Paytrack, a Brazil-based corporate travel and expense management platform provider, has raised $40 million in Series B funding.
Investors
The round was led by Riverwood Capital, a private equity firm focused on high-growth technology and technology-related companies that need capital and expertise to scale globally. Founded in 2008, Riverwood has supported over 75 companies and has offices in Menlo Park, Miami, New York, and São Paulo.
Paytrack Use of Funds
The funds will be used to accelerate product innovation, integrate new payment solutions, and expand into international markets.
About Paytrack
Founded in 2014, Paytrack offers a comprehensive corporate travel and expense management platform. It allows companies to manage, track, and control corporate travel costs and processes. Its solutions are designed to cater to a wide range of sectors, from small businesses to large corporations. Paytrack serves over 7,000 active clients and has reached 1 million users.
Funding Details
Company: Paytrack
Raised: $40.0M
Round: Series B
Funding Date: January 2025
Lead Investor: Riverwood Capital
Additional Investor:
Company Website: https://paytrack.com.br/
Software Category: Travel and Expense Management
Source: https://latamlist.com/paytrack-raises-40m-series-b-led-by-riverwood-capital/