About Spendesk
Spendesk is a company based in Paris (France) founded in 2016 by Guilhem Bellion and Rodolphe Ardant.. Spendesk has raised $303.82 million across 7 funding rounds from investors including FundersClub, General Atlantic and Hexa. Spendesk has completed 1 acquisition, including Okko. Spendesk offers products and services including Corporate Cards, Accounts Payable, Procure-to-Pay, Virtual Cards, and Expense Claims. Spendesk operates in a competitive market with competitors including Swile, Sodexo, Concur, Cerner and Edenred, among others.
- Headquarter Paris, France
- Founders Guilhem Bellion, Rodolphe Ardant
- Stage Unicorn
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Sectors
HealthcareTravel & Hospitality Financial Services Technology
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Phone
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Website
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Social
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- Legal Name Spendesk
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$303.82 M (USD)
in 7 rounds
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Latest Funding Round
$114.11 M (USD), Series C
Jan 18, 2022
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Investors
FundersClub
& 15 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Spendesk
Spendesk offers a comprehensive portfolio of products and services, including Corporate Cards, Accounts Payable, Procure-to-Pay, Virtual Cards, and Expense Claims. 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.
Cards for setting limits and approval flows on business spending
Automates invoice handling from entry through to payment
Controls and automates spend from intake to payment processes
Generates unique cards for one-off or recurring online transactions
Manages and reimburses employee expenses without manual tracking
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Funding Insights of Spendesk
Spendesk has successfully raised a total of $303.82M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $114.11 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $114.1M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Series C - Spendesk | Valuation | Tiger Global Management | |
| Jul, 2021 | Amount | Series C - Spendesk | Valuation | General Atlantic | |
| Oct, 2020 | Amount | Series B - Spendesk | Valuation | Eight Roads Ventures |
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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 Spendesk
Spendesk has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FundersClub, General Atlantic and Hexa. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture capital investment and global platform support for startups.
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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 Spendesk
Spendesk has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Okko. 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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Web-enabled solutions for procurement management are provided.
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2023 |
| 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 - Spendesk
| 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 |
Spendesk Comparisons
Competitors of Spendesk
Spendesk 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 Swile, Sodexo, Concur, Cerner and Edenred, 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 |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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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 |
Online platform for employee health benefits
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| domain | founded_year | HQ Location |
Employee benefits and payment solutions are managed for businesses.
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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 Spendesk
Frequently Asked Questions about Spendesk
When was Spendesk founded?
Spendesk was founded in 2016.
Where is Spendesk located?
Spendesk is headquartered in Paris, France.
Who is the current CEO of Spendesk?
Rodolphe Ardant is the current CEO of Spendesk. They have also founded this company.
Is Spendesk a funded company?
Spendesk is a funded company, having raised a total of $303.82M across 7 funding rounds to date. The company's 1st funding round was a Series B of $21.26M, raised on Jun 01, 2016.
What does Spendesk do?
Provider of prepaid cards for financial benefits of employees. It offers corporate travel and expense management solution. Platform solution enables enterprises to keep a track of the daily expenses of their employees. It also allows companies to manage to spend with specified budget limits per team and person, review each purchase request, get automatic reminders for employees to upload docs for the purchases and more. Platform features include expense tracking, virtual-physical cards, spending reports, payment invoice and more.
Who are the top competitors of Spendesk?
What products or services does Spendesk offer?
Spendesk offers Corporate Cards, Accounts Payable, Procure-to-Pay, Virtual Cards, and Expense Claims.
How many acquisitions has Spendesk made?
Spendesk has made 1 acquisition, including Okko.
Who are Spendesk's investors?
Spendesk has 16 investors. Key investors include FundersClub, General Atlantic, Hexa, Eight Roads Ventures, and Tiger Global.
What is Spendesk's valuation?
The valuation of Spendesk is $1.14B as of Jan 2022.
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