Center

Corporate card and expense management solution

Bellevue, Washington, United States

About Center

Center provides a corporate card and expense management solution aimed at helping businesses manage employee spending more efficiently. The CenterCard Mastercard captures spending in real-time and automates the entire expense process, making it easier for companies to handle their finances. This system saves time during month-end close and enhances compliance by eliminating the need to track down receipts. Unlike many competitors, Center offers a seamless implementation experience at no cost to clients, making it simple for businesses to adopt their solution. The goal of Center is to empower businesses with real-time data to support better decision-making and streamline their expense management.

Bellevue, WashingtonHeadquarters
2017Year Founded
$97.3MTotal Funding
SERIES_CCompany Stage
Data & Analytics, FintechIndustries
51-200Employees

Benefits

Health Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
Stock Options

Risks

Increased competition from Uber for Business could challenge Center's market share.
AI-powered assistants in corporate travel may disrupt traditional expense management.
Resource allocation for travel integration may impact other business areas.

Differentiation

Center offers a unique integrated corporate card and expense management solution.
Real-time data insights help businesses make informed financial decisions quickly.
Center's solution automates the entire expense process, enhancing efficiency and compliance.

Upsides

Center raised $30M in Series C funding for technology and market expansion.
Integration of travel management enhances Center's comprehensive expense solution.
Appointment of Amy Padgett signals strategic focus on expanding travel-related offerings.

Funding

Total raised$97.27 M
Latest valuation$250.00 M
StageSERIES_C
SERIES B
9/30/2022
$15
$250.00 M
LATE VC
3/31/2020
$5
$25.00 M