Paystand acquires Teampay to create a 'Venmo for B2B payments' version for business
04/25/24, 1:33 PM
Location
Paystand has acquired Teampay, a spend management software startup, with the aim of revolutionizing the B2B digital payment and spend experience.
Company Info
Location
scotts valley, california, united states
Additional Info
Paystand is on a mission to create an open commercial finance system, starting with B2B payments. Using blockchain and cloud technology, the company has pioneered Payments-as-a-Service to automate the entire enterprise cash cycle. Paystand makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. Today, over 250,000 businesses make better payments over the Paystand Bank Network, and the company has been consistently recognized as a top innovator in enterprise financial services. In 2020, Paystand was named to the Inc. 5000 list as the #9 fastest-growing privately held company in Silicon Valley. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on Twitter and LinkedIn.