Expense management software company Center has raised $30 million in a Series C funding round led by Top Tier Capital Partners. Center aims to transform spend management with its card-first approach and usage-based pricing model.
The money will help accelerate innovation, expand distribution and drive profitability. Center plans to develop an open platform that lets third parties embed card and expense management features into existing web and mobile application workflows.
Center’s corporate card and connected software offering aims to give businesses complete visibility and control over employee spending. The platform works to automate expensing and accounting tasks, streamline travel booking and equip finance teams with data to help them optimize decision-making. The company has experienced significant customer growth, with a continued 64 percent increase year-over-year.
