Thursday, July 25, 2024
HomeFunding Center Raises $30 Mn in Series C Funding Round

[Funding alert] Center Raises $30 Mn in Series C Funding Round

A $30 million in Series C funding round has been secured by Center, a software startup that is transforming expenditure management.

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The Series C-Round funds will be utilized to push for profitability, expand distribution, and quicken innovation.

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“We are confident that how a payments platform integrates with other software packages will not only become a top priority for customers across industries but will also evolve into the most crucial payments differentiator,” said Naveen Singh, CEO of Center. “Opening up our platform and creating an ecosystem that can be deeply integrated, customized, and embedded natively inside of existing web and mobile applications provides value for the corporate customer, developer partners, and financial institutions alike. We see a fully integrated approach as the next frontier of innovation for expense management.”

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“Center’s enriched tech portfolio underlines the company’s vision of providing a seamless, end-to-end expense management experience from sales to deployment,” said Garth Timoll, Managing Director at Top Tier Capital. “As evidenced by continuous business momentum and customer growth, their card-first approac

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“We believe in Center’s vision of building a modernized expense management experience and are reiterating our commitment to this partnership with our additional investment,” said Henry Ellenbogen, Managing Partner and Chief Investment Officer at Durable Capital Partners LP. “Center’s focus on expanding their tech stack and offering plug and play solutions increases value to existing customers and unlocks multiple entry points into the market, creating new opportunities to serve a broader range of customers.”h is redefining what effective expense management is for the modern era. We look forward to supporting their growth in this next phase.”

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About Center

Center is a software company modernizing corporate card, travel, and employee expense management with one integrated solution. Our corporate card and connected software gives businesses real-time visibility into all employee spending, automates traditional expensing and accounting tasks, simplifies travel booking, and provides finance teams with the controls and data needed for optimal decision making. With a usage-based business model requiring no upfront investment, our card-first experience combines self-service configurability with first-class deployment to ensure customer success. Center is a privately held company headquartered in Bellevue, WA with team members nationwide.

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