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Funding
Outpave raises USD 1.2 million in seed funding to finance expansion initiatives
Business Expense Management
May 8, 2024
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Business Expense Management

Business Expense Management

May 8, 2024

Outpave raises USD 1.2 million in seed funding to finance expansion initiatives

Funding

  • Outpave, a spend management startup for trade businesses, raised USD 1.2 million in a seed funding round led by Fritz-Pak Corporation.

  • The funds raised will be used for Outpave's expansion initiatives, which include enhancing its go-to-market strategies, reinforcing its sales channels, and developing product features to cater to the needs of the trade sector.

  • Outpave is a financial technology company that offers solutions for expense management, particularly tailored to the needs of construction and residential service businesses. It allows businesses to issue physical, mobile, and virtual cards instantly, enabling them to control spending by setting rules, limits, and restrictions on transactions. Its platform provides real-time analytics, automated expense tracking, and integration with accounting software like QuickBooks and NetSuite. 

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