Atlanta, September 10, 2025
News Summary
Speedchain closed $111 million in combined debt and equity financing to expand its commercial card programs and expense management platform for construction and project-driven businesses. The capital will accelerate go-to-market efforts, product innovation, and a national rollout, while strengthening partnerships that pair software controls with a global card network’s benefits. The platform offers AI-powered receipt management, real-time job costing, corporate expense processing, and integrations with back-office systems to connect field purchasing with accounting. New board additions and a trade association partnership aim to broaden adoption among contractors and streamline job-level financial visibility.
Speedchain closes $111 million to grow its construction-focused commercial card and expense platform
Key deal: $111 million in strategic debt and equity
Speedchain has closed $111 million in strategic debt and equity financing to expand its commercial card programs and expense management software aimed at construction and other project-driven businesses. The financing mix includes debt from a private credit impact manager and equity investments from multiple venture and bank partners. The company announced the deal in a press release dated September 9, 2025 from Atlanta.
Why the money matters
The company said it will use the funds to accelerate its go-to-market work, speed up product innovation, and support a national rollout. The capital aims to help construction firms and similar companies get faster, clearer control over job-level spending — a common problem where receipts and costs are tracked late and across many job sites.
Who is backing the deal
Debt financing was provided by a private credit impact investment manager focused on fintech and underserved markets. Equity investors named in the financing round include several venture and strategic backers as well as a bank partner. The group brings experience in scaling financial infrastructure and market expansion.
What the platform offers
Speedchain’s platform is built to give builders and project teams end-to-end visibility and control over project-level spending. Features highlighted by the company include AI-powered receipt management, corporate expense processing, powerful card programs, AI-driven spending insights, and seamless integrations with back-office systems. The platform is designed to automate routine financial tasks, increase rewards capture, and connect field purchasing with accounting teams.
Card program and partnerships
The Speedchain card program is offered through a global payment network’s World Elite business offering, pairing the company’s software controls with a major card network’s benefits and reach. Alongside the financing, Speedchain said it has launched a national partnership with a major construction trade association to make its tools available to more contractors.
Board and leadership moves
As part of its recent developments, the company added a new board member with executive experience from Procore and enterprise software firms. Company leadership described the financing as a milestone that strengthens the business case for modern financial tools in construction and project-driven industries.
Investor and lender perspectives
The debt provider noted interest in fintech solutions that address gaps in historically underserved markets, saying the platform helps project managers and finance teams be more efficient and cost effective. An equity investor highlighted the value of real-time job costing in the field and said the platform’s AI-driven features reduce manual reconciliation and speed up decision-making.
Market context
Construction firms often juggle receipts, subcontractor invoices, and daily job costs across multiple sites. Finance teams traditionally reconcile expenses at month end, which can delay insight into budget overruns or opportunities to reallocate resources. Speedchain positions its product to bring that information closer to real time and to tie frontline spending to back-office accounting.
What to expect next
The company plans to deploy the new capital across sales and marketing, engineering and product development, and a broader geographic push. Customers should see deeper integrations, more AI-driven features for expense and receipt handling, and wider availability of the card program tied to the World Elite business network.
Press contact
In-language news contact: 888-776-0942 (8 AM – 10 PM ET)
Frequently Asked Questions
Q: How much did Speedchain raise?
A: Speedchain closed $111 million in combined debt and equity financing.
Q: Who provided the debt and equity?
A: Debt was provided by a private credit impact investment manager. Equity investors include several venture funds and a bank partner that joined the round.
Q: What will the funds be used for?
A: The company plans to use the funds to speed up its go-to-market efforts, invest in product innovation, and expand nationally.
Q: What does Speedchain’s platform do?
A: The platform offers commercial card programs, AI-powered receipt management, corporate expense processing, real-time job costing, integrations with back-office systems, and analytics to connect field spending to finance.
Q: Which industries does this target?
A: The product is purpose-built for construction and other project-driven industries where job-level tracking and real-time visibility are critical.
Q: Is there a card partnership?
A: Yes. The Speedchain card program is offered through a World Elite business card network, combining the company’s software controls with a global card network’s benefits.
Key features at a glance
| Feature | Description |
|---|---|
| Amount raised | $111 million in strategic debt and equity financing |
| Debt provider | Private credit impact investment manager focused on fintech and underserved markets |
| Equity investors | Multiple venture and strategic investors, plus a bank partner |
| Uses of capital | Go-to-market expansion, product innovation, and national scaling |
| Platform capabilities | End-to-end project spending visibility, AI receipt handling, expense processing, card programs, integrations |
| Card program | Offered through a World Elite business card network to combine software controls with card benefits |
| Recent developments | New board appointment with enterprise software experience and a national trade association partnership |
| Target users | Construction companies and other project-driven businesses needing job-level finance controls |
| Contact | In-language news contact: 888-776-0942 (8 AM – 10 PM ET) |
Deeper Dive: News & Info About This Topic
Additional Resources
- PR Newswire: Speedchain raises $111M to accelerate expansion and innovation for construction and project spending
- Wikipedia: Speedchain
- Axios Pro: Speedchain $111 million construction-spend platform
- Google Search: Speedchain
- MarketScreener: Speedchain raises $111M to drive growth in construction and project spend tech
- Google Scholar: Speedchain
- PR Newswire: Speedchain Inc. appoints Tooey Courtemanche to Board of Directors
- Encyclopedia Britannica: Speedchain
- Google News: Speedchain
- Google Search: Speedchain construction expense management
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