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 streamlines finance processes from initial request to final reconciliation. The company's core technology automates various financial tasks, aiming to reduce friction and tedious work for finance teams. By enhancing productivity, mitigating risk, and lowering operational costs, PayEm helps businesses achieve growth. It serves enterprises and SMBs, operating within the Fintech & Insurtech sector, specifically focusing on personal finance management through its mobile and web platforms.
Strategic signal
In January 2023, PayEm raised $20 million in equity funding and an additional $200 million in credit, signaling strong investor confidence in its spend management solutions. This capital infusion, including a lead investment from Mitsubishi UFJ Capital, positions PayEm to accelerate product development and market expansion, reinforcing its competitive stance in the global fintech landscape.
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.