I’m delighted to announce that Request Finance has acquired Payso Lithuania to launch a new way to pay bills 🥳
The price tag is not $1.1B, but it’s game-changing nonetheless.
Most importantly, in this post, I explain why this is huge, what this M&A means, what is changing for CFOs’ payables now, and what incredible future we can expect
1️⃣ We are merging two exceptional products:
💱 Payso is a regulated VASP that grew 10x this year and has been helping businesses bridge payments between crypto and fiat.
💸 Request Finance provides an all-in-one finance solution for +3,000 hybrid businesses
💱 💸 👉 Together, Request Finance helps CFOs pay hundreds of bills in one click, regardless of the currencies and countries.
2️⃣ CFOs will save more time than ever ⏲️
Take the example of a CFO who needs to pay 100 bills a month, half in crypto, half in fiat:
😰 BEFORE the acquisition, the CFO would struggle with payments with a separation between fiat and crypto processes, high and unpredictable fees, long-time transfers, banks' lack of capabilities, and challenging reconciliation.
☺️ AFTER the acquisition, the CFO uploads all fiat and crypto bills and makes one click to pay all 100 bills that reconcile automatically.
Hear it from Diego Casanova, managing finance ops at Decentraland: "Since using the off-ramp services, our experience has been outstanding."
Daniel Lustig, from Ocean Protocol, mentioned, "Our workflow has become incredibly streamlined. It's been a game-changer for our team."
Krisztin Lipardi, at GALAXIS said, "Seeing all the invoices in one place and the Crypto to Fiat feature has made my life so much easier."
🙏 🙏 🙏
3️⃣ We are working towards mainstream adoption of blockchain, and it’s happening right now.
Blockchain technology is rapidly becoming the future of payments.
Self-custody is said to represent ~80% of crypto funds, and it’s becoming the norm as well.
Users’ growth has averaged +90% per year since 2016.
The tech is 50x cheaper, up to 2500x faster, and running 24/7.
Businesses must thrive, which is the job of the CFOs, COOs, and founders! If you're not using crypto for payments, you're missing out on money's future and becoming financially illiterate.
A huge shoutout to the amazing teams at Request Finance and Pay.so who made this possible—especially Chris Butcher, Cameron Butcher, and Valentin FAYE. It has been an intense and challenging journey so far; your efforts have been incredible 🙌
My gratitude also goes to our key investors and friends, including Laura McGinnis at Balderton Capital and Alexis du Peloux at XAnge.
Crypto payments will replace >80% of traditional banking flows within 10 years, and we are working on it. 👉 What do you think 🤔❓