Connecting people with payments
Why is it so hard to send money to someone in another country when it’s so easy to message them instantly? This was the question that led Ronnie Millar and Abdul Abdulkerimov to co-found Paysend in 2017. Today, Paysend’s global payments platform has more than 7 million registered customers and supports 170+ countries.
Paysend’s co-founder and CEO Ronnie Millar, explains how with NetSuite, they have been able to rapidly and efficiently expand from local to global.
Making payments easy
Paysend launched with “card-to-card” payments, linking the three largest global card players so customers could send money across borders to each other’s credit card accounts. Since then, it has expanded from Europe into North America, launched B2B offers, and grown to employ 300 staff worldwide. As Paysend grew internationally, the business needed to be able to work in multiple currencies and see real-time information so it could manage finances and complete the month-end close efficiently.
With offers for individuals, small and medium-sized business, and large corporates, Paysend is making instant, cross-border payments available anywhere, anytime, and in any currency. It does this with a unique platform that owns the entire value chain, removing the need for intermediaries that add cost and complexity.
Resources and Content
CFO's Guide to Structuring for Growth
When companies reach about $10 million in annual revenue, the systems and processes that got them there tend to stop working. Download this ebook and discover how to prep for that next stage of growth with new technology and processes.
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Act Global, Be Local
Multiple currencies, local accounting standards, and tax requirements make it harder to maintain clarity around your numbers and control costs. Download this guide and discover how cloud ERP can enable sustainable international expansion.
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NetSuite OneWorld
NetSuite OneWorld enables companies to manage multiple subsidiaries, business units, and legal entities, domestic or internationally from a single solution, providing real-time financial and operational visibility and control at the local, regional, and headquarters levels.
Learn moreWe’ve taken our business to the next level. We’ve gone from local to global, from thousands of transactions a month to millions, and from three currencies to sixty. We wouldn’t have been able to do any of these things without NetSuite. That’s what it delivers for us.”
Ronnie Millar
Visibility and Security for Agile and Accurate Decisions
Scale With Ease Worldwide
Global growth often brings complexity and challenge. NetSuite makes it easier. You can effortlessly integrate new geographies and “switch on” subsidiaries in new countries. Compliance with country-specific tax or sales rules is built-in, and NetSuite’s many integrations allow you to plug in other systems with ease. Learn More
Resilient Growth in the Face of Change
Economies and funding environments don’t stand still. By providing a clear, in-depth and real-time view of your business, NetSuite allows you to tell investors the best story, and provide assurance about how your business is run. This visibility is also your foundation for scenario planning and agile decisions.
Run With Maximum Efficiency
By replacing multiple disparate systems, NetSuite allows for greater efficiency and creates a “single source of truth” so data can be accessed and analysed easily. And with a variety of proven processes and metrics, it ensures that your business can be built on best practice from the start.
NetSuite OneWorld delivers three things that are essential to our business: efficiency, security, and intelligence.”
Ronnie Millar
See Why Paysend Chose the World’s #1 Cloud Business Management Software Suite.
Monitor, Scale, Adapt, Reinvent, and Grow with NetSuite:
The Only ERP You’ll Ever Need
Why You’ll Love NetSuite:
Gain instant visibility and control over your numbers.
Automate everything from financials, to ERP, HR, inventory, planning, and budgeting.
Collaborate across your organisation so you can make better decisions, faster.
Scale with industry leading software that will grow with you.
Discover why 36K+ business leaders trust NetSuite.
