When was Teampay founded?

Teampay was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Teampay located?

Teampay is headquartered in New York City, United States.

Who is the current CEO of Teampay?

Andrew Hoag of Teampay. They have also founded 1 company.

How many employees does Teampay have?

As of May 31, 2026, the latest employee count at Teampay is 17.

Is Teampay a funded company?

Teampay is a funded company, having raised a total of $65M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 23, 2016.

When was the latest funding round of Teampay?

Teampay's latest funding was a $***** Series B round on Nov 30, 2022, with participation from 5 investors.

Where does Teampay rank among its competitors?

Teampay ranks 29th amongst 983 active competitors, of which 162 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $312M in Nov, 2025.

Who are the top competitors of Teampay?

Teampay's top competitors include Coupa, Brex and Ramp. Among them, Ramp secured the most recent funding round in November, 2025.

Teampay - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of spend management platform automating accounts payable and purchasing processes. The platform offers features such as purchase order approval, spend approval, corporate credit cards, and accounting automation. It provides spend analytics, international payments, and procurement functionalities. The platform integrates with tools like Slack, Microsoft Teams, NetSuite, and QuickBooks Online. It offers solutions for accounting, finance, and businesses of various sizes.

Website: www.teampay.co/
Social
Email ID: *****@teampay.co
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

New York City, United States

Stage

Acquired

Total Funding

$65M in 8 rounds

Latest Funding Round

Series B, Nov 30, 2022, $*****

Investors

Fin Capital & 27 more

Ranked

29^th among 983 active competitors

Employee Count

17 as on May 31, 2026

Similar Companies

Coupa & 847 more

Exit Details

Acquired by PayStand (Apr 25, 2024)

View Teampay's full profile

Teampay is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Team Labs, Inc. CIN: 81-2628028 , United States, Active	Apr 27, 2016	-	35 (As on Dec 31, 2020)	-

Teampay got acquired by PayStand on Apr 25, 2024.

Click here to take a look at Teampay's acquisition in detail

Teampay has raised a total funding of $65M over 8 rounds. Its first funding round was on Aug 23, 2016. Its latest funding round was a Series B round on Nov 30, 2022 for $*****. 5 investors participated in its latest round. Teampay has 27 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Teampay:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 30, 2022	3391433	Series B	6062846	8840466	4479576	2037061
Nov 30, 2022	5863270	Conventional Debt	7917390	3540931	5469862	6475377
Oct 30, 2020	6005298	Series A	9527925	1454102	Fin Capital	Crosscut Ventures & 2 more

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View details of Teampay's funding rounds and investors

The founders of Teampay is Andrew Hoag. Andrew Hoag is the CEO of Teampay.

Here are the details of Teampay's key team members:

Andrew Hoag: Founder & CEO of Teampay.
Contact Info: 1 email address

View details of Teampay's Founder profiles and Board Members

Teampay's employee count trend

Teampay has 17 employees as of May 26. Here is Teampay's employee count trend over the years:

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Top competitors of Teampay include Coupa, Brex and Ramp. Here is the list of Top 10 competitors of Teampay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, Crosslink Capital & 18 others	87/100
2nd	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 63 others	85/100
3rd	Ramp 2019, New York City (United States), Series E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	85/100
4th	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Kinnevik, Bain Capital Ventures & 15 others	80/100
5th	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
6th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, Accel & 30 others	77/100
7th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, Tiger Global Management & 22 others	76/100
8th	Fyle 2016, Newark (United States), Acquired	Provider of expense management software automating receipt tracking and reconciliation	$15.4M	Pravega Ventures, Tiger Global Management ... & 24 others	76/100
9th	Emburse 2002, San Francisco (United States), Acquired	Provider of travel, expense, payment, invoice, and automation management solutions	$7.5M	Salesforce Ventures, IA Capital Group & 27 others	76/100
10th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	IVP, American Express & 7 others	75/100
29th	Teampay 2016, New York City (United States), Acquired	Provider of spend management platform automating accounts payable and purchasing processes	$65M	Savano Capital Partners, Rising Tide Fund ... & 26 others	63/100