- Headquarters
- New York
- Employees
- 51–200
- Founded
- 2016
- Business Model
- B2B
- Website
- teampay.co
- Total Funding
- $68.0M
- Last Round
- $47.0M Series BNov 2022
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Teampay is a distributed spend management platform founded in 2016 by Andrew Hoag and Adam Nyberg in New York. The platform enables businesses to request, approve, and track all company spending in real time through automated purchase workflows, virtual corporate cards with preset budgets, AP automation, and accounting integrations with ERP systems including NetSuite, Sage Intacct, and QuickBooks. Teampay integrates with team communication tools like Slack and Microsoft Teams to surface approvals where employees already work. The company was acquired by Paystand in April 2024 and now operates as a division within Paystand's broader B2B financial suite.
Summary
Teampay is a Fintech company based in New York, United States, founded in 2016. It has raised $68.0M in total across 4 rounds, most recently a $47.0M Series B round in Nov 2022. Investors include Fin Venture Capital, Tribe Capital and Mastercard.
Tech & App Stack
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Funding History
Nov 2022
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
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