PayStand Named 3rd Fastest Private Company by Silicon Valley Business Journal

No. 3: Paystand Inc. 

  • Growth rate: 411%

  • 2018 revenue: $1,909,025

  • 2019 revenue: $4,452,965

  • 2020 revenue: $9,746,872

Company description: Using blockchain and cloud technology, the financial technology company has pioneered payments-as-a-service to automate the enterprise cash cycle. 

CEO: Jeremy Almond

Industry: Financial technology

Headquarters: Scotts Valley

Employees in 2019: 27

Employees now: 119

Website: paystand.com

To what do you attribute your growth over the last three years?

In August 2020, Paystand announced record-setting growth of 1,007% and 150 new enterprise customers. 

For the past three years, Paystand has seen an acceleration in growth as a direct result of a critical business need to better manage payments and cashflow — something the company’s software provides by helping unlock billions in economic value that is held up in overdue receivables and siphoned away by outdated accounts receivable processes and payment fees.

Doug EricksonPaystand