The Fintech Index
183 companies rated 5 sectors 38 reports Last updated Nov 13, 2026
BNK / Business banking & treasury

Procurify

Procurify is a Vancouver procurement and spend management platform that takes purchase requests, approvals, purchase orders, bills, and expenses through one workflow for mid-market organizations.

Established
2013
Official site
procurify.com
Funding
Approximately $70M in its two largest rounds: a $50M Series C led by Ten Coves Capital in 2023 with Export Development Canada, and a Series B of about $20M in 2019 led by Information Venture Partners

Assessment

Procurify is used by mid-market finance and operations teams in technology, nonprofit, healthcare, education, biotech, manufacturing, and consumer goods. Every customer starts with purchasing: order requests, approvals, purchase orders, budgets, vendor management, receiving, and analytics. Teams then add accounts payable automation, bill payments, expense reports, and a spending card, plus extras such as guided intake and contracts. Pricing is a quote built around products, add-ons, users, and integrations. Its main competitors are Payhawk, Spendesk, and Ramp, with Coupa and Zip at the larger end.

The company was founded in Vancouver in 2013 and says the teams on its platform run more than $100 billion through it. Chad Gaydos, who earlier ran operations at Talkdesk and spent 18 years at SAP, became chief executive in January 2025, and co-founder Aman Mann moved to chief strategy officer. Procurify ranked first for mid-market purchasing software on G2 and connects to NetSuite, Sage Intacct, Microsoft Dynamics 365, QuickBooks, and punchout catalogs from Amazon Business and Staples.

It fits a company that cares more about stopping unplanned purchases than about issuing cards, and that already runs an ERP such as NetSuite. It is a weaker fit for a small team that wants a free plan or a company card program from the same vendor.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Accounts and money movement60

Pay approved bills from the platform, without offering a business account.

Spend and cards72

Add a spending card and expense reports to purchasing, with receipts matched to approvals.

Bookkeeping and admin tools84

Match invoices to purchase orders, prepare draft bills, and sync coded purchases to the books.

Integrations and open banking84

Connect NetSuite, Sage Intacct, Microsoft Dynamics 365, QuickBooks Online and Desktop, and punchout catalogs.

Vendor criteria

Product depth and roadmap84

Cover requests, purchase orders, receiving, inventory, bills, and expenses, with AI that drafts requests and matches invoices.

Onboarding and support78

Work with a customer experience team and a guided implementation program.

Pricing transparency52

Request pricing; Procurify builds a quote around products, add-ons, users, and integrations.

Contract terms70

Start with purchasing and add products later, with add-on terms set in each quote.

Against its peers

These are the other companies in business banking and treasury, with their ratings.

User comments

These buyer-oriented points draw on Procurify’s pricing and product pages and on its funding and leadership announcements.

  • Upside

    “Any employee can request what they need, and finance sees the budget impact before the purchase order goes out.”

  • Upside

    “Invoices match to purchase orders without retyping, which ended our end-of-month hunt for approvals.”

  • Downside

    “Pricing is a quote and each extra product is priced as an add-on, so the total depends on how many modules you turn on.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation. We omit sites where vendors pay to be featured or pay for a review, plus any review the site flags as incentivized.

Based on: Procurify pricing; Procurify home page; Procurify Series C announcement.

Fact file

Chief executiveChad Gaydos
Founded2013, Vancouver
ProductsPurchasing, accounts payable, expense, and card
Price modelQuote built around products, add-ons, users, and integrations
Series C$50M, 2023

Competitive landscape

Procurement and spend management platforms a mid-market finance team would compare with Procurify.

Reviewed scores out of 100
0 25 50 75 100 Procurify 73 Payhawk 81 Pleo 79 Spendesk 74 Ramp Not reviewed Coupa Not reviewed

Procurify: 73

Comparisons

Key leadership

Chad Gaydos became chief executive of Procurify in January 2025. He was earlier president of Total Expert and chief operating officer of Talkdesk. Jeffrey Hardy is chief revenue officer; he joined in January 2025 after a decade at SAP.

How this review was created

This profile gives our own assessment of Procurify to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Procurify gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 11, 2026.

Source pages
  1. Procurify pricing: https://www.procurify.com/pricing/ (As of November 11, 2026)
  2. Procurify home page: https://www.procurify.com/ (As of November 11, 2026)
  3. Procurify about page: https://www.procurify.com/about/ (As of November 11, 2026)
  4. Procurify Series C announcement: https://www.procurify.com/press_release/procurify-raises-50m-series-c/ (As of November 11, 2026)
  5. Procurify chief executive announcement, January 2025: https://www.procurify.com/press_release/procurify-appoints-chad-gaydos-as-ceo/ (As of November 11, 2026)
  6. BetaKit, Procurify Series B: https://betakit.com/procurify-raises-26-million-cad-series-b-for-spend-management-solution/ (As of November 11, 2026)