Team Labs (Teampay)

b2b fintechexpense management

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

TeamPay is a purchasing software that enables businesses to request, approve, pay for and track employee purchasing in real-time. It allows companies to provide virtual credit cards to their employees for their purchases.

Focus

PRODUCTS & SERVICES

TeamPay provides features like: Accountability: It helps businesses to track a purchase, its requestor and its approver. It further alerts them about unusual activity. Expenditure Approval: It helps businesses to approve employee requests & instantly issue virtual cards from anywhere with a single click. Automatic Vendor Tracking: The platform keeps records of all vendors and subscriptions organized in one place. It highlights variances, detect new vendors and recurrences, flag duplicates, set reminders, etc.

People

FOUNDERS

Andrew Hoag

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Compound

CoVenture

Crosscut

KEC Ventures

Precursor Ventures

Rick Smith

Rising Tide Fund

Silicon Valley Bank

Tribe Capital

KEY EMPLOYEES:

Andrew Hoag (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$16 M

DATE OF LAST FUNDING

Sep 2019

SEED & PRIOR FUNDING

$4 M

SEED CLOSED ON

Feb 2018

FUNDING SERIES

SERIES A  · $12 M  · Sep 2019

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp