# PayEM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payem

- Industry: Financial Services
- Headquarters: Tel Aviv, Israel
- Website: www.payem.co
- Total disclosed funding: $47M
- Latest round: Series A (Jan 24, 2023)
- Investors on record: 8

## About

Based in Tel Aviv, Israel, and founded in 2019, PayEM, Inc. operates as a provider of financial services that offers a credit card and smart payment platform to customers. The company was co-founded by Itamar Jobani and Omer Rimoch. PayEm has 40 employees as of September 2021 and an office in New York. In September 2021, PayEM raised a total of USD 27 million in Seed and Series A funding from NFX, Pitango First, LocalGlobe, Fresh Fund, and Glilot Capital Partners.

The company's line of products includes Spend Management, Fund Requests, AP Automation, Reimbursement, Cross-Border Payments, and NetSuite Integration that enables its customers to control and automates their financial systems and ERP with customized request-to-approval workflow and payment solutions.

The company plans to launched new features to create corporate cards, triple its headcount, hiring in the United States, and bring additional features and payment capabilities to market.

## Funding rounds

- Series A, Jan 24, 2023, $20M — Pitango, Viola Group, Glilot Capital Partners, Collaborative Fund, Mitsubishi UFJ Financial Group, LocalGlobe, NFX
- Seed, Sep 1, 2021, $7M — Pitango, LocalGlobe, NFX, Fresh.fund
- Series A, Sep 1, 2021, $20M — Glilot Capital Partners

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A
- Fresh.fund (https://capitalatlas.ai/funds/fresh-fund) — Seed
- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Series A
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series A
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series A
- Mitsubishi UFJ Financial Group — Series A