expense management

Ramp expands into procurement, lands Shopify as a customer

Ramp continues to ramp up its business. The fintech startup announced today that it is entering the procurement space as it focuses more on “complex” enterprises and that it has landed a n

Jeeves hits over $40M in annualized revenue as it expands beyond corporate credit cards

In September of 2021, Jeeves began offering corporate credit cards as its primary product — with a primary focus on Latin America — after participating in Y Combinator’s summer 2020 batch. By th

Navan takes a swipe at expense management startups with new Mastercard and Visa partnerships

Want more fintech news in your inbox? Sign up here. In recent years, a number of startups have made a business out of providing corporate credit cards to companies. These players compete not only with

Brex takes a swipe at Concur with an expansion into travel

In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. Besides seeking to snag market share from incumbents such as Con

Amex and Microsoft turn to AI to make expense reports less horrible

ChatGPT is getting all the attention as of late, but modern AI technologies have a range of use cases beyond finally making Bing useful. One emerging trend is putting AI to work to aid with the frustr

A conversation with Andreessen Horowitz’s fintech leads

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive

Use a scalpel when cutting startup expenses, not an axe

Experienced sailors know that if they turn the wheel too hard, they will soon need to compensate by turning it in the other direction, or they will capsize the boat.

Fintech isn’t dead, as Ramp reports accelerating revenue growth

Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the start of the ye

Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation

Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and easy. Tech is rus

Expense management provider Emburse goes head-to-head with Brex and Ramp

With 12 million users and nearly $200 million in annual recurring revenue, expense software provider Emburse has built much of its business in the enterprise. Historically, it has competed with legacy

London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. The London-based company provides identity, data and payments products that

Fintech startup Jeeves raises $180M, quadruples valuation to $2.1B in half a year

Less than seven months after closing on a $57 million Series B, fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 billion. Financial technology co

Ramp confirms new $8.1B valuation after ‘a nearly 10x’ YoY increase in revenue

Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion. In early February, The In

Coast lands $27.5M from VC firms, slew of founders to provide expense management to fleet operators

Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million in a Series A financing co-led by Accel and Insight Partners.  The r

Global Processing Services adds $100M to its coffers to grow its embedded finance and API payments platform

Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping t

Flexbase unveils construction industry’s first credit card

The company referred to the 60 days of interest-free financing as “a game-changer” for an industry where it typically takes over 100 days to get paid.

Expensify CEO David Barrett discusses going public and why expense management is a $1T opportunity

"I think what is really driving this, honestly, is just liquidity for our early shareholders. We haven't raised money in so long that our VCs basically just need liquidity."

Inside Expensify’s IPO filing

Expensify filed to go public late last Friday, adding its name to the growing roster of technology companies looking to list during this period of hot valuations and strong recent debuts. GitLab, for

Aspire raises $158M Series B to build a full-stack “financial operating system” for Southeast Asian businesses

Aspire, the Singapore-based neobank that wants to become an “end-to-end financial operating system” for Southeast Asian businesses, is moving closer to its aspirations with a $158 million Series B

Ramp raises $300M at a $3.9B valuation, makes its first acquisition

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