About Spendflo
Spendflo is a Technology company based in San Francisco (United States) founded in 2020 by Ajay Vardhan, Rajiv Ramanan, and Siddharth Sridharan. It operates as a saaS platform for end-to-end procurement and subscription management is provided. Spendflo has raised $15.4 million across 2 funding rounds from investors including Accel, Prosus and BoldCap. The company has 100 employees. Its chief executive is Siddharth Sridharan. Its website spendflo.com draws about 98 thousand monthly visits. Its Indian entity Spendflo India Private Limited reported revenue of ₹33.77 Cr. Spendflo offers products and services including Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Procure To Pay. Its competitors include VMware, Datadog, AvePoint, Nutanix and CloudHealth Tech and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
Spendflo was founded in 2020 and is headquartered in San Francisco, United States. A SaaS-enabled platform for procurement management is operated, facilitating product purchases, contract negotiations, and subscription oversight. Approval workflows are handled, while spending and savings are tracked across operations. The service targets businesses seeking streamlined procurement processes in the software sector.
- Headquarters San Francisco, United States
- Employees 100
- Founders Ajay Vardhan, Rajiv Ramanan, Siddharth Sridharan
- SectorsTechnology
- Email••••••••
- Website spendflo.com
- Social LinkedIn X YouTube
- Legal Name Spendflo India Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹33.77 Cr
FY 2024 · +131% YoY
- Net Profit₹2.44 Cr
FY 2024 · 7% margin
- EBITDA₹3.34 Cr
FY 2024 · 10% margin
- Total Equity Funding$15.4M (USD)
in 2 rounds
- Latest Funding Round$11M (USD), Series A
Apr 2023
- InvestorsAccel
& 4 more
- Employee Count100
Associated legal entities of Spendflo
Spendflo operates through Spendflo India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spendflo India Private Limited CIN U72100TN2019PTC133310 | Active | 19 Dec 2019 | Chennai, Tamil Nadu | ₹33.8 Cr | 100 | 3 | View details |
Products & Services of Spendflo
Spendflo offers a comprehensive portfolio of products and services, including Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine.
Platform for tracking and optimizing software spends with AI insights.
Guides processes for effortless adoption and compliance in procurement.
Centralizes vendor data to provide actionable insights and risk assessment.
Syncs renewals for informed decisions and cost reduction strategies.
Orchestrates procurement workflows for seamless team collaboration.
Apps and channels of Spendflo
its YouTube channel Spendflo has 170 subscribers and 30 videos.
Videos from Spendflo
The most watched videos on Spendflo's YouTube channel, Spendflo (170 subscribers). Click a video to play it here.
More on Spendflo.
Funding Insights of Spendflo
Spendflo has successfully raised a total of $15.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in April 2023. 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 $15.4M
- Total Rounds 2
- Last Round Series A — $11M
- First Round $4.4M
(Jun 2022)
- Investors Count 5
All 2 funding rounds of Spendflo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
5 investors in total: 5 institutional.
Investors in Spendflo
Spendflo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Accel, Prosus and BoldCap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early-stage investments are made in AI-native startups by Together Fund. | – | together.fund | Bengaluru, India | |
Early-stage investments in US tech and life sciences are targeted. | – | spv.com | Salt Lake City, United States | |
Investments are made in AI native B2B startups founded by Indian origin entrepreneurs. | 2002 | boldcap.com | Miami, United States |
Investor details for Spendflo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Spendflo India Private Limited (Spendflo)
Spendflo India Private Limited is the primary company behind Spendflo. The board of Spendflo India Private Limited currently have 3 directors; the longest-serving is Siddharth Sridharan, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siddharth Sridharan DIN 07206049 | Director | 19 Dec 2019 | 6 yrs 9 mo | Spendflo India Private Limited |
| Rajiv Ramanan DIN 10043932 | Director | 27 Mar 2023 | 3 yrs 6 mo | Spendflo India Private Limited |
| Ajay Vardhan Balaji DIN 09761088 | Director | 22 May 2023 | 3 yrs 4 mo | Spendflo India Private Limited |
People of Spendflo
50 people are tracked at Spendflo (13 in leadership, 37 in team); the tracked headcount is 100.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Ranjini Ramachandran | Director - Partnerships | Leadership |
Edward Kim | Director of Sales, North America | Leadership |
Yash Kothari | Head Of Product | Leadership |
Nandita Menon | Head Of Content | Leadership |
Nivas Ravichandran | Head Of Marketing | Leadership |
Adithiya Shiva | Chief Of Staff | Leadership |
VARUN D B | Director Of Finance | Leadership |
Siddhant Mittal | Director Of Sales, United Kingdom And Europe | Leadership |
Mahasweta Bhattacharya | Sales Head-uk&eu | Leadership |
Raveen Prabu Ravi | Head Of Partnerships | Leadership |
Priyadharshini Venkatraman | Product Marketing Manager | Team |
Sri Bhaswath Akella | Business Operations Lead | Team |
Shravi Sharma | Senior Manager, Global Strategic Growth Accounts | Team |
Aravindraj Selvam | Senior Product Manager | Team |
Bharathi Kalyan | Program Manager | Team |
Karthikeyan Manivannan | Manager - Visual Design | Team |
Saptharishi K N | QA | QE | Helping companies strengthen Product Quality | Team |
30 more people are available in the full profile.
