Full-Time
Corporate card and expense management solution
$125k - $145k/yr
Senior, Expert
Remote in USA
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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 to clients, making it easy 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.
Company Size
51-200
Company Stage
Series C
Total Funding
$100M
Headquarters
Bellevue, Washington
Founded
2017
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Health Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
Stock Options
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’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
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.
American Express said Thursday it plans to acquire Center, a startup platform for expense management.
Business travelers continue to shun corporate booking tools, choosing consumer travel sites instead, according to new research.The survey from expense management specialistCenter revealed that 61% of business travelers don’t use the booking tools provided to them. In addition, despite the fact that 88% of respondents reported having a written travel policy, almost half of respondents, 49%, said employees are unaware of them, which makes compliance challenging, the research said.The report is based on responses from more than 200 finance leaders from mid-sized companies in the United States. Center said the finding show that modern travel booking and expense booking technology that meets the expectations of employees, alongside training, would boost the adoption of corporate booking tools. The survey found that 68% of employees are unaware of the current technology or find it “cumbersome.”