Teampay
Teampay is a New York-based spend management platform that streamlines purchasing, expense approvals, and corporate card issuance for mid-market and enterprise finance teams, now operating as 'Teampay by Paystand' following its April 2025 acquisition by Paystand.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Teampay does
Teampay (now operating as 'Teampay by Paystand' following Paystand's April 2025 acquisition) is a New York-headquartered spend management software platform founded in 2016 that centralizes purchasing, expense approvals, corporate card management, and financial reporting for finance teams at mid-market and enterprise companies. The core product is a horizontal expense management platform with native Slack and Microsoft Teams workflows that let employees request, code, and get approved for spend inside their existing communication tools, paired with the Catalyst Mastercard-branded corporate card and structured approval workflows. The platform integrates with major ERP and accounting systems (NetSuite, QuickBooks Online, Xero, Sage Intacct, Microsoft Dynamics 365, Acumatica) and supports e-commerce and document signing integrations (Adobe Commerce, BigCommerce, WooCommerce, DocuSign).
Revenue is generated through quote-based annual software subscriptions on the expense management platform, supplemented by interchange economics on the Catalyst corporate card. Distribution is a hybrid of direct enterprise field sales targeting CFOs and finance teams at mid-market and enterprise companies, and a self-serve, product-led motion that onboards employees inside Slack and Teams. The company has raised $65 million in total disclosed financing across multiple rounds between 2016 and 2022, including a $47 million Series B in November 2022 led by Fin Venture Capital with participation from Mastercard. Following acquisition by Paystand, the combined entity positions itself as a unified AP + AR + expense management suite for the office of the CFO. The company holds 51–100 employees and has been recognized by G2 (26th of 50 on the 2026 inaugural Best ERP Products list) and Gartner Digital Markets (2024).
Teampay firmographics
Firmographics- Name
- Teampay
- Legal name
- Teampay
- Website
- https://teampay.co
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Teampay is a New York-based spend management platform that streamlines purchasing, expense approvals, and corporate card issuance for mid-market and enterprise finance teams, now operating as 'Teampay by Paystand' following its April 2025 acquisition by Paystand.
- Ownership category
- akta.pro rank
Teampay industry classification
Industry- Product category
- Spend Management Software
- NAICS
- Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Corporate Cards & Spend Controls (FSAGAJAF)
- akta.pro secondary industries
- Purchase-to-Pay (P2P) Operations (BPAAAJAA), Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA), Digital Process Automation (DPA) & Orchestration Suites (HDAEAHAF)
Keywords
Where Teampay is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Teampay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscription (Spend Management): Teampay operates as a spend management software platform generating revenue through subscription-based pricing for its expense management and corporate card services. The platform provides automation for expense approvals, reporting, and corporate card management to enterprises.
- Corporate Card Transaction Fees: Revenue generated through the Catalyst Mastercard-branded corporate card, likely including interchange fees from card transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Teampay product offering
Product offeringCore offering
Teampay (operating as Teampay by Paystand following its April 2025 acquisition) is a B2B spend management platform that centralizes company purchasing, expense approvals, corporate card management, and financial reporting for mid-market and enterprise finance teams. The platform enables employees to request, code, and receive approval for spend directly inside Slack and Microsoft Teams, and issues a Mastercard-branded corporate card called Catalyst. Native integrations with ERP systems (NetSuite, QuickBooks, Xero, Sage Intacct, Microsoft Dynamics 365, Acumatica) sync transactions for downstream accounting.
Product overview
Teampay by Paystand is a unified spend management platform that combines accounts payable automation, expense management, corporate card solutions, and spend analytics. The core platform (Teampay) serves as the centralized hub, while Catalyst Corporate Card provides Mastercard-branded card capabilities with built-in expense automation. Additional modules include AP Automation for vendor payments, Spend Analytics for financial reporting, Spend Management for workflow control, and Corporate Cards for employee spending oversight. Together these products provide CFOs with an integrated AP + AR + expense management solution.
Differentiator
Problem solved
Functional benefit
Brands
- Catalyst: Mastercard-branded corporate card launched by Teampay
Products and services
- Teampay Spend Management Platform Centralized B2B spend management platform that automates purchasing, expense approvals, corporate card management, and financial reporting for mid-market and enterprise finance teams, with native workflows in Slack and Microsoft Teams.
- Catalyst Corporate Card Mastercard-branded corporate card with built-in automation for expense approvals and reporting, providing employees with cards while maintaining finance team oversight of transactions, spending limits, and expense reporting.
- Spend Management Module Centralized spending management module with structured workflows enabling finance teams to monitor and control expenses across the organization.
- Spend Analytics Reporting and analytics module providing real-time visibility into company spending patterns, department-level spend control, and financial oversight.
