Teampay
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Teampay was a US spend management software company founded in 2016. Its platform helped finance teams automate accounts payable and corporate expense controls, digitizing the workflow CFOs use to manage employee purchasing. The company raised $65 million in total venture funding.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Teampay is founded in the US to build spend management software for finance teams.
- Acquired by Paystand
On April 25, 2024, blockchain-enabled B2B payments company Paystand acquires Teampay; financial terms are not disclosed, and Paystand continues to run the Teampay brand.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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