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Teampay raises $35m in Series B funding

New York based spend management startup raised $35m in Series B funding led by Fin Capital. 

“Today, companies care more than ever about where every dollar goes, which requires a new perspective,” Hoag told TechCrunch in an email interview. “In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.”

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banking