ABOUT PAYSTAND Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire cash lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. For the past century, business payments have struggled to keep up with digitization. Every other part of the enterprise has gone digital, yet commercial finance has been left behind in an analog world plagued by costly fees, inefficient systems, and paper-driven processes. It’s time for a more seamless, simple, and intuitive way to manage transactions. We created Paystand to eliminate fees, digitize the cash cycle, and create a self-driving money experience for businesses. In 2013, Paystand dove headfirst into the uncharted waters of reinventing commercial finance. Inspired by pioneers taking sales and marketing into the cloud to become faster and more efficient, it was easy to imagine a better financial system where making a transaction was as simple, fast, and intuitive as calling an Uber or Lyft. One where artificial intelligence could analyze an entire business and recommend customized improvements for each customer, based on their payments history. Unfortunately, most payments solutions drain time and revenue. They charge outrageous fees, are hampered down by hidden costs and gatekeepers, and distract you from the important tasks that scale revenue. We asked ourselves one simple question: what would business payments look like if we built them from scratch today? #NoPaper How can you empower revenue and build an innovative business if paper-driven processes are limiting your potential? #NoFees You shouldn’t be penalized every time you make a sale. It’s time to replace transaction fees with one flat monthly rate. #OpenIndustry Removing gatekeepers will advance our industry and lead to lower costs, better security, and nearly instant transactions. So we’re building a solution that changes that. ABOUT JEREMY ALMOND Jeremy has spent the last 15 years in the tech-industry as a serial entrepreneur, startup adviser, and occasional investor. Jeremy has helped dozens of B2B companies drive adoption of digital commerce, and is still an active board member at a number of fintech companies. He started his career in technology as an engineer at nanotech startup Digital Instruments, which was acquired by Veeco (NASDAQ: VECO). At Veeco he led architecture, helping the company shrink massive computers down to devices that now fit in our pockets. He also led their global ERP implementation (15 years ago) where he got his first glimpse into the challenges of enterprise payments. He’s been thinking about how to use technology to innovate in B2B financial services ever since. Jeremy holds a BS in Computer Engineering from the University of California and a Masters in Business from the University of Massachusetts. Finance Monthly FinTech Awards 2023. USA 35
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