M&A Deal Summary

Paystand Acquires Teampay

On April 25, 2024, Paystand acquired internet software and services company Teampay

Acquisition Highlights
  • This is Paystand’s 1st transaction in the Internet Software and Services sector.
  • This is Paystand’s 1st transaction in the United States.
  • This is Paystand’s 1st transaction in New York.

M&A Deal Summary
Date 2024-04-25
Target Teampay
Sector Internet Software and Services
Buyer(s) Paystand
Deal Type Add-on Acquisition

Target

Teampay

New York, New York, United States
website
Teampay is a spend management software that helps larger SMBs and middle-market businesses across industries manage expenses. Teampay is based in New York City.

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Buyer(S) 1

Buyer

Paystand

Scotts Valley, California, United States

website

Category Company
Founded 2013
Sector Software
DESCRIPTION

Paystand creates an open and equitable commercial finance system, starting with a zero-fee network for B2B payments. Using blockchain and cloud technology, the company makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. Paystand was formed in 2013 and is based in Scotts Valley, California.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Yaydoo

Mexico City, Mexico

Yaydoo builds and distributes financial automation technologies that help businesses streamline B2B payments using software focused on procurement, spend management, accounts payable, and accounts receivable processes. Yaydoo was formed in 2017 and is based in Mexico City, Mexico.

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