Center

Center

Corporate card and expense management solution

About Center

Simplify's Rating
Why Center is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Fintech

Company Size

51-200

Company Stage

Series C

Total Funding

$100M

Headquarters

Bellevue, Washington

Founded

2017

Overview

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 financial transactions. This system saves time during month-end close and enhances compliance by eliminating the need for manual receipt tracking. Unlike many competitors, Center offers a seamless implementation process at no cost, ensuring that businesses can quickly adopt the solution without disruption. The goal of Center is to empower businesses with real-time data to facilitate better decision-making and streamline their expense management.

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition by American Express could expand Center's market reach.
  • Integration with AI-driven analytics enhances financial decision-making.
  • Growing demand for mobile-first solutions supports Center's offerings.

What critics are saying

  • Integration challenges with American Express systems could delay benefits.
  • Competitive landscape intensifies with new entrants like Juno.
  • Potential shift in company culture post-acquisition may lead to employee turnover.

What makes Center unique

  • Center offers a unique integration of corporate card and expense management.
  • Real-time data insights enhance decision-making for finance teams.
  • Easy implementation with no cost ensures a smooth rollout for clients.

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Funding

Total Funding

$100M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

2%

2 year growth

5%
GeekWire
Apr 2nd, 2025
Madrona Backs New Startup Tackling Corporate Guest Travel

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Juno co-founders Devon Tivona (left) and Sam Felsenthal. (Juno Photo)Juno, a platform designed to help manage corporate guest travel, raised $2 million in seed funding, the company announced Tuesday.The round was Seattle-based Madrona and Bungalow Ventures. Steve Singh, managing director at Madrona and co-founder of Concur, led the investment for Madrona.Denver-based Juno sees guest travel as a major pain point for companies that have already modernized employee travel with booking tools and automation. When it comes to guests — such as recruits, contractors, trainees, speakers, and customers — many companies still depend on travel agents, spreadsheets, and long email threads to manage their trips.Juno’s platform guides coordinators and their guests through booking, logistics, payments, reimbursements, and reconciliation.Portland, Ore.-based Devon Tivona and Denver-based Sam Felsenthal are co-CEOs and co-founders at Juno. They previously co-founded Pana, another corporate guest travel platform, that was acquired by Coupa in 2021.“Guest travel has always been the glaring gap in the corporate travel stack,” Tivona said in a news release

PYMNTS
Mar 6th, 2025
Amex Acquires Center To Bolster Small Business Expense Management

American Express is set to purchase expense management software firm Center. The deal is aimed at helping American Express (Amex) bolster its services for small businesses, according to a Thursday (March 6) news release. “As a leader in corporate and small business cards, it is our job to deliver innovative products and services that help customers run their businesses more efficiently,” Raymond Joabar, president for global commercial services at Amex, said in the release

GeekWire
Mar 6th, 2025
American Express To Acquire Center, A Seattle-Area Expense Management Startup

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Center CEO Naveen Singh. (Center Photo)American Express announced Thursday that it plans to acquire Center, a Bellevue, Wash.-based startup that helps businesses manage expenses.Terms of the deal were not disclosed. The acquisition is expected to close in the second quarter of 2025.Center targets middle-market companies that use its software to track corporate spending on travel and other expenses. It also offers a corporate credit card.Center had raised more than $140 million from private investors since launching in 2017. It has about 160 employees; full-time workers will join American Express when the acquisition closes.Center raised $30 million in December 2023

CityBiz
Mar 6th, 2025
American Express Acquires Center for Expense Management

American Express announced an agreement to acquire Center, a software company specializing in expense management. The acquisition aims to integrate Center's technology with American Express' corporate and small business cards to create a seamless expense management platform. This will enhance efficiency by automating tasks and ensuring compliance. The acquisition is expected to close in Q2 2025, subject to customary conditions.

Skift
Mar 6th, 2025
American Express to Acquire Center, an Expense Management Startup

American Express said Thursday it plans to acquire Center, a startup platform for expense management.

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