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

Apr 25, 2024over 1 year ago
Scotts Valley

Description

Paystand has acquired Teampay, a spend management software startup, with the aim of revolutionizing the B2B digital payment and spend experience.

Company Information

Company

Paystand

Location

Scotts Valley, California, United States

About

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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