finance. By helping customers move away from the manual work of checks and the heavy fees of credit cards, it can cut customers’ costs by 50% or more and they get the added benefit of receiving their cash 30% faster, while also automating reconciliation processes.
Article content
“We’re honored to be named to CNBC’s Top Global Fintech list and proud of the trajectory that brought us here—from the 2018 Startups to Watch list to powering the largest on-chain use case in B2B payments today,” said Jeremy Almond, CEO of Paystand. “While most fintechs chase capital, we’ve built capital-efficient, decentralized infrastructure that helps businesses in the real economy escape the predatory nature of the legacy financial system.”
Article content
To date, the company has processed more than $14 billion on its network, all without transaction fees. Last year, Paystand acquired TeamPay and extended its reach to more than 1 million payers.
Article content
“This isn’t just a win for us,” Almond continued. “It’s a milestone in the quiet revolution toward a Bitcoin-native, open financial network that drives economic empowerment for companies and people alike.”
Article content
Paystand has achieved numerous recent milestones, including:
Article content
- Expansion into Canada—rolling out all Paystand platform benefits to Canadian users, including the EFT rail (like ACH for the U.S.)
- Deep ERP integrations with Acumatica and Microsoft Dynamics Business Central, following integrations with NetSuite and Sage Intacct
- New ZeroCheck solution that gives businesses tools to transition their check-paying customers to digital users by allowing them to photograph checks and convert the payments to digital payments
- New AI Smart Match, Paystand’s novel AI that automatically detects and reconciles externally made direct deposits straight into the ERP
Article content
Article content
Founded on blockchain and Bitcoin, Paystand has pioneered the rollout of a corporate Bitcoin strategy and is benefitting from additional opportunities in a more positive regulatory environment. Also, the company is making bitcoin investments via its philanthropic organization, Paystand.org, which promotes financial inclusion via blockchain and Bitcoin, fostering equitable finance and circular economies in underserved communities.
Article content
In addition to processing billions in payments with its proprietary Assurety blockchain ledger, today Paystand is already enabling employee compensation in bitcoin as well as developing company-wide Bitcoin education.
Article content
Complete results of the CNBC/Statista rankings can be found here.
Article content
About Paystand
Article content
Article content
is the largest blockchain-enabled network for zero-fee B2B receivables, payables, and payments. Driven by its commitment to a resilient and decentralized financial ecosystem, Paystand is on a mission to digitize receivables, automate payment processing, reduce time-to-cash, eliminate transaction fees, and unlock new revenue opportunities across the U.S., LATAM, and Canada. For more information about Paystand, visit us at
Article content
Article content
. Follow our
Article content
Article content
, and connect with us on
Article content
Article content
and
Article content
Article content
.
Article content
Article content
Article content
Article content
View source version on businesswire.com:
Article content
Article content
Article content
Contacts
Article content
Media Contact:
Article content
Article content
Erica Zeidenberg
Article content
Article content
PR for Paystand Inc.
Article content
Article content
Article content
Article content
925-518-8159
Article content
Article content
English (US)