Teampay
Distributed spend management with pre-approval workflows, virtual cards, and automated reconciliation.
About
Teampay is a spend management platform for mid-market companies that flips the expense model: instead of reconciling purchases after the fact, it controls spend before it happens through pre-approval workflows. Employees request purchases inside Slack or Teams, managers approve with policy rules enforced automatically, and the purchase goes through virtual or physical cards with per-request limits. Transactions are then automatically categorized and reconciled into NetSuite, QuickBooks, Xero, or Sage Intacct. Reviewers on G2 rate it 4.4 out of 5 across 561 reviews, praising ease of use and the automation, while some note onboarding quirks and the lack of credit-line options compared with Brex or Divvy.
The company was founded in 2016 in New York and raised a $47 million Series B in 2022 before blockchain B2B payments company Paystand acquired it in April 2024, combining Teampay's spend controls with Paystand's payments network into a suite covering over a million businesses. The combined platform pairs spend management with AR automation and AP tools under Paystand's umbrella. Teampay does not publish pricing, so plans are quoted per company, which reviewers occasionally flag as a friction point versus free competitors.
What it can do
- Pre-approval workflows that block out-of-policy spend before purchase
- Virtual and physical cards with per-request spend limits
- Automatic transaction categorization and GL reconciliation
- Integrations: NetSuite, QuickBooks, Xero, Sage Intacct, Slack, Microsoft Teams
- Real-time budget visibility and multi-entity, multi-currency support
- Custom policy engine with spend limits and approval routing
- AP automation: invoice processing, payments, and purchase orders
Setup
- Contact Teampay (now under Paystand) for a demo and custom quote.
- Connect your accounting system: NetSuite, QuickBooks, Xero, or Sage Intacct.
- Define spend policies, approval chains, and budget limits.
- Issue virtual and physical cards and invite employees to request purchases via Slack or Teams.
- Let approvals, categorization, and reconciliation run automatically.
Prerequisites
A mid-market finance team; custom pricing via sales (no public tiers).
Use cases
Works with
Trust score — 7/10
Scored 7/10 (metrics tier, metrics-v1). Evidence: Paystand acquisition confirmed via Business Wire (April 2024); G2 4.4/5 across 561 reviews (g2.com); $47M Series B in 2022 (PYMNTS); reviewed in Ramp's 2026 spend management roundup. Strengths: real mid-market adoption, verified acquisition, strong integrations. Docked for: (1) no public pricing; (2) post-acquisition roadmap and standalone future unclear under Paystand. License: proprietary.
How the trust score is built
Full methodology →- Adoption · stars/downloads, log-scaled vs peers
- 7.0/10
- Maintenance · recency, releases, issue load
- 8.0/10
- Openness · license + docs
- 5.0/10
- Manual review · sanity read + red-flag check
- 7.0/10
- · Acquired by Paystand April 2024, combined network over 1M businesses (Business Wire)
- · G2 4.4/5 across 561 reviews; $47M Series B in 2022 (PYMNTS); founded 2016 in NYC
- · Integrations: NetSuite, QuickBooks, Xero, Sage Intacct, Slack, Microsoft Teams
- · No public pricing - custom quotes only; reviewers note friction vs free competitors
- · Post-acquisition roadmap and standalone future unclear under Paystand
Sources
Every fact above was checked against these sources. Where a claim comes from the provider and couldn't be independently verified, the text says so.