Oversight, an Atlanta, GA-based global leader in spend management technology, received a strategic investment from TCV.
TCV will acquire a majority interest from Luminate Capital Partners, who will continue to support the company as a minority equity partner.
The investment is expected to help Oversight expand its product innovation and business reach.
Led by Terrence McCrossan, CEO, Oversight provides an AI-powered platform that digitally transforms audit and risk mitigation processes for enterprise organizations, finding risk across systems and spend channels. Using AI and best practices, Oversight continuously monitors and analyzes corporate card and vendor transactions quickly identifying fraud, errors, and wasteful spend to improve financial and compliance outcomes.