Tagged: spend management

April 29, 2023 @ 12:17 pm By Omar Faridi  |  

Clara, the “end-to-end” spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round “led by GGV Capital.” In addition, GGV Managing Partner Hans Tung will “join the company’s Board of Directors.” The additional… Read More

April 22, 2023 @ 11:27 am By Omar Faridi  |  

Airbase, the modern spend management software provider, has announced the launch of Guided Procurement. Airbase claims it is “the first spend management solution to automate the intake process for purchasing.” It meets “the needs of multiple stakeholders like procurement, finance, IT, security, and legal while… Read More

April 15, 2023 @ 7:06 pm By Omar Faridi  |  

Coupa, a global player focused on Business Spend Management (BSM), and Goldman Sachs Transaction Banking (TxB), a digital-first, cloud-based bank provider, announced a joint initiative “to simplify payment processes between businesses and their global supply chains.” Making payments between businesses “is fraught with operational challenges… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

December 14, 2022 @ 11:06 am By Omar Faridi  |  

Extend, a virtual card and spend management platform, announced a partnership with HSBC (NYSE: HSBC), one of the world’s largest banking and financial services organizations. HSBC will offer Extend solutions “to its commercial card clients in the U.S. to help companies manage spending with the… Read More

November 16, 2022 @ 9:27 pm By Omar Faridi  |  

Extend, a virtual card and spend management platform, announced a collaboration with Bank of the West, which has more than 600 branches and Commercial Banking Offices across the Midwest and Western United States. Bank of the West small and mid-size clients can “begin using Extend… Read More

November 4, 2022 @ 2:58 pm By Omar Faridi  |  

Airbase, the “fast-growing” spend management solution, announced that the company is rolling out a series of new product capabilities that “expand its all-in-one spend management platform to support the sophisticated purchasing processes of today’s mid-market and larger companies.” These new capabilities “help ensure compliance by… Read More

October 27, 2022 @ 3:19 pm By Omar Faridi  |  

Center, a software company helping businesses gain visibility into and manage employee spending, announced it “has completed its series B funding round with an additional $15 million from existing investors.” On the heels of the investment round, Center also “appointed travel industry innovator and CLEAR… Read More

October 23, 2022 @ 12:33 pm By Omar Faridi  |  

Enfuce, the “pioneering” issuer processing platform, has announced the launch of its dynamic spend management tool Authorization Control, which “empowers companies of any size, in any sector, to set transaction and spending controls for any card in real time.” Combined with Enfuce’s turnkey Card as… Read More

October 5, 2022 @ 12:35 pm By Omar Faridi  |  

Payhawk, the “fast-growing” spend management platform combining company cards, reimbursable expenses, and accounts payable in one solution, recently announced the launch of a business credit card in the UK. This new release “follows its launch of credit cards for US businesses in September this year,… Read More

October 4, 2022 @ 6:12 pm By Omar Faridi  |  

Commonwealth Bank’s venture-scaling arm, x15ventures, has announced a $250,000 investment in Paytron, “after the full-suite workflows and spend management platform won this year’s Xccelerate program.” Paytron was founded by Jaco Veldsman and Francois Henrion “to transform business spend, with integrated workflows to control every transaction.”… Read More

September 15, 2022 @ 1:03 am By Omar Faridi  |  

Payhawk, the spend management solution with a presence across the UK and Europe, officially launched in the US. The unicorn has “opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and… Read More

September 13, 2022 @ 10:01 pm By Omar Faridi  |  

Nachonacho, an “exclusive” B2B SaaS Marketplace and spend management solution used by “thousands” of SMBs, recently announced a newly rebranded SaaS marketplace “featuring top SaaS products at up to 30% discounts (lifetime).” NachoNacho’s goal is “to harmonize the subscription economy by reducing friction and waste… Read More

September 12, 2022 @ 11:56 pm By Omar Faridi  |  

Fintech Ramp, the spend management and corporate card provider, has launched a lending partner network “to help customers find better long-term financing options.” As mentioned in an update shared with CI, partners “include Stifel, Capchase, Live Oak Bank, SmartBiz Loans, Lighter Capital and Founderpath.” This… Read More

September 5, 2022 @ 10:51 am By Omar Faridi  |  

Center, a software company helping businesses gain visibility into and manage employee spending, recently announced it has “tripled its customer base while retaining 94% of existing customers, doubled the company size year-over-year, and expanded its leadership bench with the addition of Maureen Rhodes, SVP, Customer… Read More

August 22, 2022 @ 3:03 pm By Omar Faridi  |  

Banks using TSYS’ VPP now have “a powerful new spend management tool” thanks to Extend Enterprises, Inc. As noted in the update, charge volume on virtual cards is “expected to grow from $1.9 trillion to $6.8 trillion by 2026.” But perhaps more surprising is that… Read More

August 15, 2022 @ 9:41 pm By Omar Faridi  |  

The Age of “Spendlightenment” has dawned, the team at Airbase notes in a blog post. The innovation of spend management has “the power to elevate the work of finance professionals to a higher state of being, one characterized by unprecedented vision, power, and flow.” When… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

July 4, 2022 @ 11:58 am By Omar Faridi  |  

Ivalua, which claims to be a global “leader” in Cloud Spend Management solutions, recently announced a strategic partnership with C2FO, which is one of the largest global platforms for working capital, “to empower Ivalua customers with enhanced supplier selection and the ability to streamline costs… Read More

June 20, 2022 @ 11:26 pm By Omar Faridi  |  

Spend management Fintech Airbase founder and CEO Thejo Kote recently commented on the latest development from Fintech firm Brex. Brex recently announced that they are going “to close all the accounts of small businesses to focus on enterprises and subscription revenue.” As noted by Thejo… Read More