Earlier today, Traxpay announced it had raised $15 million from a set of financial and strategic investors, including Commerzbank. In the coming weeks on Spend Matters, we’ll be featuring a detailed interview I recently had with Traxpay CEO John Bruggeman. Traxpay is a truly fascinating, yet early stage vendor-focused on the dynamic payments space. It is not a competitor to the Ariba/SAP, Basware, Tungsten and Taulia type providers of the world, but rather a potential partner. It is, however, a serious threat to banks potentially to card companies as well.
Since SAP’s announcement last week that it is buying Concur, Spend Matters has been busy covering the transaction from multiple angles. On the surface, it would be relatively easy to suggest there are more similarities than differences to SAP’s acquisition of Ariba for customers and competitors. But the transaction brings a substantially different set of variables to the equation for all parties in the market. In this Spend Matters PRO research brief, Thomas Kase, vice president of research, Jason Busch, founder and managing director, and Pierre Mitchell, chief research officer, provide analysis and an initial set of recommendations for SAP customers, Concur customers and Concur partner/ecosystem members.