StageSeries A - II | Alive
Last Raised$20M | 4 mos ago
PayEm develops a corporate card platform designed to approve, track, and manage corporate spending. Its platform combines credit cards and a payment platform to permit users to track all employees' spending and facilitate the process of syncing data using accounting software, enabling businesses to keep track of and minimize overall expenses. The company was founded in 2018 and is based in San Francisco, California.
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PayEm's Products & Differentiators
AP Our Account Payables products offers control over the process by providing flexibility and customizability to meet the company and business needs by approval workflow, scheduled payments, a variety of payment methods and multi currency to pay any vendor around the globe. Our automation saves time, money and tedious work with tools as OCR, auto coding, email collections, PO matching, audit trail, internal comments and more.
Expert Collections containing PayEm
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PayEm is included in 3 Expert Collections, including Fintech.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest PayEm News
May 3, 2023
Itamar Jobani, CEO of PayEm, spoke to CTech at Calcalist’s Tech on the Beach event about how demand for PayEm’s solution is rising amid the economic downturn Ariela Karmel (Credit: Sinai David) “What's happening now is a correction. The market in 2020 and 2021 was out of control. And now we're seeing the market correcting - maybe a bit too much. I believe that next year we’ll get to a new normal,” said CEO of PayEm Itamar Jobani to CTech during Calcalist’s Tech on the Beach event in Tel Aviv this week. Founded in 2019 by Jobani and CTO Omer Rimoch, fintech company PayEm has a procurement and spend management platform, with a variety of tools including AP automation. It targets mid-market companies struggling to balance financial oversight with enabling employees to do their work easier and faster. “Most of the AP solutions out there were built to serve the AP department, and we built PayEm with the employees in mind. That means that the experience is a lot about the employees..so the user interface is very friendly. The language that we use is very friendly for employees. And the process is way more democratized, as we say, than serving just the finance department in general,” Jobani told CTech. In January, PayEm announced that they raised $20 million in equity funding from Mitsubishi Financial Group, Collaborative Fund and others, as well as $200 million in credit financing from Viola Credit. Jobani ultimately expressed optimism about the current economic downturn, and says that he’s seen even more demand for PayEm’s solution as companies seek to reduce costs and be more efficient.
PayEm Frequently Asked Questions (FAQ)
When was PayEm founded?
PayEm was founded in 2018.
Where is PayEm's headquarters?
PayEm's headquarters is located at 3739 Balboa Street, San Francisco.
What is PayEm's latest funding round?
PayEm's latest funding round is Series A - II.
How much did PayEm raise?
PayEm raised a total of $247M.
Who are the investors of PayEm?
Investors of PayEm include NFX, LocalGlobe, Pitango Venture Capital, Glilot Capital Partners, Mitsubishi UFJ Financial Group and 5 more.
Who are PayEm's competitors?
Competitors of PayEm include Airbase and 7 more.
What products does PayEm offer?
PayEm's products include AP and 4 more.
Who are PayEm's customers?
Customers of PayEm include Jfrog , Vi Labs and Localize.
Compare PayEm to Competitors
Teampay delivers a purchasing and spending management platform. It offers solutions to control spending, automate reconciliation and provide real-time visibility into spend. It was founded in 2016 and is based in New York, New York.
Brex provides a business-to-business financial product. It offers a corporate credit card for technology companies, expense management, financial modeling, bill payment, business account, and more. It was formerly known as Veyond. It was founded in 2017 and is based in San Francisco, California.
Ramp offers credit cards for small and medium-sized businesses (SMBs). It provides companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. The company caters its services to startups, enterprises, and other entities. It was founded in 2019 and is based in New York, New York.
Payhawk operates as a spend management solution service provider for scaling businesses. It offers technology to enable finance teams to control and automate company spending at scale. It was founded in 2018 and is based in London, United Kingdom.
Mooncard develops a debit card that offers remotely adjustable parameters and software for administrative procedures related to business expenses. Its services include virtual cards, a mobile application, management software, an accounting engine, and more. The company was founded in 2016 and is based in Paris, France.
Mesh offers a platform for companies to oversee and manage employee expenses, and for employees to better track and manage how and where they spend money. It offers integrations with QuickBooks, Slack, NetSuite, Xero, and G Suite from Google. The company was founded in 2018 and is based in New York, New York.
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