Tagged: spend management

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

May 26, 2022 @ 6:36 am By Omar Faridi  |  

Fintech firm Revolut is now entering the fast-growing spend management sector with a new in-app product that allows companies to issue payment cards with a quick tap and set up time and category-based spending limits. After the roll-out of Payroll for UK clients this February… Read More

April 17, 2022 @ 1:17 pm By Omar Faridi  |  

Emburse, an international “leader” in spend management solutions, recently launched Emburse Spend, an expense solution which “combines card issuance, sophisticated spend policy control, and automated reconciliation.” Emburse Spend empowers team leads “to make spending decisions through a straightforward card issuance and management dashboard, which provides… Read More

March 31, 2022 @ 2:33 pm By Omar Faridi  |  

Tricount, a “pioneer” in group expense management, Aion Bank, a European licensed digital bank and Vodeno, a Cloud-native Banking-as-a-Service (BaaS) provider, have teamed up to launch Tricount’s new service, which allows its users “to reimburse expenses in its app through a one-click bank transfer.” The… Read More

January 13, 2022 @ 9:56 am By Omar Faridi  |  

Coupa Software (NASDAQ: COUP), a company specializing in business spend management, has announced a collaboration with HSBC under its Coupa Pay offering. Commencing with virtual cards, the collaboration will offer European firms with access to a quick, seamless, and secure way to manage payments as… Read More

January 9, 2022 @ 1:25 pm By Omar Faridi  |  

Kendra Pecan, Senior Marketing Project Manager at Airbase, has explained how marketing departments may budget with the Fintech firm’s spend management platform. Kendra notes that as a project manager, many of the challenges for her “came around the planning aspect of the role.” She often… Read More

December 15, 2021 @ 6:58 am By Omar Faridi  |  

Mesh Payments, a corporate payment and spend management platform, announced that it has secured $50 million via a Series B round that was led by Tiger Global. Other participants in Mesh Payments’ investment round include Entrée Capital, Falcon Edge Capital and existing investors TLV Partners… Read More

September 16, 2021 @ 10:15 am By Omar Faridi  |  

Airbase, the spend management platform for firms from founding to IPO, reveals that it has become the “first” spend management service to support local and global subsidiaries and currencies for US-based companies. Firms with entities across the globe and across the US may now take… Read More

August 12, 2021 @ 3:17 pm By Omar Faridi  |  

Airbase, a spend management platform for firms from founding to IPO, recently revealed that they’ve carried out a native integration with Intuit QuickBooks Desktop. As noted in a release shared with CI, the combination provides a seamless, automated connection between company spend and the “general… Read More

August 6, 2021 @ 5:34 pm By Omar Faridi  |  

Sensibill has teamed up with CAARY in order to bring “robust” digital finance solutions to SMEs. Through the partnership, CAARY and Sensibill aim to assist Canadian businesses with tracking their spending and managing their finances. As stated in the announcement: “We’re pleased to share that… Read More

August 5, 2021 @ 12:35 pm By Omar Faridi  |  

Clara, the end-to-the-end or comprehensive solution for corporate spend management incorporated a new payment feature to its financial offering, becoming the “most complete” B2B spend control platform in the Mexican market. Through the new product, companies will be able to: Use Clara’s credit line to… Read More

July 23, 2021 @ 5:51 pm By Omar Faridi  |  

France-based Spendesk, a spend management platform, has acquired €100 million in capital through a Series C round that was led by General Atlantic, an international growth equity company. Spendesk offers finance professionals a software-as-a-services or SaaS spend management system for complete visibility and control on… Read More

June 2, 2021 @ 10:17 pm By Omar Faridi  |  

Bill.com (NYSE:BILL), an established provider of Cloud-powered software that simplifies, digitizes, and automates back-office financial operations for SMBs, revealed on Monday (June 1, 2021) that it had finalized its acquisition of Divvy, a spend management solution provider, for around $2.5 billion “in stock and cash.”… Read More

May 21, 2021 @ 8:14 am By Omar Faridi  |  

Ireland’s B2B card payments Fintech CleverCards has finalized a €10 million funding round. The company has also acquired a European Money Institution license via the acquisition of spend management service provider, ExpendiaSmart. Since introducing its payments platform back in December 2019, CleverCards has managed to… Read More

August 3, 2020 @ 10:06 pm By Omar Faridi  |  

Neobank Aidbanc, which launched operations last year, is reportedly planning to assist NGOs by providing them with digital banking and spend management software that they need to deliver financial aid. The proper distribution of financial aid can have a significant positive impact on the lives… Read More

September 30, 2019 @ 8:18 am By Samantha Hurst  |  

Teampay, a U.S.-based provider of distributed spend management software, announced last week it secured $12 million through its Series A financing round, which was led by Tribe Capital with participation from existing investors Crosscut, Silicon Valley Bank, and Precursor Ventures. The company reported that the… Read More