Atlanta, September 10, 2025
News Summary
Speedchain closed $111 million in combined debt and equity financing to expand its commercial card programs and expense management platform for construction and project-driven businesses. The capital will accelerate go-to-market efforts, product innovation, and a national rollout, while strengthening partnerships that pair software controls with a global card network’s benefits. The platform offers AI-powered receipt management, real-time job costing, corporate expense processing, and integrations with back-office systems to connect field purchasing with accounting. New board additions and a trade association partnership aim to broaden adoption among contractors and streamline job-level financial visibility.
Speedchain secures $111 million in strategic debt and equity to scale construction-focused spending platform
Key takeaways
Speedchain announced the close of $111 million in combined strategic equity and debt financing, with the debt portion provided by Community Investment Management (CIM) and a syndicate of equity backers including GTM Fund, Village Global, TTV Capital, K5 Global, Tandem and Emigrant Bank. The company said the funds will accelerate its go-to-market efforts, speed product development and support a nationwide rollout aimed at construction and other project-driven industries.
What happened
The financing was disclosed by Speedchain on Sept. 9, 2025, in a company announcement issued from Atlanta. Leadership described the round as a mix of strategic equity and private-credit debt designed to fuel expansion of its commercial card and expense management offering that targets jobsite spending and project-level accounting.
Why it matters
Finance teams at construction firms and other firms that manage many active job sites often struggle to collect receipts and reconcile costs in real time. Speedchain’s platform is positioned to bridge that gap by bringing controls and visibility to frontline spending while tying transactions back to project budgets and accounting systems.
How the money will be used
- Accelerate the company’s national go-to-market strategy.
- Fund product innovation, including enhancements to automation and analytics.
- Support broader commercial expansion and customer acquisition across construction and project-driven sectors.
Platform and partnerships
Speedchain offers a modern platform that provides end-to-end visibility and control over project-level spending. Key capabilities highlighted by the company include AI-powered receipt management, corporate expense processing, purpose-built card programs, AI-driven insights and seamless integrations with back-office systems. The company’s commercial card program runs through Mastercard’s World Elite business network, combining Speedchain’s software with the scale and rewards associated with a major payment network.
Recent company moves
Speedchain added an experienced sales and growth executive to its board and entered a new national partnership with a major trade organization representing construction contractors. Company officials framed these developments as steps to strengthen customer relationships and accelerate product adoption across the industry.
Investor and company perspectives (paraphrased)
Company leadership described the financing as a milestone that will help transform how commercial spending is managed in construction and related industries. The debt investor emphasized a focus on private credit that supports fintechs with real operational impact, saying Speedchain addresses a long-standing need in an underserved market by improving efficiency for project managers and finance teams. An equity backer noted the platform’s ability to let field teams track job costing in near real time rather than waiting for month-end reconciliation.
Who provided the financing
- Debt: Community Investment Management (CIM), a private credit impact investment manager.
- Equity: GTM Fund; Village Global; TTV Capital; K5 Global; Tandem; Emigrant Bank.
Context and outlook
Speedchain positions itself as a purpose-built fintech for the construction and project-based economy, aiming to connect frontline spending to back-office accounting with better transparency and smarter workflows. By pairing corporate card programs with automation and AI, the company intends to reduce manual reconciliation, help teams capture rewards, and give finance leaders clearer insight into project costs as they occur.
Contact and announcement details
The company announced the financing on Sept. 9, 2025, from Atlanta. A help line listed with the release is 888-776-0942 (hours noted as 8 AM–10 PM ET).
Frequently Asked Questions
How much did Speedchain raise?
Speedchain closed $111 million in combined strategic debt and equity financing.
Who provided the debt portion?
The debt financing was provided by Community Investment Management (CIM), a private credit impact investment manager.
Which firms took equity positions?
Equity investors named in the transaction include GTM Fund, Village Global, TTV Capital, K5 Global, Tandem and Emigrant Bank.
What will the funding be used for?
The capital will be used to accelerate go-to-market efforts, invest in product innovation, and expand Speedchain’s national footprint in construction and other project-driven industries.
What does Speedchain’s platform do?
Speedchain provides commercial card programs and expense management tools that offer project-level visibility, AI-assisted receipt management, automated expenses, and integrations to streamline operations from the field to finance.
Is there a card program partner?
The company pairs its software with a major payment network through a World Elite business program to combine software controls with payment-network benefits.
How does this affect construction companies?
Construction firms can benefit from faster receipt capture, real-time job costing, and tighter controls on project spending, which reduces manual work and shortens reconciliation cycles.
Table: Key features of Speedchain’s platform and financing
| Feature | Description |
|---|---|
| Capital raised | $111 million in strategic equity and debt. |
| Debt partner | Community Investment Management (CIM), private credit impact investor. |
| Equity investors | GTM Fund; Village Global; TTV Capital; K5 Global; Tandem; Emigrant Bank. |
| Core capabilities | End-to-end project spending visibility, AI-powered receipt management, corporate expense processing, card programs, and integrations. |
| Card network | Program offered through a World Elite business network to combine software controls with payment benefits. |
| Primary markets | Construction and other project-driven industries needing field-to-finance expense controls. |
| Planned use of funds | Go-to-market acceleration, product innovation, national expansion. |
Deeper Dive: News & Info About This Topic
Additional Resources
- PR Newswire: Speedchain raises $111M to accelerate expansion and innovation for construction and project spending
- Wikipedia: Speedchain
- Axios Pro: Speedchain $111 million construction-spend platform
- Google Search: Speedchain
- MarketScreener: Speedchain raises $111M to drive growth in construction and project spend tech
- Google Scholar: Speedchain
- PR Newswire: Speedchain Inc. appoints Tooey Courtemanche to Board of Directors
- Encyclopedia Britannica: Speedchain
- Google News: Speedchain
- Google Search: Speedchain construction expense management
Author: Construction TX News
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