But in time, more of these corporate spend players are evolving into being both.

In the increasingly crowded, and very competitive, corporate spend space, companies have either been predominantly subscription-focused or fee-based. Again, this is the opposite move Brex has made, which is diversifying its revenue base to include more subscriptions in addition to interchange fees. Today, Emburse is revealing its first product - called Emburse Spend - that relies on interchange fees rather than subscriptions. Historically, it has competed with legacy players like Concur and Expensify and ERP players.īut now Emburse is making a big push into the SMB space and going head-to-head with fast-growing startups like Ramp and Brex - the latter of which started at the SMB end of the market and coincidentally today announced it’s making a big push into software and the enterprise space.

With 12 million users and nearly $200 million in annual recurring revenue, expense software provider Emburse has built much of its business in the enterprise.

Emburse certify pricing