expense management
The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in this space, but spend management companies have seen demand rise across…
The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups…
When you say the phrase “expense management” in a business context, people might think of software like Concur that tracks what you spend on travel, entertainment and other work-related activities;…
Conta Simples ended the year reaching breakeven and obtained a license from the Brazilian Central Bank) to operate as an Direct Credit Society.
Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. The Information first broke the…
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Ramp expands into procurement, lands Shopify as a customer
Ramp continues to ramp up its business. The fintech startup announced today that it is entering the procurement space as it focuses more on “complex” enterprises and that it has landed a new customer in Canadian e-commerce giant Shopify. Over time, Ramp has continued to add on to its offerings…
In September of 2021, Jeeves began offering corporate credit cards as its primary product — with a primary focus on Latin America — after participating in Y Combinator’s summer 2020…
Navan takes a swipe at expense management startups with new Mastercard and Visa partnerships
Want more fintech news in your inbox? Sign up here. In recent years, a number of startups have made a business out of providing corporate credit cards to companies. These…
In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. Besides seeking to snag market share from incumbents…
ChatGPT is getting all the attention as of late, but modern AI technologies have a range of use cases beyond finally making Bing useful. One emerging trend is putting AI…
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Experienced sailors know that if they turn the wheel too hard, they will soon need to compensate by turning it in the other direction, or they will capsize the boat.
Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the…
Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and…
With 12 million users and nearly $200 million in annual recurring revenue, expense software provider Emburse has built much of its business in the enterprise. Historically, it has competed with…
London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever
Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. The London-based company provides identity, data and payments products that…
Less than seven months after closing on a $57 million Series B, fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1…
Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion. In…
Coast lands $27.5M from VC firms, slew of founders to provide expense management to fleet operators
Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million in a Series A financing co-led by Accel and Insight…
Global Processing Services adds $100M to its coffers to grow its embedded finance and API payments platform
Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group…
The company referred to the 60 days of interest-free financing as “a game-changer” for an industry where it typically takes over 100 days to get paid.
Expensify CEO David Barrett discusses going public and why expense management is a $1T opportunity
“I think what is really driving this, honestly, is just liquidity for our early shareholders. We haven’t raised money in so long that our VCs basically just need liquidity.”
Expensify filed to go public late last Friday, adding its name to the growing roster of technology companies looking to list during this period of hot valuations and strong recent…
Aspire, the Singapore-based neobank that wants to become an “end-to-end financial operating system” for Southeast Asian businesses, is moving closer to its aspirations with a $158 million Series B. The…
Less than five months after raising $115 million, spend management startup Ramp announced today it has raised $300 million in a Series C round of funding that values the company…
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How bottom-up sales helped Expensify blaze the path for SaaS
You’d expect an expense management company to have a large sales department and advertise heavily. But like we’ve seen over and over, Expensify just doesn’t do what you think it should.
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How Expensify hacked its way to a robust, scalable tech stack
Take a close look at any ambitious startup and you’ll find pugnacity nestled in its core. Stubbornness and a bullheaded belief in the worth of what a company wants to bring to fruition is often the biggest driver of its success.
Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100…
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How Expensify shed Silicon Valley arrogance to realize its global ambitions
Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations.
Portside, an aviation startup that is building a platform for managing the backend of a corporate flight department, charter operation, government fleet and fractional ownership operation, today announced that it…
