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 secures $111 million to scale commercial card programs and AI expense tools for construction
Fintech firm Speedchain has closed a strategic financing round that combines equity and debt to raise $111 million, in a push to expand nationally and speed up product development for construction and other project-driven industries. The announcement was issued from Atlanta on Sept. 9, 2025. The funding package includes private credit as well as new and existing equity backers.
What the money will fund
The financing is aimed at accelerating Speedchain’s national expansion and go-to-market work while supporting product innovation. Specific priorities include modernizing financial workflows for contractors and project teams and rolling out new platform modules that focus on predictive coding and automated receipt workflows. The company plans to use the capital to improve integrations, streamline onboarding for enterprise customers, and extend features that connect field operations to back-office finance.
Who backed the round and financing structure
The debt portion of the financing was provided by Community Investment Management (CIM), a private credit impact investor. Equity support came from a group that includes GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank. Leadership changes and strategic ties were highlighted alongside the financing: a former revenue leader with experience at enterprise software and construction tech companies joined the board, and a national partnership with a major construction trade association was announced to broaden industry reach.
Core product and claimed benefits
Speedchain provides commercial card programs paired with an expense management platform designed specifically for the construction and project-based economy. The company positions the product as offering real-time visibility and control over project-level spending, plus AI-powered receipt management that automates paperwork and speeds reconciliation. The platform is built to integrate with enterprise resource planning systems and other common construction tools, including a noted integration with a leading construction management platform.
Card program details and integrations
The company’s commercial card program is issued through Mastercard’s World Elite business network, which the company states brings broader purchasing power, rewards and streamlined expense processing to contractors. Seamless integrations with ERP systems and field software are promoted as a way to connect purchases at the jobsite to accounting and procurement systems in the office.
Operational impact for construction teams
Speedchain says its tools help project managers and superintendents track job costing in real time rather than waiting until month-end reconciliation. That shift is presented as a way to reduce delays, improve cost accuracy, save administrative time, and allow dynamic management of budgets as material costs and project complexity change. The platform is described as bridging the gap between frontline spending and back-office accountability, helping teams focus on higher-value work.
Strategic partnerships and governance
In addition to the financing, the company announced a national partnership with a major construction trade group to expand distribution among contractors and a board appointment of an industry veteran with experience in enterprise go-to-market and construction technology. Investors and the debt provider were framed as bringing expertise in scaling financial infrastructure and in backing fintech products that target underserved markets.
Market context
Construction and other project-based industries have long faced fragmented expense workflows, dispersed receipts, and delayed visibility into job-level costs. The financing signals investor belief that purpose-built commercial cards and AI-driven expense tools can address those operational gaps by automating receipt capture, improving matching to job codes, and providing faster reporting for finance teams.
Timing and disclosure
The transaction was announced on Sept. 9, 2025, and described in a company release as a strategic mix of equity and private credit. Company materials say the funding will accelerate product roadmap items and national go-to-market expansion as Speedchain pursues a broader footprint in construction and similar industries.
Frequently Asked Questions
What did Speedchain announce?
Speedchain announced a strategic financing package totaling $111 million, made up of both equity and debt, to expand national reach and accelerate product development for construction and project-driven industries.
Who provided the debt and who invested equity?
The debt portion was provided by Community Investment Management (CIM). Equity investors include GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank.
How will Speedchain use the funds?
The funds are intended for national expansion, product innovation, go-to-market growth, and to support rollout of new platform modules such as predictive coding and automated receipt workflows.
What does Speedchain’s product do?
The platform pairs commercial card programs with expense management software to provide real-time project-level spending visibility, AI-driven receipt automation, integrations with ERP systems, and tools to connect field purchasing to finance teams.
Which card network is used for Speedchain’s program?
The company’s commercial card program operates through Mastercard’s World Elite business network.
How does this affect contractors and project teams?
The tools aim to let field teams track job costing in real time, reduce reconciliation delays, improve accuracy, and make it easier to manage changing material costs and complex project budgets.
Key features at a glance
| Feature | What it does | Benefit |
|---|---|---|
| Commercial card program | Corporate cards issued via Mastercard World Elite | Streamlines purchasing, adds rewards and global acceptance |
| AI receipt management | Automates capture and categorization of receipts | Speeds reconciliation and reduces manual data entry |
| Real-time project visibility | Tracks spend at job level as purchases occur | Improves accuracy and allows faster budget decisions |
| ERP & field tool integrations | Connects spending data with accounting and construction systems | Bridges field and finance workflows for cleaner records |
| Predictive coding (roadmap) | Uses historical data to suggest coding and categorizations | Reduces errors and speeds processing of expenses |
Deeper Dive: News & Info About This Topic
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
Author: Construction TX News
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