About Spendit
Spendit is a company based in Munchen (Germany) founded in 2014.. Spendit has raised $4.93 million across 1 funding round from investors including DKAM Capital. The company has 46 employees as of December 31, 2020. Spendit offers products and services including SpenditCard, Lunchit, Wellbeing, and Mobility. Spendit operates in a competitive market with competitors including Spendesk, Sodexo, eco.mio, Tremendous and MOBIKO, among others.
- Headquarter Munchen, Germany
- Employees 46 as on 31 Dec, 2020
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Sectors
Travel & HospitalityTechnology Financial Services
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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 Spendit Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.93 M (USD)
in 1 rounds
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Latest Funding Round
$4.93 M (USD), Series A
Apr 02, 2018
- Investors
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Employee Count
46
as on Dec 31, 2020
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Products & Services of Spendit
Spendit offers a comprehensive portfolio of products and services, including SpenditCard, Lunchit, Wellbeing, and Mobility. 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.
Offers steuerfreie extras for employee salary optimization.
Digital app for tax-free meal allowances and flexible dining.
Provides fitness and mental health benefits at discounted rates.
Enables subsidies for public transport to promote eco-friendly travel.
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Funding Insights of Spendit
Spendit has successfully raised a total of $4.93M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.93 million completed in April 2018. 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 1
- Last Round Series A — $4.9M
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First Round
First Round
(02 Apr 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series A - Spendit | Valuation |
investors |
| 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 |
Investors in Spendit
Spendit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DKAM Capital. 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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Offers debt financing to tech startups for growth and innovation.
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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 Spendit
| 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 |
Financial Statements - Spendit
| 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 |
Spendit Comparisons
Competitors of Spendit
Spendit 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 Spendesk, Sodexo, eco.mio, Tremendous and MOBIKO, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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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 |
SaaS-driven employee-inclusive software to reach climate targets & decreasing travel costs
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| domain | founded_year | HQ Location |
Provider of rewards and financial benefits management platform for enterprises
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| domain | founded_year | HQ Location |
Platform providing mobility benefits for employees
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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 Spendit
Frequently Asked Questions about Spendit
When was Spendit founded?
Spendit was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Spendit located?
Spendit is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is Spendit a funded company?
Spendit is a funded company, having raised a total of $4.93M across 1 funding round to date. The company's 1st funding round was a Series A of $4.93M, raised on Apr 02, 2018.
How many employees does Spendit have?
As of Dec 31, 2020, the latest employee count at Spendit is 46.
What does Spendit do?
Spendit was founded in 2014 in Munich, Germany, within the employee benefits sector. Operations focus on providing tools for businesses to handle perks and reimbursements. Spendit offers a pre-paid tax-saving card for employee discounts and tax relief. Lunchit enables food expense reclamation through receipt scanning and verification. Mobility supports budgeting and expense tracking for users.
Who are the top competitors of Spendit?
What products or services does Spendit offer?
Spendit offers SpenditCard, Lunchit, Wellbeing, and Mobility.
Who are Spendit's investors?
Spendit has 1 investor. Key investors include DKAM Capital.