Company Overview
Snapshot
Founded in July 2018 by Itamar Jobani and Omer Rimoch, PayEm operates with 11–50 employees. The company has raised $47.23 million across 6 funding rounds from 9 investors. In January 2023, PayEm secured debt financing from Viola Credit.
Business overview
PayEm is a global procurement and spend management platform that automates finance processes from request to reconciliation. The company's core technology focuses on reducing friction and tedious tasks for finance teams, enabling clients to increase productivity, reduce risk, and lower operating costs. PayEm serves enterprises and SMBs globally, operating within the Fintech & Insurtech sector, with products including mobile and web platforms for expense management.
Strategic signal
In January 2023, PayEm raised $20 million in equity funding and an additional $200 million in credit. This significant capital injection demonstrates strong investor confidence in PayEm's spend management solutions and positions the company for accelerated growth and market expansion, particularly in enhancing its product offerings and global reach.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent development for PayEm?
- In January 2023, PayEm raised $20 million in equity funding and secured $200 million in credit. This funding round saw Mitsubishi UFJ Capital as a lead investor, alongside Collaborative Fund.
- When did PayEm last raise debt financing?
- PayEm secured debt financing from Viola Credit in January 2023.
- Which investors participated in PayEm's SAFE round?
- In March 2022, PayEm received funding in a SAFE round with participation from Glilot Capital Partners.
- When did PayEm come out of stealth mode?
- PayEm came out of stealth mode in September 2021, announcing funding from investors including lead investor Glilot Capital Partners and Pitango First.
- Who were the lead investors in PayEm's Seed round?
- In August 2021, Pitango First led.