Paystand Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Paystand Strengths, Domain Expertise, and Key Differentiators

Paystand’s key differentiator lies in its commercial blockchain infrastructure that underpins a zero-fee, smart payments network, unlike traditional fintechs that merely overlay legacy banking rails. Its SaaS-based, API-first platform seamlessly integrates with leading ERP solutions such as NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, and Xero. Recent innovations such as Smart Treasury Management and Instant Bill Pay reflect its Gen AI-driven roadmap—automating decision-making, forecasting, and transaction execution at scale. With smart lockbox services, real-time reconciliation, digital wallets, and native support for secure digital ledgers, Paystand’s platform is future-ready, secure, and built for CFOs seeking intelligent, automated, and IoT-aware financial infrastructure.

Paystand Recent Developments

Paystand continues to assert itself as a trailblazer in the B2B payments space through bold innovation and market expansion. In 2024, Paystand made significant headlines with its acquisition of Teampay, a top-tier spend management platform, further reinforcing its leadership in blockchain-enabled, cloud-native enterprise finance solutions.

This strategic move integrates Paystand’s strengths in accounts receivable automation with Teampay’s capabilities in accounts payable and expense management, creating a unified platform that promises true end-to-end financial operations. Simultaneously, Paystand’s expansion into Canada with its zero-fee blockchain payments network reflects its aggressive push to modernize North American financial infrastructure. Revenue data remains privately held, but continued accolades from Inc. 5000, Deloitte, and the Financial Times validate its sustained growth trajectory and industry influence.

Paystand Mergers and Acquisitions (M&A) Activities

The Teampay acquisition in April 2024 stands as a milestone in Paystand’s journey to build a decentralized finance (DeFi) fabric for enterprise payments. This follows the earlier acquisition of Mexico-based Yaydoo in 2022, expanding Paystand’s footprint into Latin America, including markets like Colombia, Peru, and Chile.

These M&A activities are strategically aligned with the company’s vision to deliver a seamless, blockchain-powered experience across AR, AP, and expense management. Supported by institutional players like Stifel Venture Banking, Paystand is capitalizing on fintech market consolidation by acquiring proven innovators and integrating their strengths into its holistic platform, while signaling broader ambitions for global expansion.

Paystand Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Paystand applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Paystand and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Paystand, Paystand Smart Lockbox, Paystand Spend customers.

Paystand Key Enterprise and Cloud Applications

Paystand, Paystand Smart Lockbox, Paystand Spend

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Paystand Direct vs Indirect sales

Paystand Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Paystand Customers

No. of Paystand Customers: 800000

No. of Paystand Enterprise Applications Customers: x

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With more than 1 million businesses now participating in the Paystand–Teampay network and over $10 billion in processed transactions, the company is seeing tangible network effects. Clients span diverse industries including healthcare, insurance, manufacturing, hospitality, energy, and retail.

Notable customers include Motorola Solutions, Eden Equipment, Cotopaxi, Elenteny Imports, Thumbtack, and Edgewood Healthcare. This broad enterprise appeal is driven by Paystand’s ability to eliminate transaction fees, reduce days sales outstanding (DSO) by up to 80%, and cut AR costs by nearly half—all while maintaining compliance and integration with critical financial systems of record.

Paystand Market Opportunities, M&A and Geo Expansions

Horizontally, Paystand is uniquely positioned to disrupt both the AR and AP automation markets, especially as businesses seek digital transformation in a post-pandemic economy that prioritizes cash flow, resiliency, and real-time visibility. Vertically, the platform has demonstrated traction in high-volume, invoice-heavy sectors like manufacturing, logistics, real estate, and healthcare.

The expansion into Canada opens new regional market potential, especially amid rising demand for secure, real-time EFT alternatives and digital treasury automation. As adoption of Gen AI accelerates, Paystand’s ability to embed intelligence and automation into financial workflows presents a compelling competitive edge in future-forward finance operations.

Paystand Risks and Challenges

Despite its momentum, Paystand faces several external and internal risks. Geopolitical and regulatory uncertainties around blockchain and digital payments could affect cross-border operations. Additionally, as the company scales, maintaining seamless ecosystem collaboration, particularly with ERP and implementation partners, becomes critical.

Cybersecurity and fraud mitigation remain high-stakes challenges in payment platforms, especially as adversaries exploit digital vulnerabilities. Further, differentiation from traditional banks and fintechs must be consistently communicated in a market crowded with “me-too” automation vendors. Its go-to-market success will hinge on sustained partner alignment and education to drive adoption beyond early innovators.

Paystand Ecosystem, Partners, Resellers and SI

Paystand operates a hybrid go-to-market strategy that combines direct sales with a robust partner ecosystem of ERP providers, VARs, and systems integrators. Strategic alliances with Beyond Cloud Consulting, Salora ERP, and Databasics illustrate its commitment to embedding value into customer workflows through collaborative delivery. These partners enhance Paystand’s reach across NetSuite, Sage, Magento, and other ERP ecosystems—multiplying touchpoints for customer engagement and solution extensibility.

The Paystand Partner Program further enables technology integrators to deliver industry-specific configurations, driving network effects and reducing time-to-value. With over 800,000 companies already active on its blockchain rail, Paystand is building more than a product—it's architecting a decentralized, intelligent financial ecosystem designed for the future of business.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: