Speedchain expands commercial cards and AI expense management

Atlanta, September 10, 2025

News Summary

Speedchain, a fintech focused on commercial card programs and expense management for construction and project-driven industries, closed a $111 million financing comprised of debt and equity. The funding will support national expansion, product development and new AI modules for predictive coding and automated receipt workflows. Its platform pairs company cards with software that provides real-time, job-level spend visibility, automated receipt capture, and integrations with ERP and construction systems to speed reconciliation. The company plans partnerships and board additions to accelerate go-to-market efforts and help contractors improve cost control and accounting efficiency.

Speedchain secures $111 million to expand commercial cards and AI expense tools for construction

Key takeaways

Speedchain, a fintech firm focused on commercial card programs and expense management for construction and other project-driven industries, completed a $111 million financing round made up of both debt and equity. The company said the funds will be used to accelerate national expansion, speed product development, and roll out new modules that add predictive coding and automated receipt workflows to its platform.

What happened and who backed it

The $111 million close includes a debt facility provided by Community Investment Management (CIM), a private credit impact investor, alongside equity backing from a group of venture investors including GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank. The company framed the financing as strategic capital to scale operations and refine its product for the construction and project-based economy.

Why the money matters

The financing is intended to support three main areas: nationwide growth of Speedchain’s commercial card and expense platform, ongoing product innovation (including AI-driven receipt automation and predictive coding), and strengthening the company’s go-to-market efforts with construction industry partners. The company positions these moves as work to modernize financial workflows that link field operations to back-office finance teams.

Product focus and claimed benefits

Speedchain’s platform centers on real-time visibility and control over project-level spending. It pairs a commercial card program—issued through the Mastercard World Elite network—with software that automates receipt capture and expense flows using artificial intelligence. The platform is described as offering end-to-end visibility, seamless integrations with enterprise systems such as Procore, and tools that help reduce reconciliation delays, improve accuracy, and save time for both field crews and finance teams.

Practically, the product aims to let project managers and superintendents track job costing as work happens instead of waiting for month-end reconciliation. That capability is presented as a way to manage rising material costs and complex budgets more dynamically, while also unlocking card rewards and streamlining spend approvals.

Partnerships, board moves and market reach

As part of the growth push, the company announced a national partnership with a major construction trade association to expand reach across building contractors and project managers. Leadership additions tied to the announcement include the appointment of an industry sales executive with prior senior roles in construction and enterprise software to the company board.

Roadmap and feature work

Funding will support the rollout of new software modules focused on predictive coding (to classify expenses and speed accounting workflows) and automated receipt workflows (to capture and process receipts with minimal manual effort). The company also emphasized continued investment in integrations with accounting and enterprise resource planning systems so that job-level spend flows into financial records with fewer handoffs.

Context and timing

The announcement was made from Atlanta on Sept. 9, 2025. The company describes itself as a global provider of modern commercial card programs and advanced expense management solutions built for the construction and project-driven economy.

What this means for contractors and finance teams

Contractors that adopt the platform could see faster report closing, fewer missing receipts, and more accurate job costing in near real time. The combined card and software approach is aimed at reducing time spent on low-value tasks so teams can focus on project delivery and cost control. Integration with commonly used construction systems is intended to reduce double entry and reconcile procurement with job budgets.

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FAQ

Key features at a glance

Feature	What it does	Primary benefit
Commercial card program	Pairs company-issued cards with software controls and card rewards via Mastercard World Elite.	Streamlines procurement and captures spend on the job; delivers card benefits and rewards.
AI-powered receipt management	Automates capture, classification, and storage of receipts using machine learning.	Reduces manual entry and missing receipts, speeds reconciliation.
Real-time job-level visibility	Shows spending tied to specific projects and cost codes as it happens.	Improves cost control and enables timely decisions on budgets and materials.
ERP and construction software integrations	Syncs spend data with accounting and job-management systems like Procore.	Reduces double entry and shortens month-end close cycles.
Predictive coding and workflow modules	Classifies expenses and routes approvals automatically based on rules and AI predictions.	Saves finance time and helps standardize cost accounting across projects.

Announcement date: Atlanta, Sept. 9, 2025.

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Additional Resources

• Pulse2: Speedchain secures $111 million to modernize financial workflows in construction
• Wikipedia: Speedchain (search)
• PR Newswire: Speedchain raises $111M in equity and debt financing
• Google Search: Speedchain $111 million
• Axios Pro: Speedchain $111 million for construction spend platform
• Google Scholar: Speedchain expense management construction
• Google News: Speedchain $111M
• Encyclopedia Britannica: construction industry finance
• Google Search: Mastercard World Elite commercial cards
• Google News: construction expense management