Speedchain

What Speedchain does

Speedchain is a commercial card and spend-management platform purpose-built for the construction industry, headquartered in Atlanta, Georgia, and founded in 2021. The company issues a Mastercard World Elite commercial credit card (Speedchain OneCard) through Community Federal Savings Bank and layers on it a cloud-native expense management, bill pay, and fuel-card product, with AI-powered receipt capture, real-time job costing, dynamic point-of-sale spend controls, encrypted chat, and duplicate-payment detection. Its technology stack integrates natively with construction-specific ERPs and project management platforms — Sage 300, QuickBooks, Viewpoint (Trimble), Acumatica, and Procore — automatically tagging transactions with GL, project, cost code, cost type, and vendor data so that field purchases reach accounting already receipted and coded.

The company serves general contractors, specialty trades, and subcontractors across mid-market and enterprise segments, with a documented vertical-specialization strategy that addresses construction-specific pain points: receipt chasing, month-end reconciliation fire drills, three-week-late job-cost data, and misallocated expenses that distort future bids. Distribution combines direct enterprise field sales, a digital self-serve onboarding flow, the Procore Marketplace (2M+ users, 150+ countries), and a national partnership with the Associated General Contractors of America (AGC) through the AGC Member Discount Program.

Speedchain operates a freemium platform monetization model: the platform is free-to-use for members, with revenue generated primarily through interchange fees and transaction rebates on card spend, including a Bill Pay module that converts supplier check/ACH payments into virtual cards to grow interchange-eligible volume. The company closed a $111 million combined equity and debt financing round in September 2025, with senior advisors from Procore (Tooey Courtemanche, founder/CEO; and Dennis Lyandres, former CRO who scaled Procore from $10M to $900M+ through its IPO) on the board, and has reported customer outcomes including a 371% lift in virtual card dollar volume for one customer and over $10 million in duplicate payments prevented for state agencies.

Name

Speedchain

Legal name

Speedchain, Inc.

Website

https://speedchain.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Speedchain is an Atlanta-based fintech that issues a Mastercard World Elite commercial card and spend-management platform purpose-built for construction, integrating AI receipt capture, real-time job costing, and native ERP sync for general contractors, specialty trades, and subcontractors.

Ownership category

akta.pro rank

Product category

Construction Fintech / Commercial Card & Spend Management

NAICS

Credit Card Issuing (522210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199)

akta.pro primary industry

Payments, Expense & FinTech Strategy (Card Programs/Settlement) (THACAMAI)

akta.pro secondary industries

Card Issuing Platforms (Issuer Processing) (FSAGABAD), Virtual Card Issuance & Tokenized Corporate Cards (THACAJAA)

Keywords

• Construction fintech
• Commercial card platform
• Spend management
• Job costing software
• Accounts payable automation

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Commercial Card Program (Transaction Rebates): Speedchain earns revenue through interchange/transaction fees and rebates on commercial card spend. The Mastercard World Elite commercial card is offered through Community Federal Savings Bank. Revenue is generated as a percentage of card transaction volume processed through the platform.
2. Accounts Payable Software (Bill Pay): Speedchain's accounts payable software helps members send payments via card, ACH, and check. The platform can shift supplier payments from check/ACH to virtual cards, generating interchange revenue on those transactions as well.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Speedchain provides a commercial credit card platform purpose-built for the construction industry, combining a Mastercard World Elite commercial card with AI-powered expense management, real-time job costing, dynamic spend controls, and ERP integration. The platform also offers accounts payable (Bill Pay) and fuel card solutions, enabling construction companies to capture field receipts, code transactions to job cost codes, and sync approved spending directly into accounting systems.

Product overview

Speedchain is a commercial card platform and spend management solution built specifically for construction and project-driven industries. The core platform centers on the Speedchain OneCard (Mastercard World Elite) combined with Expense Management, Bill Pay, and Fuel Cards modules. AI Receipt Agent automates receipt capture and coding, while ERP Sync integrates transaction data into Sage, QuickBooks, Viewpoint, Acumatica, and Procore. The platform syncs field and finance operations in real-time with dynamic spend controls, budget alerts, and real-time job costing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Credit Card (Speedchain OneCard) Mastercard World Elite commercial credit card built for construction, with real-time job costing, dynamic spend controls, and instant visibility. Physical and virtual cards available for field crews with purchasing power and real-time visibility. Issued through Community Federal Savings Bank.
• Expense Management Digital receipt capture and expense tracking platform with AI-powered receipt reading. Snap photos, upload receipts, and automate coding with real-time visibility into project-level spending for construction finance teams.
• Bill Pay Accounts payable software enabling payments via card, ACH, and check with a single click. Supports secure check, ACH, and virtual card payments at scale for vendor management, and can shift supplier payments from check/ACH to virtual cards.
• Fuel Cards Fuel card integration for tracking and controlling fuel-related expenses, managing fleet spending with geographic limits and merchant restrictions.