- AP Automation Accounts payable automation solution that digitizes invoice processing, payment approvals, and vendor payment workflows, integrated with the Teampay spend management platform.
- Corporate Cards Management Corporate card management solution providing employees with cards while enabling finance teams to maintain oversight of transactions, spending limits, and expense reporting.
Quantifiable outcome
- Reduces manual work and errors in expense reporting through automated receipt matching
Companies that use Teampay
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Teampay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Teampay partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and flagship.
- Basketball VictoriaminorExtended partnership for spend management services, providing purchasing and expense management solutions for the organization's operations.
- PaystandflagshipPaystand acquired Teampay in April 2025 to enhance its B2B payments platform with corporate spend management capabilities, forming a unified AP + AR platform for CFOs.
- MastercardflagshipStrategic partnership with Mastercard includes the launch of Catalyst, a Mastercard-branded corporate card. The partnership enables Teampay to expand its corporate card offerings with Mastercard's payment infrastructure, providing employees with corporate cards while maintaining finance team oversight of transactions and spending limits.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Teampay competitors and assessment
Company assessmentDirect peers
- Ramp: Ramp is a leading corporate card and spend management platform serving mid-market and enterprise finance teams. It competes directly with Teampay on corporate cards, expense automation, and ERP integrations, and has emerged as the category leader with significantly larger funding and brand presence.
- Brex: Brex provides corporate cards, spend management, and bill pay for startups and enterprises. It directly competes with Teampay on the Catalyst Mastercard-branded corporate card product and broader expense automation, with comparable Mastercard co-branding.
- Airbase: Airbase is a spend management platform combining corporate cards, AP automation, and expense management for mid-market companies. It is a direct competitor to Teampay across virtually all core product modules.
- Navan: Navan (formerly TripActions) combines corporate cards, expense management, and travel booking into a unified platform. It directly competes with Teampay in the corporate card and expense management categories for mid-market and enterprise.
- Spendesk: Spendesk is a European spend management platform offering corporate cards, expense automation, and AP workflows. It competes directly with Teampay's product offering but with stronger EMEA geographic coverage.
- Expensify: Expensify is a publicly traded expense management platform focused on receipt scanning, corporate card reconciliation, and bill pay. It directly competes with Teampay's expense reporting and corporate card modules.
- Procurify: Procurify provides spend management, purchase order, and AP automation for mid-market organizations. It directly competes with Teampay on spend visibility, approval workflows, and ERP integrations.
- Emburse: Emburse offers expense management, AP automation, and corporate cards for mid-market and enterprise finance teams. It directly competes with Teampay across expense reporting, receipt automation, and ERP-integrated spend workflows.
Broad incumbents
- Bill.com: Bill.com is a leading AP automation and B2B payments platform serving SMBs and mid-market. It overlaps with Teampay's AP Automation module and broader spend management capabilities, operating at significantly larger scale.
Regional players
- Pleo: Pleo is a European spend management platform offering corporate cards and expense management, primarily serving EMEA markets. It is comparable in product offering to Teampay but operates in a different primary geography.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Teampay social profiles
Digital presenceTeampay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Teampay leadership team
Management profileNumber of profiles
Profiles3 records
Teampay funding detail
Funding detailFunding overview
Funding rounds7 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Teampay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Teampay
What does Teampay do?
Teampay (operating as Teampay by Paystand following its April 2025 acquisition) is a B2B spend management platform that centralizes company purchasing, expense approvals, corporate card management, and financial reporting for mid-market and enterprise finance teams. The platform enables employees to request, code, and receive approval for spend directly inside Slack and Microsoft Teams, and issues a Mastercard-branded corporate card called Catalyst. Native integrations with ERP systems (NetSuite, QuickBooks, Xero, Sage Intacct, Microsoft Dynamics 365, Acumatica) sync transactions for downstream accounting.
Is Teampay a public or private company?
Teampay is a private company. It is classified as corporate owned and is currently acquired.
When was Teampay founded?
Teampay was founded in 2016. It employs 51 to 100 people.
Where is Teampay based?
Teampay is headquartered in New York, United States, in the North America region.
How does Teampay make money?
Two revenue lines are on record. Software Subscription (Spend Management) is the primary driver. The others are corporate Card Transaction Fees.
Who are Teampay's main competitors?
Direct peers on record are Ramp, Brex, Airbase, Navan, Spendesk, Expensify, Procurify and Emburse. Bill.com is listed as a broad incumbent. Pleo is listed as a regional player.
Does Teampay have an API?
No public API is recorded for Teampay.
What industry is Teampay in?
Teampay's product category is Spend Management Software. Its primary akta.pro industry code is FSAGAJAF, Corporate Cards & Spend Controls, with a secondary code of BPAAAJAA, Purchase-to-Pay (P2P) Operations. Its NAICS code is 522210 and its SIC code is 7372.