A business that previously raised a significant amount of money is now being sold for a symbolic $500,000, with the buyer pledging to contribute up to an extra $3.5 million. This sum will mostly be used to lower obligations and stabilize the company’s financial situation.
Itamar Jobani and Omer Rimoch founded PayEm in 2020 with the goal of creating a SaaS platform for corporate cost management, control, and automation.
Corporate debit and credit card issuance and management, procurement process automation, multi-currency digital wallet management, and financial connectivity with intricate business ERP systems were all included in the platform’s all-inclusive solution.
