Company Overview
Snapshot
Founded in July 2018 by Itamar Jobani and Omer Rimoch, PayEm operates with 11–50 employees. The company has raised a total of $47.23 million across 6 funding rounds from 9 investors. In July 2026, PayEm was acquired by Nipendo.
Business overview
PayEm is a global procurement and spend management platform that streamlines finance processes from request to reconciliation. The company's core technology automates financial operations, reducing friction and tedious tasks for finance teams. PayEm serves various markets by enhancing productivity, mitigating risk, and lowering operating costs for businesses. It operates within the Fintech & Insurtech sector, focusing on enterprise solutions, payments, and credit cards.
Strategic signal
In July 2026, PayEm was acquired by Nipendo. This acquisition signals a strategic consolidation within the fintech sector, indicating that PayEm's expense management and procurement automation capabilities will likely be integrated into Nipendo's offerings. For investors, this highlights the potential for exits in the spend management space, even for companies that have raised significant capital.
Log in to access full profile ›Company Intelligence Q&A
- What is PayEm's primary business activity?
- PayEm provides a global procurement and spend management platform that automates finance processes from request to reconciliation, aiming to increase productivity and reduce risk for finance teams.
- When was PayEm founded and by whom?
- PayEm was founded in July 2018 by Itamar Jobani and Omer Rimoch.
- What was a significant recent corporate development for PayEm?
- In July 2026, PayEm was acquired by Nipendo.
- Which investors participated in PayEm's January 2023 funding round?
- In January 2023, PayEm received funding from Mitsubishi UFJ Capital and Collaborative Fund.
- What was a key milestone for PayEm in September 2021?
- In September 2021, PayEm emerged from stealth mode and announced it had secured funding, with Glilot Capital Partners leading the round.