About Teampay
Teampay is a company based in New York (United States) founded in 2016 by Andrew Hoag was acquired by PayStand in April 2024. Teampay has raised $56.83 million across 8 funding rounds from investors including Mastercard, SVB and PayStand. The company has 35 employees as of December 31, 2020. Teampay offers products and services including Spend Management, AP Automation, and Corporate Cards. Teampay operates in a competitive market with competitors including Ramp, Navan, Brex, Spendesk and Concur, among others.
- Headquarter New York, United States
- Employees 35 as on 31 Dec, 2020
- Founders Andrew Hoag
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Sectors
TechnologyTravel & Hospitality
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Email
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Phone
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Website
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Social
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- Legal Name Team Labs, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$56.83 M (USD)
in 8 rounds
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Latest Funding Round
$35.25 M (USD), Series B
Nov 30, 2022
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Investors
Mastercard
& 14 more
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Employee Count
35
as on Dec 31, 2020
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Acquired by
PayStand
(Apr 25, 2024)
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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.
People of Teampay
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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.
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 |
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Venture capital firm focused on fintech and B2B SaaS companies
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Early-stage technology companies are funded by this venture capital firm.
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Venture debt firm
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Investor details for Teampay
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Investments & Acquisitions by Teampay
Investment portfolio details for Teampay
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Financial Statements - Teampay
Detailed financials for Teampay
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Teampay Comparisons
Peer comparison for Teampay
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Competitors of Teampay
Teampay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Navan, Brex, Spendesk and Concur, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Spend management and accounts payable solutions are delivered to businesses.
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Corporate travel and expense management are facilitated through SaaS platform.
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SaaS-driven credit card and spend management solutions platform for businesses
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Provider of prepaid cards for financial benefits of employees
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Corporate travel expenses and invoices are managed via SaaS platform.
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SaaS expense management solutions for business travel are provided.
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Detailed competitors of Teampay
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Latest news on 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 current CEO of Teampay. They have also founded this company.
Teampay is a funded company, having raised a total of $56.83M across 8 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Teampay is 35.
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.