Speedchain, a fintech company specializing in commercial card programs and expense management for project-driven sectors, has announced the close of $111 million in strategic equity and debt financing. The round includes debt financing from Community Investment Management (CIM), a private credit impact investor, and equity backing from GTM Fund, Village Global, TTV Capital, K5 Global, Tandem, and Emigrant Bank.
This funding will accelerate Speedchain’s national expansion, product innovation, and go-to-market strategy. The company is focused on transforming how financial operations are managed in industries like construction, where traditional tools often fall short. Speedchain’s platform offers real-time visibility and control over project-level spending, automates receipt management using AI, and integrates seamlessly with enterprise resource planning systems.
Recent developments include the appointment of Dennis Lyandres, former CRO at Cloudera and Procore, to Speedchain’s board, and a strategic partnership with The Associated General Contractors of America (AGC), which expands Speedchain’s reach across the construction industry.
Speedchain’s platform is designed to bridge the gap between field operations and finance teams. It enables project managers to track job costs in real time, reducing delays and improving accuracy. The company’s card program, offered through Mastercard’s World Elite business network, enhances purchasing power while delivering rewards and streamlined expense processing.
The funding will also support the rollout of new modules focused on predictive coding and automated receipt workflows, helping contractors manage rising material costs and complex project budgets. Speedchain’s integration with Procore further strengthens its position as a go-to solution for modernizing financial workflows in construction.
KEY QUOTES:
“This financing represents a major milestone in Speedchain’s mission to transform how commercial spending is managed. Our partners bring deep expertise in scaling financial infrastructure and go-to-market excellence. We’re thrilled to team up with CIM and our broader investor group as we build the most advanced financial platform for construction and project-driven industries.”
Daniel Cage, CEO of Speedchain
“Community Investment Management is excited to partner with Speedchain. They are addressing a need in a historically underserved market. CIM focuses on supporting powerful and innovative fintech products that have impact, and Speedchain does exactly that – by making project managers as well as finance teams in construction more efficient, more cost effective and smarter by leveraging their platform.”
Jacob Haar, Managing Partner of CIM
“This funding underscores the tremendous opportunity to modernize financial workflows in industries historically underserved by traditional tools. Finance leaders in construction can now scale their business with the visibility, control and efficiency they need at the project level.”
Dennis Lyandres, Speedchain, Board Member
“Speedchain is solving a long-standing challenge for construction companies – making it possible for project managers and superintendents in the field to track job costing in real time, rather than waiting to reconcile at the end of the month. The company’s AI-powered platform saves time and enables dynamic management of project expenses, which is transformative for both field and finance operations. We are proud to support Daniel and the team at Speedchain as they continue to scale the business.”
Gardiner Garrard, Co-founder and Managing Partner at TTV Capital
