Send Payments secures $5m for cross-border expansion

August 27, 2025 • FinTech News

Sydney-based cross-border payments provider Send Payments has raised $5 million AUD to fuel its next growth phase. The funding round attracted new investor iPartners alongside existing supporters Regal Funds Management and Kelly+Partners Investment Office. This investment will accelerate the company’s expansion in the enterprise payments sector.

Simplifying International Business Payments

Send Payments focuses on simplifying complex international transactions for business clients. Their platform enables companies to embed cross-border payments directly into their existing services. This integration reduces operational inefficiencies while improving transaction speed, regulatory compliance, and payment transparency. The solution addresses common challenges businesses face when moving money across international borders.

Strategic Growth Plans and Market Expansion

With fresh capital, Send Payments plans to accelerate product development and enhance its enterprise-grade capabilities. The company will expand into multiple industries including banking, legal services, global mobility, corporate services, and financial technology. This strategic expansion positions Send to capture growing demand for embedded cross-border payment solutions among business customers.

Leadership Transition and Industry Expertise

The funding coincides with a significant leadership change at Send Payments. Payments industry veteran Matt Barr has assumed the CEO role, succeeding co-founder Paul Billing who stepped down for personal reasons. Billing remains supportive of the company’s future direction. Barr brings over 25 years of payments experience from senior roles at Mastercard, Telstra, eftpos, Australian Payments Plus, and Bank of New Zealand.

Vision for Enterprise Payments Transformation

Commenting on his appointment, Barr praised the company’s progress and outlined his vision for growth. He emphasized that the cross-border payments landscape remains fragmented and complex, particularly for large businesses integrating global payments into their platforms. Send aims to solve these challenges through secure, scalable technology and strong customer support services. The company focuses on delivering reliable payment infrastructure for business clients.

Market Context and Growing Demand

This investment reflects increasing demand for frictionless international payment solutions as more enterprises operate across borders. Businesses increasingly seek integrated payment solutions that reduce complexity and improve efficiency. Send’s expansion positions the company to play a larger role in reshaping how businesses move money globally. The platform provides the infrastructure needed for secure, seamless, and compliant international transactions.

Industry Impact and Future Outlook

The cross-border payments market continues evolving as digital transformation accelerates across financial services. Send’s approach addresses critical pain points for businesses managing international operations. As global commerce expands, solutions that simplify cross-border transactions will become increasingly valuable. Send’s funding and leadership changes position the company to capitalize on these market trends and growth opportunities.

Competitive Landscape and Differentiation

Send operates in a competitive but growing market for cross-border payment solutions. The company differentiates itself through its focus on enterprise integration and embedded finance capabilities. Unlike consumer-focused payment services, Send specifically addresses the complex needs of business clients moving money internationally. This specialized approach provides competitive advantages in serving corporate and institutional customers.