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
- Industry
- Payments & Fintech
- Location
- New York, United States
- Transaction Type
- Buyout
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