Midtown Atlanta, September 13, 2025
News Summary
Atlanta-based fintech Speedchain Inc. closed a $111 million mixed equity and debt financing to expand its commercial card and expense-management platform for construction and project-driven industries. The round includes debt from Community Investment Management and equity from multiple venture and institutional investors. Proceeds will accelerate go-to-market efforts, product innovation, national expansion, and lending capacity tied to the card program. Speedchain’s platform offers job-level visibility, AI-powered receipt processing, approval workflows, accounting integrations, and rewards optimization. Headquartered in Midtown Atlanta, the company has just under 40 employees and is actively hiring across engineering, finance, marketing, and sales.
Atlanta fintech Speedchain raises $111 million to scale construction-focused commercial card and expense platform
Mixed equity and debt round backed by private credit and multiple venture investors to push national growth and product expansion
Speedchain Inc., an Atlanta-based fintech that builds commercial card programs and expense-management tools for the construction and project-driven economy, announced on Sept. 9, 2025 that it has raised $111 million in outside capital. The package combines both equity and debt financing, with the exact split between the two not disclosed. The debt portion was provided by a San Francisco-based private credit impact manager, while a group of venture and institutional investors supplied the equity.
The company said the funding will be used to accelerate its go-to-market strategy, speed product innovation, and expand nationally. Leadership framed the capital as a push to modernize financial workflows in construction and other project-driven industries that have historically relied on slow, manual expense processes.
Speedchain’s leadership is based in Atlanta, with a team largely concentrated in the city’s Midtown office. The company currently has just under 40 employees and is actively recruiting for engineering, finance, marketing, and sales roles. Company hiring plans include tapping into a pipeline of engineering talent from a nearby technical university.
Who backed the round and what the capital will support
The debt financing came from a private credit firm focused on impact investments. Equity investors in the round include a mix of venture funds and financial institutions based across the U.S. The investor group listed in the announcement includes Arizona-based, Utah-based and New York-based firms along with several San Francisco-based investors and an Atlanta-based investor.
Company leaders noted the debt portion will help finance Speedchain’s lending side of the business, while equity proceeds will largely support market expansion and product work. The business offers a corporate card program through a major global card network’s World Elite business channel, and the platform markets itself as bridging the gap between frontline jobsite spending and back-office accounting.
Product evolution and market fit
Since the company was last covered in 2024, its product has undergone notable updates aimed at making field and finance workflows smoother. New and improved features include enhanced receipt management, improved export functions, and stronger approval flows so the right project manager or superintendent can approve a transaction in the field while tracking toward a monthly job budget. The platform also includes AI-powered receipt processing, end-to-end visibility and control over project-level spending, and integrations designed to move data from site to finance with fewer manual steps.
The card program and platform are positioned to help construction firms maximize rewards, streamline operations, and speed up job costing so teams do not have to wait until month-end reconciliations to see real-time spend by project.
Strategic partnerships and governance
Speedchain announced a new national relationship with the largest national association for contractors, positioning its card as a recommended payment solution for member firms. The company also added a senior industry executive with prior roles at two large enterprise companies to its board of directors to help guide scale and market partnerships.
Market recognition and placement
The funding round was highlighted as one of the larger announced U.S. financings in its release week and has been noted across multiple industry briefings that track venture and credit activity. Company spokespeople framed the raise as a key step toward capturing a significant opportunity to modernize financial tools in sectors that have felt underserved by traditional software.
What to watch next
Watch for product rollouts aimed at field-to-office integration, announcements about larger national distribution and partner deals, and hires in engineering and sales as the company scales. The debt portion of the round should also enable the fintech to expand lending-related features for contractors who need flexible payment and financing options on projects.
FAQ
What did Speedchain raise and when?
Speedchain raised $111 million in a financing round announced on Sept. 9, 2025. The package includes both equity and debt; the exact split was not disclosed.
Who provided the debt financing?
A San Francisco-based private credit impact manager provided the debt portion of the round.
Which investors took part on the equity side?
The equity group includes several venture and institutional investors based across the U.S., with participants headquartered in Arizona, Utah, New York, San Francisco and Atlanta.
How will Speedchain use the funds?
The company plans to use the funds to accelerate market expansion, invest in product innovation, grow nationally, and expand its lending capabilities for construction customers.
What does Speedchain’s product do?
The platform combines a commercial card program with expense-management tools built for construction and other project-driven businesses. Key functions include enhanced receipt management, approval workflows for project staff, AI-driven receipt processing and insights, and integrations to back-office systems.
Any partnerships or governance changes?
Speedchain announced a national relationship with the main contractors’ association and added an industry executive with experience at enterprise software and construction-focused companies to its board.
Where is Speedchain based and how big is the team?
Speedchain is headquartered in Atlanta, with most of the team working from a Midtown office. The company has just under 40 employees and is actively hiring across engineering, finance, marketing and sales.
Key features at a glance
| Feature | What it does | Why it matters for construction |
|---|---|---|
| Enhanced receipt management | Automates capture and categorization of receipts, with AI processing. | Reduces admin time for field staff and speeds month-end close. |
| Approval flows | Allows project managers and superintendents to approve transactions on the job. | Keeps spending aligned to job budgets in real time. |
| End-to-end visibility | Tracks spend from the field to the back office with exports and integrations. | Improves job costing accuracy and financial oversight. |
| AI-driven insights | Provides automated classification and actionable spending insights. | Helps teams spot trends and control costs faster. |
| Commercial card program | Offered through a World Elite business card channel on a major card network. | Enables rewards optimization and consistent payment controls on jobs. |
| Seamless integrations | Exports and connects data to accounting and ERP systems. | Eliminates manual data entry and sync errors between field and finance. |
| National partnership | Designated as a construction card solution for a major contractors’ association. | Expands reach to contractor members and speeds adoption. |
Deeper Dive: News & Info About This Topic
Additional Resources
- Hypepotamus: Speedchain Raises $111 Million
- Wikipedia: Speedchain
- PR Newswire: Speedchain Raises $111M in Equity and Debt
- Google Search: Speedchain $111 million funding
- Axios: Speedchain $111M — Construction Spend Platform
- Google Scholar: Speedchain construction spend platform
- Hypepotamus Company Profile: Speedchain
- Encyclopedia Britannica: construction technology
- BusinessWire: Speedchain & Polygon Partner for Layer-2 B2B Payments
- Google News: Speedchain
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