New York based spend management platform raised $5m in Series A-1 funding led by Fin Venture Capital.
“Teampay is pioneering the next-generation CFO tech stack with a distributed spend management platform that is purpose-built for today’s decentralized, real-time, and dynamic corporate operating environment,” said Peter Ackerson, Investment Partner, Fin VC. “The company’s software — and its ability to empower employees with multi-channel request, intelligent authorization, and real-time spend tracking — provides finance teams unprecedented control and transparency on all enterprise purchasing. We looked at all the players in the market, and Teampay’s capabilities stood out far above other solutions. Fin VC is excited to invest in what we believe will not only improve the way modern businesses manage their spend, but revolutionize it entirely.”