PayEm

growth-positive

PayEm, a leader in spend management solutions, reported exceptional quarterly performance with a 500% increase in revenue bookings and strong customer growth. The company launched new products, including a Digital Wallet and QuickBooks Online integration, and established a new partnership program for CPA firms. These initiatives aim to streamline financial operations and expand PayEms market reach. Recognized as a top startup to work for in Israel, PayEm is actively hiring sales professionals to support its growth. The companys strategic moves underscore its commitment to innovation and market leadership in the spend management space.

growth-positive

PayEm, a fintech company that develops a platform for spend and procurement management, has raised $20 million in equity funding from Mitsubishi Financial Group, Collaborative Fund, and others. Additionally, the company secured $200 million in credit financing from Viola Credit. The funding was raised through a SAFE agreement, allowing investors to acquire equity in the company at a future date based on its valuation. PayEm aims to expand its activity with the support of investors like Mitsubishi and Collaborative. The company previously raised $20 million in a Series A round and $7 million in Seed funding. PayEms procurement and spend management platform offers solutions for smart procurement, AP automation, expense reimbursement, and smart credit cards. It focuses on mid-market companies that need to improve financial oversight while enabling employees to work more efficiently.

growth-positive

PayEm, a fintech company that developed an innovative SAAS platform for expense and procurement management, is opening a branch in Sderot and recruiting tech employees from the south for development roles. The company has chosen to open the site in Sderot to bring the hi-tech jobs and industry standards to the Gaza periphery. Initially, PayEm is hiring experienced employees in software development roles such as FullStack, Back End, Front End, and QA. The goal is to expand the activity in the southern site and fill around 10 positions in a short time. The companys decision to establish a presence in the area has received full and immediate support from the management.

growth-positive

Israeli fintech company PayEm is continuing its rapid growth and currently has around 25 open positions in various fields. The company has developed an innovative SaaS platform that allows for expense and procurement management for financial teams worldwide. PayEm has increased its workforce from around 5 employees to 85 employees by the end of 2021 and expects to double its number of employees in the coming year. The company is currently offering programming and development roles, as well as customer success and other positions in Israel and the United States.

growth-positive

PayEm, an Israeli spend and procurement platform, has raised $27 million in funding. The funding includes $7 million in seed funding and $20 million in Series A funding. The companys technology automates reimbursement, procurement, accounts payable, and credit card workflows. It provides real-time visibility into employee spending and allows for customized approval flows. PayEm experienced accelerated growth in Q2 2021, with a fourfold increase in transaction volume and significant revenue generation. The funding will be used to triple the companys headcount, expand in the United States, and develop new features and payment capabilities.