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paystand
Overview
Paystand is a rapidly growing FinTech company revolutionizing B2B payments through its blockchain-based platform. By offering a zero-fee payment network, Paystand disrupts traditional transaction models, empowering businesses to eliminate fees, accelerate cash flow, and improve operational efficiency. The company's focus on Account-to-Account (A2A) payments and its commitment to secure, transparent transactions position it as a leading innovator in the digital payments landscape, challenging established players like credit card networks and legacy ACH systems.
paystand's headcount breakdown by department
| Department | HeadCount |
|---|---|
Administrative | 1 |
Consulting | 2 |
Service | 10 |
Design | 3 |
Education | 0 |
Paystand's departmental structure highlights a strong emphasis on both technological innovation and aggressive market penetration, characteristic of a venture-backed FinTech disrupter. The substantial Technical team (44 employees) signals a commitment to developing and maintaining a cutting-edge platform built on blockchain technology. The equally robust Sales team (43 employees) indicates a concerted effort to acquire customers and drive adoption of Paystand's payment solutions. The Marketing team (16 employees) plays a crucial role in building brand awareness and generating leads in a competitive market. While Customer Service (10 employees) and Operations (7 employees) are smaller, this suggests a level of platform automation and efficient scaling potential. The presence of an 'Other Department' with a sizable workforce (23 employees) likely encompasses specialized functions or project-based teams crucial to supporting rapid growth. The lean teams in Product (2), Consulting (2) and Project Management (4), highlight a focus on initial product build out followed by execution. Small Finance (9) and HR (6) teams suggest streamlined internal operations as Paystand scales. Overall, the workforce distribution reflects a strategic investment in technology, sales, and marketing, aligning with the company's goal to establish a dominant position in the B2B payment space.
paystand's employees by locations
Employee Count by Country
Total: 186 employees
Paystand's workforce is strategically concentrated in North America (primarily the United States, with 104 employees) and Latin America (Mexico, with 79 employees), revealing a focus on serving the North American market while leveraging cost-effective resources. The significant presence in Mexico likely provides access to skilled technical and customer support talent at a competitive cost, supporting the company's growth and operational efficiency. The relatively small number of employees in India (1), Canada (1) and Spain (1) suggests initial steps towards international expansion, potentially for specific roles or to support future growth into new markets. The absence of a significant presence in other regions suggests that Paystand is primarily focused on penetrating the North American market before pursuing broader global expansion. This regional strategy aligns with a business model that targets North American businesses seeking cost-effective and innovative payment solutions, with a nearshore operation in Mexico to support its objectives.
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