News

Spend management platform Teampay expands partnership with Mastercard, raises $47M

November 30, 2022

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into — and control over — spend was becoming increasingly important with the economy’s ups and downs. TechCrunch

Andrew Hoag, CEO of Teampay on building expense management for the enterprise

June 20, 2022

Andrew is the founder and CEO of Teampay, an expense management platform. We spoke to Andrew on competition in the expense management market, Teampay’s GTM strategy, challenges in scaling corporate cards businesses, and selling to enterprise customers. Sacra

Teampay raises $4m so you don’t have to steal your CEO’s credit card anymore

February 22, 2018

The product allows companies to provide virtual credit cards to every employee, and then follows that up with a suite of approval workflow and analytics features that will make every CFO swoon and employees rejoice at the ease of buying services. The company announced today that it has raised $4 million in venture capital led by Rick Smith at Crosscut Ventures. TechCrunch.