French startup Spendesk has accomplished one other Sequence B spherical price $ 38.four million with current buyers Index Ventures lead the spherical. Through the years, the corporate has raised $ 49.four million (€ 45 million).
Spendesk is an all-in-one enterprise spend and spend administration service. You possibly can monitor bills in your group, help your workers with a transparent approval course of, and simplify your bookkeeping.
The service primarily works like Revolut or N26, just for enterprise wants. After registration you’ll obtain your individual donation account with an IBAN. You possibly can prime up this account and outline totally different coverage units.
For instance, you’ll be able to set fee limits that depend upon the job and determine who’s answerable for approving costly funds. After that, anybody can generate digital playing cards for on-line funds and obtain a bodily card for enterprise journey.
On the way in which, you’ll be able to pay straight with donations as with all firm card. If you’ll want to pay in money or with one other card, you’ll be able to take a photograph of the receipt from the Cellular Spendenk app and get your a refund.
Many Spendesk customers additionally use the service for different purposes. For instance, you’ll be able to outline a advertising and marketing funds and make it obtainable to the advertising and marketing staff by way of a digital map for Fb or Google adverts.
It’s also possible to monitor your entire on-line subscriptions via the Spendesk UI to ensure you don’t pay for comparable instruments. For those who rent freelancers, you can too add all of your invoices to the platform, export an XML file of your excellent invoices, and import it into your financial institution portal.
Spendesk tries to be smarter than conventional price options. For instance, the corporate is attempting to make use of Optical Character Recognition (OCR) to reconcile receipts with funds, mechanically fill within the VAT price, and so forth.
With as we speak's spherical of financing, the corporate plans to open workplaces in Berlin and London more currencies and develop new options. Final yr, the corporate rose from 20 to 120 workers. Presently 1,500 corporations use Spendesk in Europe.