- Jeremy Almond is the CEO of PayStand and general partner of Sharkbait Labs. Jeremy holds a Bachelor’s degree in Computer Engineering from the University of California and a Master’s degree in business from the University of Massachusetts. He has been in the tech industry for the past 15 years as an entrepreneur, startup advisor, and interim investor.
- Paystand is a financial technology (fintech) company that provides a cloud-based platform for businesses to automate and digitise their payment processes. Founded in 2013 and headquartered in Scotts Valley, California, Paystand offers solutions aimed at modernising B2B payments by replacing traditional manual processes with digital alternatives.
- Jeremy is an active speaker on the next generation of payment technologies, including Bitcoin’s blockchain technology. According to Almond, companies are better off focusing on creating value for their customers rather than worrying about the price of coins all the time.
Jeremy Almond, CEO of B2B payments platform Paystand, has multiple identities, and founder is just one of them. He calls himself an engineer, surfer, hacker, globe trotter, blockchain advocate, fledgling investor, bluewater sailor and MBA kid.
Jeremy Almond with multiple identities
Jeremy Almond is the CEO of PayStand and general partner of Sharkbait Labs. He holds a Bachelor’s degree in Computer Engineering from the University of California and a Master’s degree in business from the University of Massachusetts.
He has been in the tech industry for the past 15 years as an entrepreneur, startup advisor, and interim investor. Jeremy has helped dozens of B2B formulas drive the adoption of digital commerce and remains an active board member of many financial companies.
He began his career in technology as an engineer at nanotechnology startup Digital Instruments, which was acquired by semiconductor company Veeco. He learned how to lead in a heavily M&A-based global public corporation and what matters most in the world, by selling it all to sail around the world on a 40ft boat and spend months exploring the far reaches of the globe.
At Veeco, he led the construction company that helped the company shrink mainframe computers down to portable devices that fit right into our pockets. He also led the global ERP implementation 15 years ago, where he first saw the challenge of enterprise payments. Since then, I have been thinking about how to use technology to innovate B2B financial services.
When talked about himself, he said “Take a great idea on a napkin. Build an amazing team. Talk to your customers. Create an innovative product. Stay agile. Pivot as the market shifts. Quietly grow the business. Wow your customers. Create value for your stakeholders. Transform an industry. Make the world a better place. Surprise everyone. Wash. Rinse. Repeat.”
Paystand: reinventing B2B payments
The definition of business-to-business payments or B2B payments is the transfer of value denominated in currency from buyer to supplier for goods or services supplied. B2B payments can be a one-time or recurring transaction depending on the contractual agreement made between the buyer and supplier.
Paystand is a financial technology (fintech) company that provides a cloud-based platform for businesses to automate and digitise their payment processes. Founded in 2013 and headquartered in Scotts Valley, California, Paystand offers solutions aimed at modernising B2B payments by replacing traditional manual processes with digital alternatives.
PayStand is also a payment platform for businesses that accept credit cards, Checks, and ACH payments through their website, invoices and billing systems, as well as from mobile devices. With support for all popular payment methods including Stripe, Authorize.net, Paypal Pro/Express Checkout, Dwolla, and many more, the platform enables businesses to send and receive payments electronically, streamline invoicing and collections, and manage cash flow more efficiently.
The Paystand Bank Network is a zero-fee, digital payment network that gives users access to real-time bank-to-bank transfers, becoming the easiest, safest way to send and receive money.
Also read: The world’s best fintech B2B payment providers
Paystand provides a digitising and integrated payment hub that consolidates payment processing across multiple channels and payment methods. Businesses can manage all their payment activities in one place, improving visibility and control over their financial operations.
The platform automates accounts receivable and payable automation, including invoicing, payment reminders, reconciliation, approval workflows, and reconciliation. It enables businesses to schedule payments, track expenses, and manage vendor relationships more efficiently.
Paystand also leverages blockchain technology to offer secure and transparent payment processing. The platform uses blockchain-based smart contracts to facilitate transactions and provide cryptographic security and immutability.
A pioneer in cryptocurrencies
“When I started, there was no industry. There were only a few enthusiasts,” Almond said. He urged the community to pay attention to the progress made by the blockchain industry in the last 10 years and the numerous products under construction, such as decentralised finance (DeFi) and irreplaceable tokens (NFT).
Jeremy is an active speaker on the next generation of payment technologies, including Bitcoin’s blockchain technology. In the face of the cryptocurrency winter, he compared the cryptocurrency winter to the collapse of the dot-com bubble, emphasising the need to be prepared and have resilience and staying power.
Jeremy Almond is very focused on the user experience and feelings, and he believes in compromising with customers to ensure they understand what your business offers, and talking to your customers to better build and deliver products that meet their needs.
Maybe customers don’t care about AI and blockchain technology, but they do care about getting paid faster, reporting expenses accurately to the government and doing the above tasks efficiently.
As an acknowledged industry expert in blockchain and payments technology, he also co-hosts ReDeFined, a new podcast focusing on real stories of the blockchain and the future of finance. With Paystand, he is leading the B2B DeFi movement and rebooting the commercial finance industry.
Also read: Pavlovsky exits DeFi platform Marginfi due to policy disputes
According to Almond, cryptocurrencies are here to stay, and companies that stay focused will emerge from the bear market with better products and services. Companies are better off focusing on creating value for their customers rather than worrying about the price of coins all the time.
