Spendesk

Spendesk is the all-in-one spend management solution giving finance teams control and visibility over company spending.

Spendesk delivers more control, visibility, and automation to today's finance teams.

Spendesk was founded in 2016 by Rodolphe Ardant, Jordane Guily, and Guilhem Bellion. The company is headquartered in Paris, France, with offices in Berlin, London and San Francisco.

 

Spendesk offers an all-in-one corporate spend management platform for medium companies in Europe. Originally focused on virtual cards for online payments, the company has expanded its product offering to tackle everything related to corporate spending.

 

Spendesk helps you formalize your internal processes. You can define team budgets, set up complicated approval workflows for expensive payments, automate some pesky tasks, such as VAT extraction.

 

Spendesk currently supports many of the popular accounting tools used by European companies, such as Xero and Datev. The company currently has 3,500 clients, including Algolia, Soundcloud, Curve, Doctolib, Gousto, Raisin, Sezane and Wefox. 

 

Spendesk is backed by General Atlantic, Tiger Global, Index Ventures, Eight Roads Ventures, eFounders, and others. The company $114M (€100M) in new financing on Jan 18, 2022. This is an extension of their $118M (€100M) Series C raised in Jul 2021, bringing the round total to $132M (€200M). The additional investment brings Spendesk's total funding to $312.6M to date. The latest round mints Spendesk a unicorn with a valuation of over $1.14B (€1B+) post-money.

 

 

  • Year founded: 2016
  • Funding Info: $312.6M over 8 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1.14B (€1B+) as of Jan 18, 2022
  • City/Town: Paris
  • State: Île-de-France
  • Country: France
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