The City provides an ideal environment for the company to expand following multiple achievements, including recent acquisitions
SANTA CRUZ, Calif.–(Business Wire/AETOSWire)–Payment kioskGoogle, the global leader in blockchain-based payments and financial services, announced the opening of its new headquarters in downtown Santa Cruz, offices previously occupied by Google. The return to its Santa Cruz roots highlights the fintech company’s longstanding dedication to fostering economic growth in Santa Cruz, including working with local businesses to incentivize them to accept Bitcoin.
Paystand’s long-term commitment to Santa Cruz
A ribbon-cutting event held Jan. 13 for the new headquarters highlighted Paystand’s commitment to Santa Cruz.
Secluded from traditional Silicon Valley and high up on the mountain, Santa Cruz has a unique atmosphere that Paystand CEO Jeremy Almond will always cherish.
When Almond was asked why he resisted calls to move to Silicon Valley, he responded: “Santa Cruz and downtown have always been at the heart of Paystand’s origin story — it’s where we started on day one, and now we plan for it to remain our headquarters as we continue to grow. It embodies the spirit of Paystand.” Bold and non-conformist.
“This new office symbolizes the investment in the community that has supported us since our beginnings. While we are proud to anchor our vision and headquarter our global operations in Santa Cruz, we are also looking to the future: our goal is to establish offices around the world, drive innovation and build a decentralized financial ecosystem that empowers companies around the world.” Almond said: “We are at the beginning of what we are working to achieve, and we could not have chosen a better place to call our home.”
He continued, “With a thriving downtown, outdoor, walkable environment and a beautiful beachfront location, Santa Cruz is a great place to work and live. And with UC Santa Cruz nearby, we have an excellent source of talented engineers and creatives.”
Almond came to the city in 2009 to start working at a payments company, and it was there that he found some of his first investors, including the Central Coast Angels. He was also in Santa Cruz when he won several local awards, including TECHie of the Year in 2018 and Titans of Tech in 2019.
Very few venture-funded fintech companies have been able to scale to the level of impact that Paystand has achieved. It has recently completed two acquisitions (Yaydoo and Teampay). Over the past year, Paystand has also achieved a number of milestones, introducing new products to help finance teams better manage, control and access their money. These include:
- $14 billion in transactions
- Over 1 million businesses on the unique blockchain-enabled B2B payment network
- Roughly 1% of annual ACH payments go through Paystand
- the launch of Paystand.org, which promotes financial inclusion via blockchain and Bitcoin, with a focus on underserved communities; Partnering with 10 organizations in six countries and helping an estimated 40,000 individuals
- It has been named to the Deloitte Technology Fast 500 list of America’s fastest-growing companies for the second year in a row, as well as being named to Inc. 5000 fastest growing list for the fifth year in a row.
Pictures are available here
About Baystand
Paystand is revolutionizing the financial ecosystem to create an open trade finance system. By leveraging blockchain technology, Paystand has built the world’s first zero-fee payment network, enabling millions of businesses to digitize receivables, automate payment processing, reduce time to cash, eliminate transaction fees, and open new revenue opportunities across the U.S. LATAM . And Canada.
Paystand is the largest B2B receivables, payables and payments network, powered by blockchain commerce technology. The platform has processed billions of dollars in payments, paving the way for a more transparent, decentralized, and efficient financial infrastructure.
For more information about Paystand, visit www.paystand.comfollow our blog, and connect with us on LinkedIn and X.
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Erica Zeidenberg
PR for Paystand
er***@ho******.net
925.518.8159
