B2B Payment Startup Raises $6 Million

PayStand announced the close of $6 million in Series A financing, led by BlueRun Ventures. Cervin Ventures, Serra Ventures, TiE Angels and Capital for Founders also participated in the funding.

PayStand is a modern B2B payment platform that provides zero percent bank-to-bank transactions by adding a customized, branded, and secure payment gateway to businesses’ invoicing system or website. PayStand is designed to enable customers to pay businesses online and from their smartphones via eCheck, eCash, paper check via photo check capture, and credit cards using the PayStand card reader.