About Rydoo
Rydoo is a company based in Mechelen (Belgium) founded in 2013.. Rydoo has completed 1 acquisition, including Semine. Rydoo offers products and services including Rydoo Platform, Smart Audit, Expense Cards, and Receipt Scanner. Rydoo operates in a competitive market with competitors including Concur, MobileXpense, Cake, Xpenditure and AceBot, among others.
- Headquarter Mechelen, Belgium
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Sectors
TechnologyTravel & Hospitality
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Email
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Phone
*********
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Website
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Social
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- Legal Name Rydoo Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Marlin Equity Partners
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Rydoo
Rydoo offers a comprehensive portfolio of products and services, including Rydoo Platform, Smart Audit, Expense Cards, and Receipt Scanner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for efficient tracking and automation of business expenses.
AI system to detect and flag non-compliant expenses automatically.
Virtual and physical cards for controlled employee spending.
AI-powered tool for quick expense submission and processing.
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Funding Insights of Rydoo
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Private Equity Round - Rydoo | Valuation |
investors |
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| Sep, 2021 | Amount | Private Equity Round - Rydoo | Valuation | Marlin Equity Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rydoo
Rydoo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Marlin Equity Partners and Eurazeo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Global private equity investments are managed by the firm.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rydoo
Rydoo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Semine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-driven accounting process automation for businesses
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rydoo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rydoo Comparisons
Competitors of Rydoo
Rydoo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Concur, MobileXpense, Cake, Xpenditure and AceBot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based travel and expense management is offered for businesses.
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| domain | founded_year | HQ Location |
Personal finances are managed via a unified mobile application.
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| domain | founded_year | HQ Location |
Receipts are digitized, stored, and managed for small businesses.
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| domain | founded_year | HQ Location |
AceBot is a platform offering productivity bots for Slack to boost team efficiency.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rydoo
Frequently Asked Questions about Rydoo
When was Rydoo founded?
Rydoo was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Rydoo located?
Rydoo is headquartered in Mechelen, Belgium. It is registered at Mechelen, Antwerp, Belgium.
Who is the current CEO of Rydoo?
Sebastien Marchon is the current CEO of Rydoo.
What does Rydoo do?
Founded in 2013 and based in Mechelen, Belgium, Rydoo operates as an AI and SaaS platform focused on expense management for companies and enterprises. Travel and expense tracking are handled in real time, with features such as approval workflows, paper receipt digitization, mileage logging, data analytics, and online booking for travel integrated into the system. Operations support businesses across various sectors with streamlined financial processes.
Who are the top competitors of Rydoo?
Rydoo's top competitors include Concur, MobileXpense and Xpenditure.
What products or services does Rydoo offer?
Rydoo offers Rydoo Platform, Smart Audit, Expense Cards, and Receipt Scanner.
How many acquisitions has Rydoo made?
Rydoo has made 1 acquisition, including Semine.
Who are Rydoo's investors?
Rydoo has 2 investors. Key investors include Marlin Equity Partners, and Eurazeo.
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