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Spendesk raises $9.9 million to build your next corporate card

Spendesk raises $9.9 million to build your next corporate card
From TechCrunch - January 30, 2018

French startup Spendesk just raised $9.9 million (8 million) from Index Ventures with Michael Benabou, Laurent Asscher and Showpad cofounders Louis Jonckheere and Pieterjan Bouten also participating. Spendesk is a service that combines prepaid cards with an expense report solution.

After signing up, each employee receives a personal card. Companies can top up their global Spendesk account with a normal transfer to a good old IBAN. Then you can define different sets of policies to limit your employees expenses.

As for employees, Spendesk centralize all expenses in a modern interface. You can track your expenses and upload receipts. Spendesk will pre-fill information and help you match invoices with expenses thanks to a mobile scanning feature. You can finally export all expenses to a format that is compatible with accounting software.

We are building a platform that simplifies your companys operational spendingssupplier payments, corporate expenses, card expenses, Spendesk founder and CEO Rodolphe Ardant told me. Everything goes through Spendesk with validation processes and the ability to control everything. Behind the scene, were automizing most of the tasks for the financial team. It makes them save an incredible amount of time every day.

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