Complete people profiles for Spendflo
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- Professional contacts
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Financials of Spendflo
Figures of Spendflo India Private Limited, the primary company behind Spendflo, for FY 2024. Revenue was ₹33.77 Cr (+131% year on year). Net profit was ₹2.44 Cr (7% margin). EBITDA was ₹3.34 Cr (10% margin). Revenue has grown at a compounded annual rate of +1404% over three years.
- ₹33.77 CrRevenue · FY 2024 · +131% YoY
- ₹2.44 CrNet profit · 7% margin
- ₹3.34 CrEBITDA · 10% margin
- ₹1 LakhPaid-up capital
- 100Employees (provident fund records)
- +1404%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Spendflo India Private Limited are on its company page.
Detailed financial statements for Spendflo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Spendflo
3 dated milestones of Spendflo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Spendflo is founded.
- Funding First funding round of $4.4M.
- Funding Latest funding round, Series A, of $11.0M.
Competitors of Spendflo
Spendflo has 10 listed competitors in our database, 10 of them funded. They include VMware, Datadog, AvePoint, Nutanix and CloudHealth Tech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vmware.com | 1998 | Palo Alto, United States | $595.83M | – | Cloud orchestration solutions are provided for multi-cloud and device applications. | |
| datadoghq.com | 2010 | New York, United States | $147.19M | 2,400 | Cloud and application performance management platform is provided. | |
| avepoint.com | 2001 | Jersey, United States | $90M | 303 | Cloud based platform offering data backup and recovery solutions | |
| nutanix.com | 2009 | San Jose, United States | $317.2M | 8,239 | AI-powered cloud management software is delivered for enterprises. | |
| cloudhealthtech.com | 2012 | Boston, United States | $85.7M | 124 | Cloud management and analytics solutions are provided for cloud optimization. | |
| snowsoftware.com | 1997 | Solna, Sweden | $120M | – | Cloud management solutions for hybrid and multi-cloud environments are provided. | |
| bettercloud.com | 2011 | New York, United States | $186.87M | 277 | SaaS applications management and security solutions are provided by BetterCloud. | |
| anodot.com | 2014 | – | $64M | – | AI based cost management platform | |
| flexera.com | 2008 | Itasca, United States | $5.76M | 755 | Cloud management solutions are delivered via an online IT platform. | |
| signalfx.com | 2013 | San Francisco, United States | $157M | 178 | Cloud-based monitoring solutions for infrastructure and applications are provided. |
Detailed competitors of Spendflo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Spendflo
The website of Spendflo (spendflo.com) receives about 97.6K visits a month.
- Monthly visits97.6K
▲ 14.1% vs previous month
Websites whose visitors overlap most with Spendflo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vendr.com | 100% | 236.9K | #215,951 | View details | |
| invoiced.com | 80% | 190.9K | #170,093 | View details | |
connectingup.org | connectingup.org | 79% | – | #1,014,589 | – |
| groupbuyexpert.com | 78% | – | #1,893,420 | View details | |
| vanta.com | 78% | 659.9K | #53,060 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Spendflo
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Spendflo (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Related news about Spendflo
Complete news archive for Spendflo
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Frequently Asked Questions about Spendflo
Spendflo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Spendflo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Siddharth Sridharan is the current CEO of Spendflo. They have also founded this company.
Spendflo is a funded company, having raised a total of $15.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.4M, raised on Jun 2022.
Spendflo has 100 employees.
The primary company behind Spendflo, Spendflo India Private Limited, reported revenue of ₹33.77 Cr for FY 2024, up 131% year on year.
Spendflo was founded in 2020 and is headquartered in San Francisco, United States. A SaaS-enabled platform for procurement management is operated, facilitating product purchases, contract negotiations, and subscription oversight. Approval workflows are handled, while spending and savings are tracked across operations. The service targets businesses seeking streamlined procurement processes in the software sector.
Spendflo offers Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine.
Spendflo has 5 investors. Key investors include Accel, Prosus, BoldCap, Together Fund, and Signal Peak.
Spendflo operates through Spendflo India Private Limited.
The legal entities of Spendflo currently have 3 directors, including Ajay Vardhan Balaji, Siddharth Sridharan, Rajiv Ramanan.