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
- SectorsTechnologyTravel & Hospitality
- Email••••••••
- Website spendit.kr
- Social LinkedIn Instagram YouTube
- Legal Name (주)스팬딧
- Date of Incorporation 10 Aug, 1977
- Jurisdiction Maharashtra, India
- Total Equity Funding$1.78M (USD)
in 1 rounds
- Latest Funding Round$1.78M (USD), Series A
May 2021
- InvestorsHana Ventures
& 2 more
Associated legal entities of Spendit
Spendit operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | – | – | – | View details |
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.
Apps and channels of Spendit
its YouTube channel 스팬딧 Spendit has 46 subscribers and 22 videos.
Videos from Spendit
The most watched videos on Spendit's YouTube channel, 스팬딧 Spendit (46 subscribers). Click a video to play it here.
More on 스팬딧 Spendit.
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 $1.78M
- Total Rounds 1
- Last Round Series A — $1.78M
- First Round $1.78M
(May 2021)
- Investors Count 3
All 1 funding rounds of Spendit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $1.78M | Series A | – | Hana Ventures, Kolon Investments | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Financial support is provided to ventures by Hana Ventures. | – | hanaventures.co.kr | Seoul, South Korea | |
Venture capital and private equity are invested in various sectors. | – | koloninvest.com | Seoul, South Korea | |
Startup ecosystems are ignited through strategic investments by Signite Partners. | – | signitepartners.com | Seoul, South Korea |
Investor details for Spendit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Spendit
1 people are tracked at Spendit (1 in leadership).
| Name | Role | Group |
|---|---|---|
Dong Yoon Song | CEO | Leadership |
Complete people profiles for Spendit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Spendit
2 dated milestones of Spendit across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Spendit is founded.
- Funding First funding round of $1.8M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.16B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| ramp.com | 2019 | New York, United States | $2.13B | – | Spend management and accounts payable solutions are delivered to businesses. | |
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. | |
| pleo.io | 2015 | Copenhagen, Denmark | $434.02M | 149 | SaaS expense management solutions for business travel are provided. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| marqeta.com | 2010 | Oakland, United States | $528.11M | 854 | Card-issuing and payment processing solutions are offered to businesses. | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. |
Detailed competitors of Spendit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Spendit
The website of Spendit (spendit.kr) receives about 94K visits a month.
- Monthly visits94K
▲ 22.7% vs previous month
Websites whose visitors overlap most with Spendit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| flex.team | 100% | 1.5M | #36,879 | View details | |
| figma.com | 89% | 84.7M | #221 | View details | |
| clien.net | 83% | – | #1,178 | View details | |
| notion.so | 82% | 178.3M | #160 | View details | |
velog.io | velog.io | 78% | – | #26,732 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Spendit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Spendit
10 companies that operate in the same segment as Spendit (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 3.21 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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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 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.
Spendit operates through ,.