Quantifiable outcome

• State agencies prevented over $10 million in duplicate payments in 1 year using Speedchain's duplicate payment detection.
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• Associated General Contractors of America (AGC)flagshipGTM or Marketing Partner · 9 September 2025Speedchain joined the AGC Member Discount Program, offering commercial credit card issuance and modern spend management to AGC members at national and local chapter levels. AGC members gain access to exclusive AGC Member Card Benefits, real-time job cost tracking, optimized project-level accounting, and enhanced spend controls purpose-built for construction.
• Procore TechnologiesflagshipGTM or Marketing Partner · 1 January 2024Speedchain is a longstanding Procore marketplace partner, connecting its commercial card spend data with Procore's construction management platform. Tooey Courtemanche, Procore's Founder/CEO (NYSE: PCOR), joined Speedchain's Board of Directors, deepening the strategic relationship. Speedchain syncs field card spend directly into Procore for real-time job cost visibility.
• MastercardcoreTechnology or IntegrationSpeedchain's commercial card is issued through Community Federal Savings Bank as a Mastercard World Elite card, leveraging Mastercard's global payment network, security infrastructure, and World Elite benefit program for business cardholders.
• Sage (Sage 300)coreTechnology or IntegrationSpeedchain integrates with Sage 300 (and other Sage products) to sync commercial card transactions directly into the accounting software with automated GL, project, cost code, and vendor tagging, eliminating manual data entry.
• QuickBookscoreTechnology or IntegrationSpeedchain integrates with QuickBooks to enable seamless synchronization of card transaction data and automated coding into the accounting platform.
• Viewpoint (Trimble Construction)coreTechnology or IntegrationSpeedchain integrates with Viewpoint (Trimble Construction) to sync field spending directly into project management and accounting workflows.
• AcumaticacoreTechnology or IntegrationSpeedchain integrates with Acumatica cloud ERP to enable real-time synchronization of card spend and job cost data directly into the Acumatica platform for construction customers.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Pleo: Pleo offers company cards with automated expense management across European and UK markets. It is comparable as a vertical-agnostic commercial card with spend management software and is increasingly expanding into ERP integrations similar to Speedchain's connector strategy.
• Brex: Brex is a leading commercial card and spend management platform serving startups and mid-market companies. While broader in vertical focus than Speedchain, both companies issue commercial credit cards with software-driven expense management and target business customers with a transaction-fee revenue model.
• Airbase: Airbase is a spend management platform combining corporate cards, bill pay, and expense management with strong ERP integration focus. Comparable to Speedchain in offering a unified cards-plus-software stack, though Airbase targets a broader set of verticals.
• Ramp: Ramp is a corporate card and spend management platform with AI-powered receipt capture, ERP integrations, and bill pay. Both Speedchain and Ramp combine card issuance with AI receipt automation and ERP sync, though Speedchain specializes in construction while Ramp serves a broad SMB/mid-market base.
• Procurify: Procurify provides spend management software including virtual and physical cards with AP automation and ERP integrations. Both platforms address mid-market customers with cards-plus-AP software models, though Procurify serves mid-market broadly while Speedchain is construction-specialized.

Emerging players

• Plastiq: Plastiq enables businesses to pay vendors via credit card, including check and ACH replacements through virtual cards. Speedchain's supplier activation program and Bill Pay product have functional overlap with Plastiq's core bill-pay-by-card offering, particularly for construction vendor payments.
• Coast (formerly FUEL): Coast offers a fuel-focused commercial card with spend controls. While narrower in scope, Coast's emphasis on fleet and fuel spend management parallels Speedchain's Fuel Cards product module for construction fleet operators.

Broad incumbents

• Viewpoint (Trimble Construction): Viewpoint, owned by Trimble, provides construction-specific ERP and accounting software integrated with Speedchain today. As a broad incumbent in construction financial software, Viewpoint could potentially build native payment and card functionality that overlaps with Speedchain's offering.
• Procore Technologies: Procore is the leading construction management platform with 2M+ users. It is a Speedchain channel partner and marketplace integration but also a broad incumbent that could theoretically expand into payments and corporate card issuance, representing both an opportunity and a competitive overhang.

Regional players

• Foundation Software: Foundation Software provides construction-specific accounting and project management software. As a construction-specialized financial software player, Foundation competes for the same construction finance buyer and could expand into payments or partner with card issuers similarly to Speedchain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/speedchainplatform
• Facebookfacebook.com/100090400239871

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Speedchain