Paystand

Paystand

Paystand launched in 2013 under CEO and co-founder Jeremy Almond with the explicit thesis that commercial finance remained an analog outlier in a digitized economy. Almond and co-founder Scott Campbell, a former Google product leader, designed the company to eliminate transaction fees and paper-driven processes entirely, substituting a flat subscription model for a payment network that settles on-chain. Early backers include BlueRun Ventures' Jonathan Ebinger, the first institutional investor in PayPal. The firm operates a business payment network spanning accounts receivable, expense management, and global payouts — all governed by embedded AI. On the receivables side, agentic AI identifies payment risk and drafts collection communications, while autonomous AI handles cash application at settlement and ERP reconciliation. Expense automation enforces spend policy before transactions clear, routing approvals through Slack and Teams. Global payouts run dual OFAC screening and settle via on-chain rails in vendor currency, covering over 190 countries. Paystand supports native ERP integrations with NetSuite, Sage Intacct, Microsoft Dynamics 365, and Acumatica. Named customer outcomes include Covetrus cutting days sales outstanding by 80% and Copper shortening its financial close from more than 14 days to 3–4 days. The firm is headquartered in Scotts Valley, California, and operates without publicly disclosed AUM or deployment totals. Paystand acquired spend-management platform Teampay — now led by General Manager Meridith Perry — to extend its reach across expense automation. The executive team blends FinTech operators from Tipalti, Recurly, Sage Intacct, and Virgin Mobile with entrepreneurial talent including Sergio Almaguer, the founder of former acquisition Yaydoo. In 2026, Paystand was named a G2 Mid-Market Accounts Receivable Leader and appeared on Capterra's Shortlist (per the firm, 2026). The architecture of Paystand departs from conventional payment processors by treating the payment network as a programmable, AI-native ledger. Unlike firms that layer analytics on top of third-party rails, Paystand embeds execution logic — collections, reconciliation, policy enforcement — inside the infrastructure itself. That design shifts the economic model from per-transaction fees to a flat subscription, which the firm claims aligns its software economics with customer cost reduction rather than payment volume growth.