Atlanta, September 10, 2025
News Summary
Speedchain, a fintech focused on commercial card programs and expense management for construction and project-driven industries, closed a $111 million financing comprised of debt and equity. The funding will support national expansion, product development and new AI modules for predictive coding and automated receipt workflows. Its platform pairs company cards with software that provides real-time, job-level spend visibility, automated receipt capture, and integrations with ERP and construction systems to speed reconciliation. The company plans partnerships and board additions to accelerate go-to-market efforts and help contractors improve cost control and accounting efficiency.
Speedchain secures $111 million to expand commercial card programs and AI expense tools for construction
A fintech company focused on construction and other project-driven industries completed a $111 million financing round combining equity and debt to grow its commercial card programs and AI-led expense management tools. The funding will be used to accelerate national expansion, add new product modules, and strengthen integrations with construction software and enterprise systems.
Key point
The company raised $111 million in strategic equity and debt. The debt portion came from a private credit impact investor. Equity backers include a mix of venture funds and banks. The proceeds will support go-to-market expansion, product innovation and rollout of new modules focused on predictive coding and automated receipt workflows.
Why this matters for construction and project-based work
The product is purpose-built for the construction and project-based economy and aims to give field teams and finance departments the same, up-to-date view of spending. That means project managers and superintendents can track job costs in real time rather than reconciling at the end of each month. The seller claims the software automates receipt management with artificial intelligence, provides end-to-end visibility of project-level spending, and integrates with enterprise resource planning systems to reduce delays and improve accuracy.
Financing details and investors
The financing package includes both debt and equity. The debt investor is a private credit impact investment manager known for backing fintech solutions in underserved markets. Equity investors named in the announcement include several venture funds and a bank that provide growth capital and go-to-market expertise. The investor group was described as bringing experience in scaling financial infrastructure and distribution.
Product and program highlights
- Commercial card program offered through Mastercard’s World Elite business network to deliver purchasing power, rewards and simplified expense processing.
- AI-powered receipt management that aims to automate receipt capture and classification.
- Real-time job costing so field teams can see costs immediately instead of waiting for month-end reconciliation.
- Seamless integrations with enterprise resource planning systems and construction software platforms; one integration with a major construction management platform was specifically mentioned.
Partnerships and governance updates
The company announced a national partnership with a large construction trade association to expand its reach across the industry. A new board appointment was also made: a former chief revenue officer from leading enterprise technology firms joined the board to support growth and go-to-market efforts.
Stated business objectives for the funding
The company plans to use the proceeds to:
- Expand its national sales footprint and industry partnerships.
- Accelerate product innovation, including new modules for predictive coding and automated receipt workflows.
- Modernize financial workflows to bridge the gap between frontline operations and back-office finance teams.
Operational benefits claimed
The platform is presented as helping construction firms and other project-driven businesses reduce processing delays, improve accuracy, save time, and manage rising material and labor costs with better visibility into budgets and spending. It is positioned as a tool to unlock rewards and simplify expense processing while giving finance teams the tools to scale.
Context and timing
The announcement was issued in early September 2025 and was distributed via a company news release. Additional coverage reported on the fundraise and highlighted the common challenge for construction finance teams in tracking receipts and reconciling costs across many job sites in real time.
What to watch next
Watch for the rollout of the promised predictive coding and automated receipt modules, any expansion of card program features through the World Elite network, and further integration work with ERP and construction management platforms. The new board member and the national trade association partnership are likely to shape sales and product priorities over the next 12 to 18 months.
Frequently Asked Questions
What did the company raise and why?
The company raised $111 million in combined equity and debt to expand its commercial card programs, accelerate national growth, and fund product enhancements, including AI-driven receipt automation and predictive coding modules.
Who provided the debt financing?
Debt financing was provided by a private credit impact investment manager that focuses on supporting fintech products in underserved markets.
Which investors participated on the equity side?
Equity backers include several venture funds and banking partners that are positioned to support scaling and go-to-market activities.
What products and integrations are involved?
The platform includes a commercial card program through Mastercard’s World Elite network, AI-powered receipt management, real-time job costing, and integrations with ERP systems and construction management software.
How will construction teams benefit?
Field teams can track expenses and job costs in real time, while finance teams gain end-to-end visibility to reconcile and manage budgets faster and more accurately.
Key features at a glance
| Feature | What it means |
|---|---|
| Commercial card program | Company-issued cards that pair with software to control spend, capture rewards and simplify purchasing on the job. |
| AI receipt automation | Automated capture and categorization of receipts to cut manual entry and speed reconciliation. |
| Real-time job costing | Field teams see up-to-date costs so managers can make decisions during the project rather than afterward. |
| ERP and construction software integrations | Data flows between field systems and back-office finance tools to reduce duplicate work and errors. |
| Predictive coding modules (roadmap) | Planned tools to automatically suggest expense categories and detect anomalies before they become problems. |
Deeper Dive: News & Info About This Topic
Additional Resources
- Pulse2: Speedchain secures $111 million to modernize financial workflows in construction
- Wikipedia: Speedchain (search)
- PR Newswire: Speedchain raises $111M in equity and debt financing
- Google Search: Speedchain $111 million
- Axios Pro: Speedchain $111 million for construction spend platform
- Google Scholar: Speedchain expense management construction
- Google News: Speedchain $111M
- Encyclopedia Britannica: construction industry finance
- Google Search: Mastercard World Elite commercial cards
- Google News: construction expense management
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
