Teampay raises $12 million to scale distributed spend management platform

Fintec Buzz24 Aug, 2020Business

Led by Tribe Capital, the investment will drive product and sales growth in the US to deliver digital transformation and operational analytics to finance teams Teampay, the leading provider of distributed spend management software, has closed a $12 million Series A financing led by Tribe Capital with participation from existing investors Crosscut, Silicon Valley Bank, and Precursor Ventures, advantages of payroll system bringing the total funds raised to $16M.