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Looking Within The Enterprise To Unlock Spend Data Silos

PYMNTS

In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

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Paylocity to Acquire Airbase in $325 Million Deal

CPA Practice

HR and payroll software solutions provider Paylocity has struck a deal to acquire spend management platform Airbase for $325 million, the companies said in a media release on Sept. The deal is being funded by borrowings under Paylocity’s revolving credit facility. Canada, India, and the Philippines.