About Teampay
Teampay is a Technology company based in New York (United States) founded in 2016 by Andrew Hoag, and was acquired by PayStand in April 2024. Cloud-based expense management solutions are provided for business travelers. It operates in the Technology and Travel & Hospitality sectors. Teampay has raised $56.83 million across 8 funding rounds from investors including Mastercard, SVB and PayStand. The company has 35 employees. Its chief executive, as recorded, is Andrew Hoag. Its website teampay.co draws about 20 thousand monthly visits. Teampay offers products and services including Spend Management, AP Automation, and Corporate Cards. Its focus areas include Consumer, Online Travel, Corporate Travel and Expense Management. Its legal entity is TEAM LABS, INC. Its competitors include Ramp, Navan and Brex; 3 of its 3 listed competitors have raised funding.
Company details
Teampay was founded in 2016 and is headquartered in New York, United States. Operations focus on the fintech sector, delivering cloud-based tools for expense approval and management tailored to business travelers. Services include purchase order processing, spending oversight, real-time accounting integrations, and B2B payment functionalities. Employee purchases are requested, approved, paid for, and tracked in real-time through the platform.
- Headquarters New York, United States
- Employees 35
- Founders Andrew Hoag
- Stage Acquired
- SectorsTechnologyTravel & Hospitality
- Email••••••••
- Phone•••• ••••
- Website teampay.co
- Social LinkedIn X Facebook
- Acquired by PayStand (Apr 2024)
- Legal Name Team Labs, Inc.
- Total Equity Funding$56.83M (USD)
in 8 rounds
- Latest Funding Round$35.25M (USD), Series B
Nov 2022
- InvestorsMastercard
& 14 more
- Employee Count35
- Acquired byPayStand
(Apr 2024)
Products & Services of Teampay
Teampay offers a comprehensive portfolio of products and services, including Spend Management, AP Automation, and Corporate Cards.
Platform automates business spending and approval processes efficiently.
Automates invoice routing and payment for streamlined accounting.
Issues secure virtual cards with spending limits for purchases.
Apps and channels of Teampay
Teampay publishes 1 mobile app.
Funding Insights of Teampay
Teampay has successfully raised a total of $56.83M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $35.25 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $56.83M
- Total Rounds 8
- Last Round Series B — $35.25M
- First Round $580,000
(Aug 2016)
- Investors Count 14
All 8 funding rounds of Teampay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $11.75M | Debt – Conventional | – | – | – |
| Nov 2022 | $35.25M | Series B | – | Fin Capital | |
| Oct 2020 | $5M | Series A | – | Fin Capital | |
| Oct 2019 | $12M | Series A | – | Tribe Capital | |
| Feb 2018 | $4M | Seed | – | Rick Smith | |
| Jan 2018 | Seed | – | – | ||
| Apr 2017 | $297,400 | Debt – Conventional | – | – | – |
| Aug 2016 | $580,000 | Seed | – | – | – |
15 investors in total: 14 institutional and 1 angel.
Investors in Teampay
Teampay has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, SVB and PayStand.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on fintech and B2B SaaS companies | fin.capital | San Francisco, United States | ||
Early-stage technology companies are funded by this venture capital firm. | proof.vc | Reston, United States | ||
Venture debt firm | espressocapital.com | Toronto, Canada | ||
VC firm investing in seed and early stage companies in the US | 2007 | crosscut.vc | Santa Monica, United States | |
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Venture capital investments in pre-seed and seed stages, focusing on founders. | precursorvc.com | |||
Seed stage venture capital firm investing in the US | kecventures.com | New York, United States | ||
Early-stage tech investments in the US are targeted by Coventure. | coventure.vc | Miami, United States | ||
HireCapital is engaged in providing recruitment and staffing solutions. | hirecapital.com | |||
KiwiTech is recognized as a technology services provider focused on innovation. | 2009 | kiwitech.com | Delhi, India |
Investor details for Teampay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Teampay
7 people are tracked at Teampay (3 in leadership, 4 in team); the tracked headcount is 35.
| Name | Role | Group |
|---|---|---|
Andrew Hoag | Founder & CEO | Leadership |
Miles Macleod | Director, Channels & Alliances | Leadership |
Angie Marable | Director of Engineering | Leadership |
Adrianna Tan | Frontend Engineer | Team |
Richa Yadav | Senior Software Engineer | Team |
Erik Mangor | Senior Backend Engineer | Team |
Melissa Anderson | Business Development Manager | Team |
Complete people profiles for Teampay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Teampay
4 dated milestones of Teampay across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Teampay is founded.
- Funding First funding round of $580K.
- Funding Latest funding round, Series B, of $35.2M.
- Exit Acquired by PayStand.
Competitors of Teampay
Teampay has 3 listed competitors in our database, 3 of them funded. They include Ramp, Navan and Brex.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses |
Detailed competitors of Teampay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Teampay
The website of Teampay (teampay.co) receives about 19.6K visits a month.
- Monthly visits19.6K
▲ 4.8% vs previous month
Websites whose visitors overlap most with Teampay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| netspend.com | 100% | 2.3M | #18,278 | View details | |
| the-cfo.io | 54% | #1,383,144 | View details | ||
adp.ca | adp.ca | 54% | #107,238 | – |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Teampay (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Teampay
Complete news archive for Teampay
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Frequently Asked Questions about Teampay
Teampay was founded in 2016.
Teampay is headquartered in New York, United States. It is registered at New York, New York, United States.
Andrew Hoag is the CEO of Teampay, as recorded in our data. They have also founded this company.
Teampay is a funded company, having raised a total of $56.83M across 8 funding rounds to date. The company's 1st funding round was a Seed of $580K, raised on Aug 2016.
Teampay has 35 employees.
Teampay was founded in 2016 and is headquartered in New York, United States. Operations focus on the fintech sector, delivering cloud-based tools for expense approval and management tailored to business travelers. Services include purchase order processing, spending oversight, real-time accounting integrations, and B2B payment functionalities. Employee purchases are requested, approved, paid for, and tracked in real-time through the platform.
Teampay offers Spend Management, AP Automation, and Corporate Cards.
Teampay has 15 investors. Key investors include Mastercard, SVB, PayStand, Tribe Capital, and Crosscut Ventures.
Teampay operates through Team Labs, Inc..
Yes. Teampay was acquired by PayStand in April 2024.
Yes. Teampay publishes Teampaygo.