Spendesk, the French unicorn specialized in enterprise expense management, has raised a further 100 million euros in financing. The deal values the fintech at over one billion dollars, making it France's 26th unicorn.
Spendesk, the platform that reinvents the business expense management process
Founded in 2016 by Rodolphe Ardant, Spendesk is a French company specializing in corporate expense management. The fintech has developed an all-in-one platform designed to meet the needs of businesses of all sizes. This integrates features such as virtual and physical payment cards, expense management, budgets, approvals, real-time reporting and much more.
Thanks to its intuitive platform and advanced features, Spendesk offers a complete solution that enables companies to effectively manage their expenses while improving visibility and control.
Rapid growth
Spendesk's solution quickly gained popularity with companies and finance professionals alike. Its focus on user experience and its ability to automate tedious expense management tasks have been key factors in its success.
Every year, Spendesk's growth doubles or even triples. Today, the French unicorn has almost 4,000 customers and 150,000 users in France, Germany, the UK and the USA. Its customers include giants such as Deezer, Maison du Monde and Doctolib. All sectors are covered.
Spendesk: France's 26th unicorn
Spendesk is attracting interest not only from companies, but also from investors. Its growth potential is attracting. In fact, the fintech has raised a further 100 million euros, 6 months after a round of financing for the same amount.
This latest fund-raising enabled the unicorn to be valued at over a billion dollars, and to join the very exclusive club of French unicorns. Spendesk thus becomes the 26th French unicorn.
Spendesk: key facts
Number of employees to date
By 2022, the French company will have 550 employees.
Sales figures
French unicorn Spendesk claims sales of €16 million in 2021, twice as much as in 2020.
Going public
Spendesk is not yet listed on the stock exchange, and has not expressed any interest in going public.
Scalability
The Spendesk platform is suitable for all types of companies, both large and small. Its adaptability and the development of new functionalities have been key to its growth and the acquisition of new customers.
Mantra/Citation CEO
" People spend a third of their lives at work, and our mission is to make that work meaningful for employees, so they can have an impact on their company and beyond. I fundamentally believe that people are more fulfilled and successful when they are confident and free to make choices for the company. And that's precisely what Spendesk aims to bring to both employees and the finance team. "Rodolphe Ardant, founder and CEO of Spendesk.
