Paystand Acquires Teampay for Giant Leap Toward B2B Payment Revolution [Yahoo! Finance]
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
SCOTTS VALLEY, Calif., April 25, 2024 BUSINESS WIRE )--Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network. The acquisition marks the next step in Paystand's trajectory towards building an industry-wide decentralized finance (DeFi) network, once considered a pipe dream, capable of connecting buyers and suppliers at scale. This milestone, in combination with partnerships with NetSuite, Sage, and Microsoft Dynamics 365 Business Central, as well as the acquisition of the payment platform Yaydoo in 2022, represents a culmination of multiple years of payment innovation. The company and platform have been recognized by Deloitte, Juniper Research, Inc. Magazine, and most recently the FT 500 List of Fastest Grow
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