PayEm provides credit cards and software for companies to better manage their corporate spend
- With all the activity in corporate payments, there's still work to be done.
- Early stage firm PayEm has a credit card/software solution that helps firms streamline payments.
With EarlyStage, we go deeper into some younger companies that point to trends, products and services, and entrepreneurs that should be on your radar screen.
For a space as big as commercial cards, there are still so many opportunities to make a difference for fintech and payments startups. Joining me on the show is PayEm’s co-founder and CEO Itamar Jobani.
PayEm provides a corporate card and management tools for companies to streamline their spending. PayEm’s combination of plastic and software helps company leaders approve, track and manage vendors with rules to manage budgets and projects.
Jobani joins us on the podcast to share his vision for smart commercial cards, why he founded the company, and where he plans to lead his firm.
Company: PayEm
Founded: 2019
Who it’s built for: Controllers and other financial professionals who work with corporate budgeting and spending.
Genesis Story: In a previous position, co-founder and CEO Itamar Jobani was a software developer in an Israeli company that was developing an AI tool for diagnosis of rare diseases. It was there he came to realize the pain in the credit card world. His team paid for cloud services that ultimately it didn’t use. Nobody noticed within the company. After about four months and a few thousand dollars, his office manager realized that money was being wasted.
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