Paystand Blockchain-enabled B2B payment platform

Market position

Paystand describes a network of more than 1 million businesses moving over $20 billion, formed in part by combining its own base of roughly 800,000 companies and $10 billion in processed transactions with Teampay's 250,000 companies. At the time of the Teampay deal it claimed volume equal to nearly 2% of annual U.S. B2B payments, and it has been named a G2 Leader. It positions itself against payment software vendors that automate workflows but do not own the underlying payment rails.

The company's stated distinction is owning both the automation layer and the network where money moves, allowing zero-fee network payments, same-day settlement via USDb and elimination of wire and FX charges, in contrast to providers that rely on third-party payment rails and per-transaction pricing.

Technology

The Paystand Bank Network uses the Ethereum blockchain as its settlement engine, enabling zero-fee B2B payments. The company has since introduced USDb, a digital dollar for business payments that settles same-day and carries business context and compliance information. Layered on top are AI agents that automate collections, cash application, reconciliation, spend approvals, receipt collection, transaction coding and reporting, plus native integrations with ERP systems including NetSuite, Sage and Microsoft Dynamics 365 Business Central.

Go-to-market

Direct enterprise sales through demo requests and ROI analyses, supported by ERP partnerships and integrations with NetSuite, Sage and Microsoft Dynamics 365 Business Central, and by customer case studies and third-party review sites.

Finance organizations and the office of the CFO at businesses that need to automate accounts receivable, accounts payable, expense control and cross-border disbursements, including companies paying employees, contractors and freelancers internationally.

Geography

Headquartered in California, with cross-border payroll support in more than 190 countries and, through Bitwage, payout coverage in nearly 200 countries using stablecoins, bitcoin or about 80 fiat currencies.

History

Founded in 2014, Paystand has grown substantially through acquisition. It purchased Mexican B2B payments company Yaydoo in May 2022, spend management software startup Teampay in April 2024 — retaining the Teampay brand because of its market recognition — and crypto payroll and contractor payments platform Bitwage in November 2025. Along the way it formed ERP alliances with NetSuite, Sage and Microsoft Dynamics 365 Business Central, and it has raised $117 million in capital, most recently $31 million in August 2022 at a $1 billion post-money valuation.

Risks & controversies

Chief executive Jeremy Almond has acknowledged that blockchain, bitcoin and decentralized finance networks carry their own problems and that many observers consider decentralized finance not yet ready, positioning market skepticism as a barrier the company must overcome. The business also depends on integrating three acquired companies and on evolving regulatory regimes for stablecoin and crypto payments.