# PayEm

> PayEm is a global B2B spend-management platform that connects employee requests, approval workflows, corporate cards, invoice processing, payments and ERP reconciliation. Founded by Itamar Jobani and Omer Rimoch, it grew from one developer's frustration with expense reports into a product used by hundreds of customers. In July 2026, Top Group's Nipendo subsidiary acquired the company for a reported $500,000 for its shares and committed up to $3.5 million more for liabilities and stabilization - a sharp reminder that PayEm's famous $247 million financing total included a $200 million credit facility, not just venture capital.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Itamar Jobani (Co-founder and CEO), Omer Rimoch (Co-founder and CTO)
- **Products:** Corporate cards, Spend requests and approvals, Accounts payable and AI invoice processing, Procurement and purchase orders, Multi-entity reconciliation
- **Notable:** Reached hundreds of customers across the United States and other global markets., Reported 300% customer growth and 550% revenue growth during 2022., Supported supplier payments to more than 200 territories in 130 currencies by early 2023.

## Products & services

- **Corporate cards** — Physical and virtual cards with configurable limits, policies, approvals and receipt collection.
- **Spend requests and approvals** — Custom request forms, dynamic approval workflows, budgets and audit trails before money moves.
- **Accounts payable and AI invoice processing** — Invoice capture, coding, approval, bill creation, matching and payment workflows.
- **Procurement and purchase orders** — Employee-led purchase requests, automated PO creation, vendor onboarding and policy controls.
- **Multi-entity reconciliation** — A unified interface for multiple subsidiaries and accounting instances with role-based access and ERP synchronization.
- **Digital Wallet** — Multi-currency wallets for local payments and cash-flow control across global operations.

## Achievements

- Reached hundreds of customers across the United States and other global markets.
- Reported 300% customer growth and 550% revenue growth during 2022.
- Supported supplier payments to more than 200 territories in 130 currencies by early 2023.
- Reported more than 500% quarter-over-quarter growth in revenue bookings in Q4 2024.
- Built native workflows spanning cards, employee requests, invoices, purchase orders and ERP reconciliation.
- Acquired by Top Group through Nipendo in July 2026, preserving the product inside a broader procure-to-pay platform.

## Latest updates

- **2026-09** — PayEm and Nipendo began presenting a combined procure-to-pay, AP automation and spend-management offering under Top Group.
- **2026-07** — Top Group's Nipendo subsidiary acquired PayEm. CTech reported $500,000 for the shares and up to $3.5 million of additional capital for liabilities and stabilization.
- **2025-01** — PayEm reported Q4 2024 revenue bookings up more than 500% quarter over quarter and highlighted new QuickBooks, Digital Wallet and CPA partner offerings.
- **2023-01** — The company announced $20 million in new equity and a $200 million warehouse credit facility.

## Links

- Website: https://www.payem.co/
- LinkedIn: https://www.linkedin.com/company/payemcard/
- Twitter/X: https://twitter.com/payemcard
- Instagram: https://www.instagram.com/life.at.payem/
- Facebook: https://www.facebook.com/PayEm-100922072326032

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Profile page: https://yespress.io/payem
Published by YesPress — https://yespress.io
Last updated: 2026-09-26