Boston-based BlueBean secures $1.3million in funding. Tola Capital led this round. The money will be used by the business to finance support staff and product development.
BlueBean, led by CEO Fabrice Saporito, provides a solution to assist companies in controlling their spending. Its goal is to help businesses without procurement departments boost their bottom line by lowering their purchase expenses.
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Any company without an internal procurement team can benefit from its discount codes, negotiated prices on over twenty purchase categories, and thousands of products and services. These enable them to make purchases that fall within their purview without adding more steps or personnel to the process.
Fabrice Saporito said: “We’re excited to have Tola on board with its expertise and commitment to our shared vision of a transformational product experience that delivers discount pricing and cost savings directly to businesses.”
About BlueBean
The Browser Extension for Expense Management in Business. Their goal at BlueBean is to increase the profitability of smaller enterprises in order to build a more sustainable business ecosystem. They think they can help them attain this next level of sustainability by enabling them as professional buyers with cutting-edge technologies.
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