July 25, 2024

Center secures additional $15 million in funding

Center has completed its series B funding round with an additional $15 million from existing investors. The closure of Center’s B round brings its total funding to more than $110 million. 

The investment will be used to scale the business; expanding product offerings, supporting the evolving needs of a growing SME customer base, and bolstering innovation in other areas of spend management.

Center has also appointed travel industry innovator and CLEAR Co-Founder and President, Ken Cornick, to its Board of Directors. Cornick joins fintech luminary and former Concur Founder and CEO Steve Singh, who currently serves as Executive Chairman and Co-Founder of Center. 

“Transparency and timeliness of expenses are essential for leaders to make actionable decisions about their business,” said Ken Cornick, Co-Founder and President of CLEAR. “Center delivers a modern tool that streamlines and automates the expense process, addressing the pain points of an underserved SME market wanting to tighten control of the bottom line.”  

Naveen Singh, CEO and Co-Founder of Center, said: “We’re committed to closely partnering with customers to deeply understand their expense management needs, delivering long term value that unlocks new levels of productivity across organizational processes.”