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Paystand acquires Teampay to create a 'Venmo for B2B payments' version for business

Paystand acquires Teampay to create a 'Venmo for B2B payments' version for business

04/25/24, 1:33 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgscotts valley
Paystand has acquired Teampay, a spend management software startup, with the aim of revolutionizing the B2B digital payment and spend experience.

Company Info

Company
Paystand
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.

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