Spendesk

b2b fintech

FOUNDING YEAR: 2015
LOCATION: France
Last Update: 08/09/2020

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About

Spendesk’s mission is to change the way companies manage their payments. We use the latest innovations in the banking industry to build a smart spending solution for connected teams. Spendesk empowers teams to pay for what they need with virtual and plastic prepaid cards, while giving CFOs complete control with real-time payment tracking and a centralised dashboard.

MEDICI Analysis

Spendesk provides a business expense management solution that allows companies to manage their payments.

Focus

PRODUCTS & SERVICES

Expense management platform.

REVENUE MODEL

Monthly SaaS subscription

MAIN CLIENTS

Webedia

Deezer

Drivy

Hostmaker

Skimlinks

Lostmy.name

PRIMARY PROBLEM SOLVED

Corporate card payments and expense reports are a nightmare to handle for SMBs. At the end of the month finance teams need to guess who made which payment, remind the right people that an invoice is missing, and they never know in real time where the money goes.

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Spendesk

About

Spendesk’s mission is to change the way companies manage their payments. We use the latest innovations in the banking industry to build a smart spending solution for connected teams. Spendesk empowers teams to pay for what they need with virtual and plastic prepaid cards, while giving CFOs complete control with real-time payment tracking and a centralised dashboard.

Focus

PRODUCTS & SERVICES

Spendesk is a unique solution to generate virtual and physical corporate cards for employees and easily manage expenses as a team. We provide connected corporate cards fully integrated into customizable approval and bookkeeping workflows. Take full control of your company spending and no more hunting for invoices!

REVENUE MODEL

Monthly SaaS subscription

TOP PROBLEM SOLVED

Corporate card payments and expense reports are a nightmare to handle for SMBs. At the end of the month finance teams need to guess who made which payment, remind the right people that an invoice is missing, and they never know in real time where the money goes.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

More the 300 client companies use us daily, they spent alltogether more than €9 million using Spendesk cards (updated on Feb 2017)

KEY DIFFERENTIATORS

Spendesk gives employees full freedom to get their job done, while allowing tight control on all spending through automated approval workflows. Payments are one click away, but always in the hands of the CFOs.

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

STRATEGIC CLIENTS AND PARTNERSHIP

eFounders : Startup Studio

Traction

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Outbound Strategy and Europe Expansion

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO