# Paystand

Paystand is an Asset Manager based in Scotts Valley, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Scotts Valley, United States
- **Region:** North America
- **Address:** Scotts Valley, CA, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** paystand.com
- **LinkedIn:** https://www.linkedin.com/company/paystand

## Regulatory record

- **Reports private funds:** No

## About

Automate AR, expenses, reconciliation, and global payouts while reducing operational overhead.

## Sectors

- FinTech
- Enterprise Software

## People

- Jeremy Almond — Co-Founder & CEO
- Scott Campbell — Co-Founder & Head of Solutions
- Mark Hassin — COO
- Scott Bennion — CFO
- Sergio Almaguer — Chief Product Officer
- Allison Grieb — Chief Sales Officer
- Mike Parks — SVP of Operations
- Alexandra Navarro — Chief of Impact
- Meridith Perry — Teampay General Manager
- Sam Smith — VP of Customer Experience
- Chris Jacobson — VP of Product

## Questions

### Who runs investment decisions at Paystand?

Paystand is a venture-backed operating company, not an investment firm. Strategic and financial decisions are managed by CEO and co-founder Jeremy Almond alongside the executive leadership team, reporting to a board that includes investors from BlueRun Ventures, Cervin Ventures, and Leap Global Partners.

### How does Paystand process B2B payments on-chain?

Paystand settles transactions on blockchain infrastructure, which it describes as a shared, programmable, real-time ledger. The firm reports that the on-chain architecture eliminates the per-transaction fees typical of card and bank-interchange networks, enabling instant cross-border settlement in vendor currency across 190 countries.

### What is the difference between agentic and autonomous AI on the Paystand network?

Agentic AI pursues specified goals with human supervision — for example, drafting collection emails or enforcing spend policy — while autonomous AI operates without continuous human intervention, handling tasks such as cash application and payment routing. Both systems run inside Paystand's payment network and post directly to the customer's ERP.

### How does Paystand make money if it charges zero transaction fees?

The firm operates on a flat monthly subscription model calibrated to payment volume, capability mix, and ERP integrations. Paystand states that as a customer's payment volume scales, the cost to collect decreases, aiming to align the software's economic incentives with cost reduction rather than transaction growth.

### Does Paystand participate in fund commitments or direct investing?

Paystand is not an investment entity. It is an operating technology company building a payments network for B2B enterprises. The firm was founded in 2013 and has raised venture capital to fund product development and acquisitions such as Yaydoo and Teampay.

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Last updated: 2026-06-03T20:00:00.000Z

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