Brazilian corporate travel and expense management platform Paytrack raised $40M in a Series B round led by Riverwood Capital.
Paytrack simplifies travel and expense management for businesses by integrating payment solutions, automating workflows, and centralizing expense tracking on a single platform.
Paytrack plans to use the funds to accelerate product innovation, integrate new payment solutions, and expand into international markets.
“We are noticing a growing demand from our clients for tools that integrate management and payment, and we’re uniquely positioned to help companies cut costs while reducing the time required to manage travel workflows across their teams,” said Pedro Henrique Góes, CEO of Paytrack.
Founded in 2014, Paytrack managed over $100M in corporate expenses for 7,000 clients in 2024.
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