Paystand and Pine Services Group Announce Strategic Partnership to Transform B2B Financial Operations
SANTA CRUZ, Calif. – Jan 7th, 2026 – As finance teams enter 2026 with a renewed focus on operational efficiency, automation, and capital access, Paystand, the leading blockchain‑powered B2B payments network, and Pine Services Group, a portfolio of leading ERP and business software providers, today announced a strategic partnership designed to modernize the movement of money across accounts receivable (AR) workflows.
This partnership marks Paystand’s first formal alliance within the private equity and venture-backed services space. Through this partnership, Pine’s portfolio of operating companies will be able to offer Paystand’s digital payments platform to their customers, helping modernize accounts receivable processes and deliver more efficient, scalable payment experiences across a broad range of ERP environments, ultimately driving cash flow efficiency, reducing costs, and deepening customer and vendor relationships.
“Paystand is transforming how businesses manage payments, and we’re thrilled to bring that innovation to the Pine ecosystem,” said Chris Milan, VP of Strategic Partnerships at Pine Services Group. “This partnership gives our companies access to automated, fee-free, and secure digital payment solutions that strengthen financial operations and drive meaningful efficiencies. The Pine community couldn’t be more excited to partner with Paystand to deliver real, measurable value to our customers.”
Paystand has a strong track record of working alongside ERP VARs and advisory firms that support growing and complex organizations. The company already maintains established relationships with several Pine portfolio companies, including The Vested Group, Alta Vista Technology, Practical Software Solutions, and ETHOSystems, creating a strong foundation for broader collaboration across the Pine ecosystem.
Rewiring AR for a Future-Proof Financial Stack
For too long, finance operations have been held back by fee-based intermediaries, slow payment cycles, and manual reconciliation. The Paystand–Pine partnership offers an alternative: a network-based model of money movement built to eliminate friction, incentivize participation, and unlock working capital.
For Accounts Receivable:
- No Fees, More Margin: Replace costly credit card and ACH fees with blockchain-enabled payments that improve margins from day one.
- Accelerated Cash Flow: Next-day settlement reduces DSO and unlocks cash predictability.
- Customer-Centric UX: Embedded payment links and self-serve portals improve payer satisfaction and speed.
- ERP-Native Automation: Remove manual processes and enable full payment lifecycle control within existing systems.
A Shared Vision for Open, Scalable Finance
This strategic partnership reflects a shared commitment to long-term growth and operational excellence as the CFO role continues to evolve and underscores both companies’ commitment to rethinking legacy financial infrastructure.
Pine’s portfolio companies establish the ERP foundation finance leaders rely on, and Paystand extends that foundation by modernizing accounts receivable and payments to improve cash flow visibility and support scale. As Paystand’s first PE-backed platform partner, Pine represents an important step in supporting ERP-led organizations as they grow.
“Entering 2026, businesses need financial systems that don’t just keep up—they need ones that compound value over time,” said Allison Grieb, Chief Sales Officer of Paystand. “Together, we’re creating network effects that strengthen the financial backbone of thousands of businesses, giving them back time, capital, and control.”
About Paystand
Paystand is the world’s leading blockchain-enabled B2B payments network, transforming commercial finance into a software-driven, fee-less, and open ecosystem. More than one million businesses use Paystand’s zero-fee, blockchain-powered AR and AP automation to move billions faster, more transparently, and without intermediaries. In addition to Bitwage, the company has acquired Yaydoo and Teampay since 2022 to round out its suite of CFO solutions. Its non-profit arm, Paystand.org aims to further financial inclusion through the use of Bitcoin and blockchain technology. Founded in 2013, Paystand is headquartered in Santa Cruz, Calif., with offices across North and Latin America. Visit www.paystand.com.
About Pine Services Group
Pine Services Group is a family of leading managed services and software companies operated by world-class leadership teams. Pine partners with owners of services and software businesses to provide a permanent home for their companies through growth capital, operational support, and a commitment to exceptional service delivery. Learn more about Pine Services Group here: https://pineservicesgroup.com/
