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Teampay
Spend management platform
- 21-100 employees
- Fintech
- B2B
- Internal tools
- SaaS
- Outsourcing
- Automation
- Midtown Manhattan, New York, NY
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Company mission
To reduce manual processes via automation and help companies concentrate on building businesses.
-48% employee growth in 12 months
Our take
Teampay's spend management software is tailor-made for high-growth companies, offering them a unified platform to exercise control over spending, maintain transparency, and align with company policies seamlessly. The platform addresses a longstanding challenge faced by finance teams, reducing the time and effort expended on reconciling employee expenditures on behalf of the company.
With notable partners in its portfolio, including collaborations with industry giants like Amazon Business and Mastercard, Tewampay has carved out a distinctive niche in the market. The 2020 integration with Amazon solidified Teampay's position as the sole product dedicated to assisting businesses in efficiently managing their procurement spend.
Fuelled by substantial funding, Teampay is steadfast in its mission to revolutionize expense management, offering complete transparency and auditability. This approach instills confidence in procurement analysts, allowing them to enable more efficient purchasing processes across organizations, ultimately driving cost control and operational efficiency.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Healthcare premiums 100% covered for employees and 50% covered for dependents
- Unlimited PTO
- Paid Parental Leave
- One Medical membership for all employees
- FSA or HSA programs available
- Pet Insurance for employee’s pets
- Citibike membership for all employees
- 401k Program with employer match on contributions
- One time stipend for remote work setup
- Fun and educational events for all employees, offered both virtually and in-person
Company values
- Curiosity: A thirst for constantly learning is key. We do not expect someone to have all the answers, but we do expect they have a history of acquiring new knowledge without much oversight.
- Grit: Building something new requires persistence in the face of often overwhelming odds. We seek people who aren’t afraid of falling while learning to walk.
- Teamwork: Working well together requires emotional intelligence. Empathy allows us to communicate honestly, accept criticism, and achieve a better understanding of our colleagues and customers.
- Self-Discipline: Dealing with so many unknowns requires self-discipline to stay on track. We do our own homework and show up prepared.
- Impact: Collaborating in a small team with lots of autonomy gives an opportunity to have an outsized impact on our success. We look for people who think like owners and take pride in their results.
Funding (last 2 of 5 rounds)
Nov 2022
$35.3m
SERIES B
Oct 2021
$26.9m
SERIES B
Total funding: $83.2m
This company has top investors
Leadership
Andrew Hoag
(CEO)Worked as an Independent Consultant in IT and Software, for 8 years. Promoted from Network Engineer to Web Project Lead at NASA Ames Research Centre. Went on to work at VeriSign for over 6 years. Founded three other businesses: PlaceSite; Zwaggle; Urbantag/Black Drumm. Was a Creator & Facilitator at Founder's Nest for 5 years. For over 11 years was President at Ferocia. Currently an Advisor to various businesses.