Tagged: spend management

Majority of Businesses Lack Defined Spend Management Policies Despite Growth Potential – Payhawk Research

A robust spend culture is key to unlocking business potential, with 61% of CFOs highlighting its importance for growth, yet few have struck the “right balance between autonomy and control,” research from Payhawk reveals. The research, conducted by independent research house Coleman Parkes, surveyed 1,000… Read More

Spend Management Fintech Spendesk Introduces its Payment Institution

Spendesk, the spend management platform for mid-sized businesses, has launched Spendesk Financial Services, which is its own payment institution. Regulated by the ACPR (Autorité de contrôle prudentiel et de résolution), and including a collaboration with Visa, Spendesk Financial Services enables the company to deliver payment… Read More

Fintech Payhawk Selects J.P. Morgan Payments to Enhance Payment Services for UK’s Enterprise Clients

Payhawk, a spend management solution, announced it selected JP Morgan Payments, to improve its payment services for enterprise customers in the UK. Payhawk notes that has worked closely with JP Morgan Payments to enhance its global payment services for enterprise clients. Payhawk expects to enable… Read More

Dubai’s Pemo Secures $7m Pre-Series A Funding to Fuel GCC Expansion

Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More

Fintech Payhawk Reports 114% YoY Revenue Increase, Gross Profitability of 77%

Payhawk, the spend management solution that empowers businesses to manage and control company spending at scale across 32 countries, has reported 114% YoY consolidated revenue growth for the year ending 2023 including clients such as Gaucho, Myenergi and PensionBee. Following the growth and rising demand,… Read More

European Fintech Payhawk Introduces Budget Tracking and Cards for Every Purpose

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announces the launch of new innovations as part of its ‘Fall Edition’ product release. Global companies face significant challenges in “managing and controlling corporate spending across… Read More

Paylocity to Acquire Spend Management Fintech Airbase

Paylocity (NASDAQ: PCTY), a firm focused on cloud-based HR and payroll software solutions, announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and… Read More

Fintech Torpago Adds ex-Flow Networks, Visa, PayPal Exec Chris Boncimino to Lead Business Operations

Torpago, a commercial credit card and spend management provider for banks, has announced the hiring of Chris Boncimino to head business operations. Boncimino will lead business operations with a focus on growth and product development for Torpago’s Powered By program management service. Boncimino’s fintech experience… Read More

European Spend Management Fintech Payhawk Remains Focused on Simplifying International Transactions

At Payhawk, they claim to be all about simplifying the lives of financial professionals. One way Payhawk does this is by “making international transactions seamless and eliminating the need for multiple tools.” With Payhawk‘s comprehensive, cost-effective spend management solution, you “get corporate cards, automated receipt… Read More

Spend Management Fintech Ramp Reports Completion of Series D-2 Round

Ramp is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This investment round was co-led by Khosla Ventures and Founders Fund ‘with additional new investors Sequoia Capital, Greylock, and 8VC.’ Ramp‘s existing investors Thrive Capital, General Catalyst, Sands Capital,… Read More

European Spend Management Fintech Payhawk Reports Steady Revenue Growth

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announced its Q1 2024 business performance results and the launch of its Summer Edition product release that “brings flexibility to the way companies manage spend.” Q1… Read More

Spend Management Platform Payhawk Celebrates AMEX Integration

Payhawk, a global spend management solution for domestic and international businesses throughout the United States, United Kingdom, and Europe, this week announced a new integration with American Express. It offers U.S. business and corporate card members the ability to issue virtual cards with built-in spend… Read More

FinQuery Celebrates $25M Minority Investment

This week, FinQuery (formerly LeaseQuery), a provider of AI-powered solutions, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. The funding will accelerate product innovation and support strategic mergers and acquisitions. FinQuery’s AI-driven SaaS platform unifies finance, accounting, and… Read More

Spend Management Fintech Airbase Partners with Sardine, the Behavior-based Fraud Management Firm

Airbase, the procure, pay, close software to stop uncontrolled spend, announced a strategic collaboration with Sardine, the firm focused on behavior-based fraud management. This partnership underscores a shared commitment to “enhancing customer financial security against a backdrop of soaring vendor and payment fraud.” Soups Ranjan,… Read More

Corpay, a Business Payments Fintech, Introduces Spend Management Platform for Corporate Clients

Corpay, a FLEETCOR brand and global firm focused on business payments, announced the launch of Corpay Complete, a spend management platform for corporate payments and spending. The first-of-its-kind payment solution is now “available to new customers in the United States and Canada and to eligible… Read More

Torpago and Marqeta Introduce Sunwest Bank’s Visionary Card Program

Torpago, a commercial credit card and spend management provider, Marqeta (NASDAQ: MQ) strategic partner of Torpago and the global modern card issuing platform, and Sunwest Bank, a leading entrepreneurial business bank, announce the launch of Sunwest Visionary Card, Sunwest’s commercial credit card and expense management… Read More

Uber for Business Announces Integrations with Expense Management Providers Brex and Ramp

Uber for Business, Uber’s enterprise arm, announced it has integrated with leading expense management providers Brex and Ramp. The integrations will automate receipt matching “for Uber rides and meals, which rank among the most-expensed items for employees.” This will help companies “of all sizes simplify… Read More

Spend Management Fintech Payhawk Introduces Purchase Orders, Enabling Procure to Pay Process

Payhawk introduces a 3-way match Purchase Orders system, “enabling businesses to automate their procure-to-pay process to further increase the efficiency and control in business purchases.” Payhawk, the global spend management platform, reveals that it has launched its new Purchase Orders system. The solution streamlines procurement… Read More

Spend Management Fintech Payhawk Now A Principal Member of Visa Europe

Global spend management platform, Payhawk announces that it has become a principal member of Visa. The membership supports Payhawk’s mission “to simplify business payments, by accelerating new product innovation.” The membership also “supports greater service reliability and resilience for Payhawk customers.” Payhawk’s platform provides businesses… Read More

Fintech Procurify Secures $50M via Series C to Support AI-Enhanced Spend Management

Procurify, the all-in-one spend management solution for mid-market organizations, has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment “from Export Development Canada (EDC) and participation from existing investors including Information Venture Partners and HarbourVest, et al.”… Read More

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