Xpenditure

wealthtech (retail)personal finance management

FOUNDING YEAR: 2011
LOCATION: Belgium
Last Update: 01/05/2020

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About

Xpenditure offers an easy to use expense management solution for SME’s, teams and corporates and aims to help them in saving a significant amount of time by managing their expenses and by eliminating the need of paper-based expense reports.

Focus

PRODUCTS & SERVICES

Xpenditure is a mobile & web based expense management company that offers products for Teams, Enterprises, Accountants, and Single Users.

REVENUE MODEL

SaaS. Three pricing plans with variable features: Single (all core features, $4.27 per user/month, billed annually), Team (advanced features and support for growing businesses, $5.83 per user/month, billed annually), and Enterprise (premium features and priority support for fast-growing businesses, custom pricing plans upon request).

MAIN CLIENTS

100,000+ users and thousands of companies including Deloitte

Henkel

SAS

Scania

Wincor Nixdorf

Miele

Brussels Airlines

KONE

Renault

and more.

PRIMARY PROBLEM SOLVED

80% of businesses don’t know how much their expense report processing is costing them. Of those that do know, businesses using manual processes (63% of SMEs and 38% of corporations) spend an average of $26.63 per report. In contrast, businesses with a fully automated expense management system spend just $6.85 per report. Xpenditure's paperless automation is aimed to boost employee productivity and eliminate the hidden costs associated with legacy systems. Its mobile and web application uses cloud-based, real-time technology to transform expense reporting processes.

Traction

NUMBER OF TRANSACTIONS:

10 M

TRANSACTIONS COMMENT:

10 million receipts processed as of March 2017.

People

FOUNDERS

Wim Derkidneren

Boris Bogaert

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

YES

TOTAL FUNDING

$9.52 M

SEED & PRIOR FUNDING

$3.82 M

FUNDING SERIES

SERIES A  · $5.7 M  · ---

LISTED

NO

BASICS

FOUNDING YEAR:

2011

LOCATION:

Belgium

Views:

55 VISITORS | 109 VIEWS
LATEST FUNDING ROUND

$9.52 M

TOTAL EMPLOYEES
11-50

About

Xpenditure offers an easy to use expense management solution for SME’s, teams and corporates and aims to help them in saving a significant amount of time by managing their expenses and by eliminating the need of paper-based expense reports.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
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