Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


In addition to online payments, Spendesk is now tackling travel expense management for SMEs
The startup has raised €2 million and launched its plastic card solution together with a mobile app

Spendesk aims to offer a comprehensive travel expense solution

Travel expense management represents a burden for SMEs that can hurt efficiency.
'Current solutions are geared towards paperless payment systems. But this is not the problem, expense claims represent an operational nightmare that shouldn't exist,” explained Rodolphe Ardant, founder and CEO at Spendesk. “Corporate payment systems must evolve to offer a greater degree of transparency, real-time control and to free teams of all paperwork related to travel expenses. That's where Spendesk comes in,” he added.

The combination of Spendesk payment cards and application saves employees time, making them more independent and doing away with the need for prepayment. Managers can monitor their teams' expenses in real time, even when they're traveling. Spendesk's payment cards, officially launched today, have already been tried by more than 250 users throughout Europe.

Seed funding of €2 million to drive growth

Spendesk has raised €2 million to drive growth and enhance its offer. This seed funding round involved renowned funds such as Kima Ventures (Xavier Niel's fund) and Funders Club, as well as eminent angel investors such as Edward Lando, Nicolas Steegmann (founder at Stupeflix) and Frédéric Montagnon (Secret Media, Teads, OverBlog), among others. Spendesk's own customers also invested in the startup, whose services they use on a daily basis. A dozen entrepreneurs including the founders at Birchbox, AB Tasty, La Belle Assiette and Tinyclues participated in this round. “It's quite unusual and a real vote of confidence that our own customers wanted to invest, having been impressed with the service,” said Rodolphe Ardant.

Launched in June 2016, Spendesk provides companies with an innovative expense management service. In a few short months, hundreds of companies across Europe made payments in excess of €8 million through the platform. Customers such as Deezer, Webedia, Hostmaker and Drivy were convinced by Spendesk's corporate offering, which is versatile enough to meet the particular, and at times complex, issues faced by each company from approval processes to multiple teams, locations, and subsidiaries.“Spendesk's goal is to provide a payment management platform for all company expenses. We started off with online payments, we're currently addressing travel expenses and we will continue tackling any and all remaining sources of inefficiency,” said founder and CEO Rodolphe Ardant.

Publisher Contact Information:

+33 1 76 44 01 47

Company profile of Spendesk
Past press releases of Spendesk.


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Dec 7€6.3MNanotechnology
Dec 7€21.1MInternet commerce
Dec 7€4.8MInternet commerce
Dec 7€1.8MInternet commerce
Dec 6N/AInternet commerce
Dec 6€26.0MBusiness applications
Dec 6€5.6MMedical devices

For information on Europe's most extensive database on technology funding click here!


Press Releases

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...

Aug 17
Komed Health
komed health closes seed financing round

Jul 10
Komed Health
komed health to be supported by nokia and deutsche telekom

About usContact usLegal Information
Copyright © 1999-2018
Emerging Technology Research Europe Inc. All rights reserved.