Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B | DeFi & Ethereum News
Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’
Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” The combined company services over 1 million businesses running on a commercial blockchain to more than 1 million participants. It processed more than $10 billion in transactions to date, which it touts is nearly 2% of annual U.S. business-to-business payments.
