Sydney-based fintech company Send Payments has raised $3.2 million in a new funding round, supported by returning investors Regal Funds Management and Kelly+Partners Investment Office, along with new backers including iPartners.
According to a company LinkedIn post, the funding will be used to enhance Send’s platform and help enterprise partners generate new revenue streams through simplified cross-border payments.
Alongside the funding, Send announced the appointment of Matt Barr as its new CEO. He previously held leadership roles in product and innovation at Australian Payments Plus, eftpos, Mastercard and other companies.
“The cross-border payments landscape is rife with complexity and risk, especially for enterprise businesses looking to embed international payments into their existing offering. Send has managed to simplify the whole process with intuitive, scalable and secure technology solutions that seamlessly integrate into existing systems,” Barr said in a statement.
