Speedchain closes $111 million financing to expand AI-driven expense management for construction and project-based industries
Speedchain Inc., a global fintech provider of commercial card programs and advanced expense management solutions, has announced a strategic $111 million financing that combines debt and equity to accelerate growth in the construction and other project-driven sectors. The round is aimed at expanding Speedchain’s reach, accelerating product development, and modernizing financial workflows across frontline operations and back-office finance teams.
The financing includes debt from Community Investment Management (CIM), described as a private credit impact investor, and equity backing from GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank. The arrangement is positioned to fund Speedchain’s national expansion, broaden product offerings, sharpen go-to-market execution, and support the rollout of new technology modules.
Proceeds are slated to support national expansion, product innovation, and the go-to-market strategy, while also modernizing financial workflows across the construction and other project-driven industries. In addition, the funds will back the introduction of new modules focused on predictive coding and automated receipt workflows.
Speedchain’s platform is marketed as providing real-time visibility and control over project-level spending, along with AI-powered receipt management and end-to-end visibility of project costs and corporate expense processing. The solution is designed to integrate seamlessly with ERP systems and other business software, bridging the gap between frontline operations and back-office finance.
A key functional benefit highlighted for field teams is the ability to track job costing in real time rather than waiting for month-end reconciliation, enabling dynamic management of project expenses. Additional operational claims include reductions in delays, improvements in accuracy, time savings, and better management of rising material costs and complex project budgets.
Speedchain’s card program operates through Mastercard’s World Elite business network, with claimed benefits including enhanced purchasing power, reward delivery, and streamlined expense processing. The combination aims to extend Speedchain software’s reach with Mastercard’s global network and benefits.
The company has an integration with Procore, highlighting interoperability with construction project management platforms. In leadership development, a former CRO with experience at Cloudera and Procore joined Speedchain’s Board of Directors, strengthening governance and go-to-market expertise. Separately, Speedchain formed a nationwide partnership with the Associated General Contractors of America (AGC), intended to broaden its footprint across the construction sector.
The financing is described as strategic, with the company stating the move will accelerate go-to-market execution, product innovation, and national expansion. The official pathway emphasizes continued modernization of financial workflows in historically underserved industries and the deployment of upcoming modules that leverage AI to improve efficiency and accuracy.
In presenting the financing and its strategic implications, Speedchain frames itself as a global provider of modern commercial card programs and advanced expense management solutions, positioned to bridge frontlines and finance through better data, real-time insights, and scalable technology.
The press release for the financing is dated in Atlanta, with the timing of the public notice noted in early September 2025, underscoring the company’s push to scale its platform and partnerships across the construction and project-driven economy.
Key developments tied to the round
- Appointment to the board of a former CRO from Cloudera and Procore to strengthen governance and scaling capabilities.
- Strategic national partnership with AGC to extend reach within the construction industry.
- Enhanced investor expertise in scaling financial infrastructure and go-to-market operations backing Speedchain’s growth.
Product positioning and market scope
Speedchain emphasizes its role as a global solution for modernizing financial workflows in the construction sector, with the aim of helping project managers, superintendents, and finance teams work together more efficiently by delivering real-time project costing and AI-enabled expense processing.
Release details
The financing announcement was issued from Atlanta on September 9, 2025, with the round described as a strategic equity and debt financing that includes a mix of debt and equity investments and aligns with Speedchain’s broader growth plan.
Notes on future roadmap
The company indicates the funds will fuel the rollout of predictive coding and automated receipt workflows, along with further ERP integrations and broader market expansion across construction and other project-based industries.