Send Payments
Overview
Send Payments is a Sydney-based cross-border payments provider that specializes in facilitating international money transfers without traditional banking restrictions. Founded in 2018 by Alexandra Rofe, Ian Cragg, and Paul Billing, Send Payments has become a key player in the fintech industry, focused on enhancing the global payments infrastructure. The company recently raised $5 million, bolstering its operations and broadening its strategic outreach.
Recent Developments
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August 2025: Send Payments announced a $5 million funding round and named a new CEO, Matt Barr. This move is seen as a step to expand its enterprise partner network by focusing on industries such as legal, banking, financial services, and fintech. source
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July 2025: The company is increasing its focus on regulatory compliance and reporting with plans to enhance its technology to improve customer experience and security.
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April 2025: Send Payments enhanced its partnership with PEXA to streamline international payment processes for legal practitioners and conveyancers, showcasing its capability in simplifying complex cross-border transactions.
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January 2025: A strategic move to integrate AI into their operational framework was highlighted during the Relevance AI event, indicating the company's commitment to leveraging advanced technologies for transaction processing.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | Sydney, Australia |
| Founders | Alexandra Rofe, Ian Cragg, Paul Billing |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Shaw and Partners, Regal Partners |
| Industry | Financial Services, Fintech |
| Number of Employees | 41 - 50 |
Early History
Send Payments was established with a mission to bridge the gap in the global money transfer ecosystem by providing seamless cross-border payment solutions. The company quickly gained traction by allowing users to transact in multiple currencies through international wallets, positioning itself as a flexible and innovative alternative to traditional banking methods. By focusing on removing geographical barriers in the financial space, Send Payments has paved the way for more efficient, real-time transactions that cater to both individual and enterprise customers.
Company Profile and Achievements
Send Payments operates on a business model that focuses on its Global Payments Infrastructure-as-a-Service (GPIaaS). By offering a unified API, the company allows businesses to integrate currency conversion, payment network access, and regulatory compliance into their services without the burden of in-house licensing or compliance challenges.
- 2019: Introduced multi-currency wallet solutions catering to businesses and individuals.
- 2020: Partnered with PEXA, enhancing legal sector transactions through integrated payment solutions.
Major achievements include establishing a robust network that connects enterprises globally, enabling them to process transactions in over 37 currencies. The firm's dedication to innovation is further underscored by its recent moves to incorporate AI technology in enhancing operational efficiency.
Current Operations and Market Position
Currently, Send Payments is actively expanding its market presence by focusing on enterprise customers and leveraging its scalable payment infrastructure. The company's strategic partnerships and investment in technology emphasize its competitive edge in the fintech industry. Send Payments is strategically positioning itself to be a leading global payments infrastructure provider, capable of delivering secure, seamless, and cost-effective solutions.
Conclusion
Send Payments represents a transformative approach to cross-border financial transactions, with its innovative platform positioned to disrupt traditional banking limitations. The company's commitment to technological advancements and partnerships reflects its potential trajectory to significantly influence global fintech landscapes. As Send Payments further establishes its enterprise network and expands its product offerings, it stands poised to redefine value in the global payments industry.