Scotts Valley, CA
Paystand is the largest B2B receivables, payables and payments network running on a commercial blockchain. It is the only zero-fee B2B payments option for the world’s two leading ERPs (enterprise resource planners) NetSuite and Sage Intacct. The company attained unicorn status in the summer of 2022 with its acquisition of Mexico-based Yaydoo, the LATAM leader in accounts payable, cash flow management, and liquidity solutions. Today, Paystand has a significant presence across the United States and Latin America, with $5 billion in payments volume and more than 500,000 corporate customers. Paystand makes it possible for businesses to eliminate paper checks and digitize receivables while automating payment processing. Their Payments-as-a-Service (PaaS) model offers a monthly flat rate and zero-fee transactions, so Paystand clients can scale their revenue without scaling their fees. Paystand also recently released the world’s first Ethereum-based dynamic discounting application that allows AR (accounts receivable) teams to offer buyers a discount if they pay early, giving businesses quicker access to cash and reducing DSO (days sales outstanding).