Over the past four years, Paysend has grown by 14,498%.
Miami startups raised $4.6 billion in 2021.
According to the press release, the move reaffirms Miami‘s status as America’s new financial capital, as a growing number of venture capital firms and fintech startups are flocking to the area to take advantage of its proximity to Latin American markets and influxes of top entrepreneurial and technology talent.
“We see Miami as a strategically important location for Paysend so opening our Americas headquarters in Miami was a logical step for us to take advantage of the leading entrepreneurial ecosystem and dominant talent pool thats developing there. We recently consolidated our Americas areas – Canada, America and Latin America – into one region and Miami provides the best location to serve our customers in those areas as well as providing a bridge into the Caribbean and Central America,” Abdul Abdulkerimov, Founder and Chairman at Paysend, commented about the announcement.
Paysend in Numbers
Paysend has grown 14,498% over the past four years and is trusted by consumers in over 150 countries globally. In addition, Paysend recently expanded its cross-border money transfer services for customers, including those in Latin America, thanks to partnerships with MOVii, Colombias leading mobile wallet service, Visa Direct and Mastercard Send.
“The US and Latin America are home to the largest remittance markets in the world and the ability to build networks and relationships in both North and South America are crucial as Paysend looks to grow our footprint in these major markets. Opening our Americas headquarters in Miami will help us to get closer to our partners and customers, and continue to make digital money transfers more widely available and accessible,” Jairo Riveros, Chief Strategy Officer and Managing Director for the USA and LATAM at Paysend, pointed out.
