Certify, Inc./Chrome River, a large independent portfolio of travel, expense and payment solutions, acquired Emburse, a San Francisco-based provider of virtual and physical cards for business expenses and vendor payments.
The amount of the deal was not disclosed.
Led by Nord Samuelson, president, Certify, Inc./Chrome River is an independent provider of travel, expense and payment solutions. The portfolio includes SaaS platforms Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. With innovative spend management applications such as real-time expense reporting, integrated travel booking, time tracking, and accounts payable automation, the company serves more than 11,000 organizations to manage corporate spend.
Customers include Anthem, Grant Thornton, Garmin, Mailchimp, Pinterest, Red Bull, Shopify, Subway, SurveyMonkey, Toyota, and Virgin Galactic.
Emburse will initially be integrated into the Abacus expense management platform, further strengthening the brand’s capabilities in supporting real-time expense reporting.
Led by Peter Lai, CEO, Emburse offers a range of corporate card solutions that allow organizations to enforce travel and expense policies, while providing employees and job candidates a simple way to make purchases. These solutions, ranging from traditional plastic cards to virtual cards delivered via texts or digital wallets, give businesses real-time insight and control over corporate expenses, by allowing administrators to set spending parameters.
Emburse has processed hundreds of millions of dollars of company spend over tens of thousands of credit cards, while doubling revenue every year.
FinSMEs
30/07/2019