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Paystand raises $20m to modernize B2B payments with blockchain

California based B2B payments platform on the blockchain raised a $20m Series B led by DNX Ventures.

“It’s like Venmo for complicated transactions for commerce,” Almond said. “We are rebooting the financial infrastructure because a lot of it was built pre-internet. It holds companies back. We’re coming in with a new business model, doing payments-as-a-service.”

Tags

blockchain, payments, b2b