Many people use Venmo in their daily lives to send money to friends or buy goods online. A California business is envisioning a Venmo for business-to-business transactions and using Utah to see that vision through to the end.
Paystand is a startup that has made its mark in Silicon Valley and is now expanding into Utah.
CEO and co-founder Jeremy Almond characterized the company as the fastest growing in business-to-business payments. While the Bay Area may be home for Almond and Paystand, he added that he believes Silicon Valley is not a location, but rather an idea.
“Utah, in general, has a long history of great tech companies and a great sales culture,” Almond said. “We have a bunch of customers, connections and relationships, so when we thought about expanding, it was one of the first places we felt was an extension of the company.”
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