The daily example that international capital, investors or Israeli companies themselves continue to invest in Israel. They do not run away because some left-wing hysterics believe that Israel is sinking into dictatorship since the members of the Supreme Court will soon be determined by the Knesset – instead by an opaque body – and the legislature will get the last word, so as in all western democracies.
PayEm, the leading platform for spend and procurement management announced today $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth.
Itamar Jobani, CEO, PayEm. “With the current macroeconomic conditions, it’s never been more important for companies to have an efficient and clear lens into their financial health. We’re pleased to be that single source of truth for them as they may navigate turbulent times and supply chain issues, and simply need to do more with less.“
PayEm is a leader in the procurement and spend management space for the mid-market. PayEm, an “all-in-one” platform offers smart procurement solutions, AP automation, expanse reimbursement and smart credit cards.
PayEm focuses on mid market companies that are struggling to balance between improving their financial oversight while enabling employees to do their work easier and faster, providing them the tools to request and execute their spend.
PayEm is helping those companies by offering easy to use procurement workflows combined with world class payments and spend management capabilities. PayEm also has unique features such as supporting multi national entities and cross border payments
The PayEm platform enables finance and procurement teams to drive compliance, help create a culture of accountability, and to drive efficiencies and savings.
PayEm today supports customers around the world from its offices in San Francisco and Tel Aviv. Over the last year, PayEm grew its customer base by 300 percent and its revenues by 550 percent.