A Mega VC Round That Made Waves Across the Pond
Noisy Airwaves In 2020, Alloy assisted global end-to-end payments provider Paysend in launching its services in the U.S. The product quickly gained traction in the Americas, allowing it to secure a $125 million Series B funding round. However, in the month leading up to the venture capital announcement, Paysend’s established competitors ramped up their activity in the U.S. market, dominating headlines and discussions with their own corporate deals. To differentiate itself and boost its presence in the domestic media landscape, Paysend required a robust media relations strategy that would enhance its visibility and resonate globally.
Seizing the Moment To ensure Paysend's funding announcement wouldn't be overshadowed by competitors, Alloy developed a proactive media relations strategy focusing on leading U.S. media outlets, with plans to extend its reach internationally. The campaign sought to create buzz prior to the announcement, gain attention from major national tech and venture capital journalists, and establish a presence in FinTech and payments trade publications. A successful execution of this corporate communications strategy was expected to bolster Paysend's standing as a leader in the FinTech sector and emphasize its unique flat-fee model.
Outshining Competitors On the day of the announcement, TechCrunch published an exclusive highlight of Paysend’s unique product features. The positive momentum continued with significant interest from national and trade media in the U.S. and beyond. Within 24 hours of the funding news, 41 U.S. publications, including Yahoo Finance!, Axios, Fortune, PYMNTS.com, Finextra, Finovate, Digital Transactions, and Debanked, covered the story, targeting potential customers and creating a global impact. In total, the funding announcement received coverage in over 60 articles, allowing Paysend to outpace its competitors in media placements for the first time.