About Spendit
Spendit is a company based in Seoul (South Korea) founded in 2015. It operates as a SaaS (Software-as-a-Service). Spendit has raised $1.78 million across 1 funding round from investors including Hana Ventures, Kolon Investments and Signite Partners. Spendit offers products and services including Spendit Budget 2.0, Corporate Card Management, and Expense Approval System. Spendit operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Seoul, South Korea
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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 (주)스팬딧
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.78 M (USD)
in 1 rounds
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Latest Funding Round
$1.78 M (USD), Series A
May 07, 2021
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Investors
Hana Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Spendit
Spendit offers a comprehensive portfolio of products and services, including Spendit Budget 2.0, Corporate Card Management, and Expense Approval System.
Corporate expense management is streamlined with automated budgeting tools.
Transparent corporate card tracking is provided for accurate oversight.
Expense approvals are managed efficiently within a single platform.
Funding Insights of Spendit
Spendit has successfully raised a total of $1.78M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.78 million completed in May 2021. 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 — $1.8M
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First Round
First Round
(07 May 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Spendit | Valuation | Hana Ventures , Kolon Investments |
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Investors in Spendit
Spendit has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Hana Ventures, Kolon Investments and Signite Partners.
| Investor | Description | Founded Year | Domain | Location |
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Financial support is provided to ventures by Hana Ventures.
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Founded Year | Domain | Location | |
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Venture capital and private equity are invested in various sectors.
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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 |
Investments & Acquisitions by Spendit
Financial Statements - Spendit
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 Brex, Ramp, Navan, Pleo and Airbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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Latest news on Spendit
Frequently Asked Questions about Spendit
Spendit was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Spendit is headquartered in Seoul, South Korea.
Dong Yoon Song is the current CEO of Spendit.
Spendit is a funded company, having raised a total of $1.78M across 1 funding round to date. The company's 1st funding round was a Series A of $1.78M, raised on May 07, 2021.
Corporate expense management is handled through Spendit, a comprehensive platform designed for businesses. Focus is placed on automating financial tasks such as budgeting, expense tracking, and corporate card management. Integration with external systems like ERP and SSO is supported to enhance user convenience. Solutions are tailored for startups and established enterprises alike, operating primarily in the financial technology sector. Efficiency in resource allocation and time management is emphasized to drive economic value for over 5,000 client companies.
Spendit offers Spendit Budget 2.0, Corporate Card Management, and Expense Approval System.
Spendit has 3 investors. Key investors include Hana Ventures, Kolon Investments, and Signite Partners.