Full-Time
Confirmed live in the last 24 hours
Digital payment processing for B2B clients
$160k - $200kAnnually
Mid, Senior
Santa Cruz, CA, USA
All roles are on-site only.
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Paystand provides a digital payment processing platform designed for business-to-business (B2B) clients in the financial technology sector. The platform allows businesses to accept payments online, improving customer experiences and simplifying financial operations. Paystand operates on a Payments-as-a-Service model, charging a fixed monthly or annual fee instead of traditional per-transaction fees. This approach helps businesses better predict their costs and can lead to savings, especially for those with high transaction volumes. Key features of the platform include real-time updates and analytics for better cash flow management, as well as embedded payment links in invoices to facilitate easier payments. Clients like Motorola and Thumbtack have reported significant cost reductions and improvements in cash flow metrics after using Paystand. The company's goal is to help businesses reduce costs, enhance cash flow forecasting, and improve overall customer satisfaction.
Company Size
201-500
Company Stage
Series C
Total Funding
$75.9M
Headquarters
Scotts Valley, California
Founded
2013
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Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Paid Sick Leave
401(k) Retirement Plan
401(k) Company Match
Stock Options
In the face of record-setting prices for Bitcoin and the robustness of the blockchain ecosystem, Paystand, the fintech leader in blockchain-enabled B2B payments, was recognized on the Deloitte Technology Fast 500(TM).
The B2B landscape is undergoing a profound transformation, driven by a confluence of technological advancements, evolving business expectations, and the unrelenting push toward greater efficiency. At the center of this change is the surging digitization of B2B payments, which are emerging as levers for innovation, competitiveness and growth as firms recognize that modernizing their payment processes is crucial not just for efficiency, but also for ensuring security, improving cash flow management and enabling real-time insights into financial operations. That’s why PYMNTS tracks the latest advances shaping tomorrow’s B2B landscape. The top themes we heard this week were around access to capital, cross-border payments and marketplaces, and the broader digitization of legacy workflows across B2B payments and operations
Cumula 3 and Paystand have partnered to offer NetSuite users a way to leverage simplified transactions, zero transaction fees and improved cash flow management.In this new partnership, Paystand’s B2B payment platform will be integrated into Cumula 3’s portfolio of cloud-based solutions for NetSuite, the companies said in a Wednesday (Aug. 21) press release.“We are excited about our partnership with Paystand, as it allows us to offer our clients a comprehensive solution that combines the power of cloud computing with modern payment technologies,” Gaetjens Cadet, vice president of business development at Cumula 3, said in the release.Cumula 3 provides cloud-based solutions that are designed to optimize business processes, drive innovation, be scalable and be secure, according to the release.Paystand’s payment platform helps businesses reduce their reliance on outdated payment methods and improve their reconciliation processes by digitizing and automating their financial transactions, the release said.Together, with that platform integrated into Cumula 3’s offerings, these capabilities aim to help businesses achieve greater operational efficiency and accelerate their digital transformation, per the release.“Our partnership with Cumula 3 represents a significant step towards modernizing B2B payments,” Max Robbins, vice president of partnerships at Paystand, said in the release. “Together, we are empowering businesses to adopt a digital-first approach to finance, ensuring they remain competitive in today’s fast-paced economy.”This new partnership comes about four months after Paystand acquired spend management software provider Teampay to create a unified financial platform that covers both accounts receivable (AR) and accounts payable.The acquisition added spend management solutions to Paystand’s capabilities that already included those offered by its blockchain-based platform that automates AR, reduces days sales outstanding (DSO) and eliminates transaction fees.“It offers enhanced control over both receivables and payables, delivering a direct [return on investment (ROI)]through greater efficiency and significant payment savings,” Paystand CEO Jeremy Almond said in an April blog post.Also in April, Paystand brought full payments integration to Microsoft Dynamics 365 Business Center, with the B2B receivables, payables and payments network also offering support for Microsoft’s Dynamics NAV, Dynamics GP, Dynamics AX and Dynamics 365 Finance.For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter
Paystand, the global leader in blockchain-enabled B2B payments, today announces the appointment of Allison Grieb as chief sales officer.