Paystand Acquires Teampay

April 25, 2024

Paystand has acquired Teampay to combine blockchain-enabled B2B payments with Teampay's spend and expense management platform, creating a no-fee, end-to-end payments and spend management suite for CFOs. The combined network will serve more than 1 million businesses and expand Paystand's AR capabilities into AP and corporate expense controls; financial terms were not disclosed.

Buyers
Paystand
Targets
Teampay
Location
New York, United States
Transaction Type
Buyout

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