Paystand buys Teampay to enhance B2B payments platform with corporate spend management
Partially financed by Stifel Venture Banking, the deal marks Paystand’s second acquisition in two years.
Partially financed by Stifel Venture Banking, the deal marks Paystand’s second acquisition in two years.
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
The blockchain-powered payments firm will use the new capital to grow the business.
The round includes new investment from DNX Ventures, Battery Ventures and more.
B2B payments platform buddies up with cloud accounting firm.
Its digital platform will support domestic B2B commercial payments.