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 raises $111 million in equity and debt to expand commercial card programs and AI expense management for construction and project-driven industries

Key takeaway

Speedchain, a fintech focused on commercial card programs and expense management for construction and other project-based sectors, completed a $111 million strategic financing round composed of equity and debt. The capital will be used to expand nationally, accelerate product development—especially AI-driven receipt and predictive coding modules—and push integrations and go-to-market efforts aimed at modernizing how project-level spending is tracked and controlled.

What the financing includes

The $111 million close combines both equity and debt. The debt portion was provided by Community Investment Management (CIM), a private credit impact investment manager. Equity backers in the round include GTM Fund, Village Global, TTV Capital, K5 Global, Tandem and Emigrant Bank. The financing is described as strategic and is intended to fuel national expansion and product innovation.

Planned uses of proceeds

Speedchain plans to use the proceeds to accelerate its national expansion and go-to-market strategy, to enhance product capabilities, and to modernize financial workflows for contractors and other project-based businesses. Specific roadmap items called out for funding include rollout of new modules for predictive coding and automated receipt workflows, and further development of integrations with enterprise systems.

Product and operational focus

The company positions its platform as a tool to deliver real-time visibility and control over project-level spending while automating receipt management and expense processing using AI. The platform is intended to bridge frontline field operations with back-office finance teams so that project managers and superintendents can monitor job costing in real time rather than reconciling at month end. Operational benefits claimed include reduced delays, improved accuracy, saved time, and more dynamic management of project expenses amid rising material costs and complex budgets.

Card program and integrations

Speedchain’s commercial card program is offered through Mastercard’s World Elite business network. The card program is paired with Speedchain’s software to aim at enhancing purchasing power, delivering rewards, and streamlining expense processing. The platform also supports seamless integrations with enterprise resource planning systems and has an explicit integration with Procore noted among its partners.

Partnerships and governance moves

As part of the company’s growth push, a national partnership with a major trade association in the construction space expands Speedchain’s reach across industry membership. In governance developments, an industry veteran with prior revenue leadership roles at large enterprise software and construction tech firms joined Speedchain’s board of directors. Investors and the company describe these moves as aligned with scaling financial infrastructure and go-to-market execution.

Positioning and market opportunity

Speedchain markets itself as a global provider of modern commercial card programs and advanced expense management solutions built for the construction and project-driven economy. The company frames its value proposition around automating time-consuming financial tasks, improving transparency from field-to-finance, maximizing rewards through card programs, and enabling businesses to scale with more efficient financial operations.

Timing and release

The announcement is dated Atlanta, Sept. 9, 2025. The release details the strategic nature of the financing and reiterates plans for product innovation, national expansion, and rolling out AI-enabled receipt and coding features to streamline expense management.

Why this matters to construction and project-driven firms

Construction and other project-based firms traditionally face fragmented spending across job sites, delayed reconciliation, and manual receipt processing. The financing aims to accelerate tools that target those pain points by offering real-time job costing, AI-assisted receipt workflows, and card-linked spending data that feed directly into accounting and ERP systems. For firms managing tight margins and fast-moving job costs, the functionality under development is presented as an operational lever to improve accuracy and response time.

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FAQ

Key features at a glance

Feature	What it delivers
Commercial card program	Corporate purchasing power with rewards and streamlined expense processing via Mastercard World Elite network
AI-powered receipt management	Automated capture and coding of receipts to reduce manual entry and speed reconciliation
Real-time project-level visibility	Allows field teams and finance to monitor job costing continuously instead of monthly
ERP and third-party integrations	Seamless data flow into accounting and project systems, including a Procore integration
Predictive coding module (roadmap)	Planned feature to apply machine learning to classify expenses and improve coding accuracy
National expansion and industry partnerships	Growth push through expanded market reach and a national trade-association partnership

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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