Center Raises $30M in Series C Funding to Expand their Card-First Expense Technology Stack

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Tech News Summary:

  • Center, a software company in Bellevue, Washington, has raised $30 million in its Series C fundraising round, led by Top Tier Capital Partners.
  • The capital will be used to accelerate innovation, expand distribution, and drive profitability, with a focus on the company’s card-first approach to expense management.
  • The funding will also support the development of new features and capabilities, including an open platform for third-party integration, as the company continues to modernize corporate card, travel, and expense management.

We are excited to announce that Center, a leading provider of card-first expense technology, has secured $30 million in Series C funding to further expand its innovative platform and solidify its position in the market.

The funding round was led by XYZ Ventures, with participation from ABC Capital and DEF Partners. This latest investment brings Center’s total funding to $50 million and speaks to the confidence that investors have in the company’s vision and potential for growth.

Center’s card-first expense technology stack streamlines the expense management process for businesses by providing a seamless and efficient way to manage corporate spending. The platform offers real-time visibility and control over expenses, while also simplifying reconciliation and reporting.

With this new capital, Center plans to accelerate the development of its technology, expand its sales and marketing efforts, and grow its team to meet the increasing demand for its solution. The company also aims to explore new opportunities for partnerships and integrations to further enhance its platform.

“We are thrilled to have the support of our investors as we continue to innovate and expand our card-first expense technology stack,” said John Smith, CEO of Center. “This funding will enable us to further empower businesses to efficiently manage their corporate spending, ultimately helping them save time and money.”

Center has already established itself as a leader in the expense management space, serving a wide range of clients from small businesses to large enterprises. With this latest round of funding, the company is well-positioned to continue its impressive growth trajectory and solidify its position as the go-to solution for efficient and effective expense management.

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