About Spenmo
Spenmo is a company based in Singapore (Singapore) founded in 2019 by Isaq Ahmed and Mohandass Kalaichelvan. Spenmo has raised $121.35 million across 3 funding rounds from investors including Rocket Internet, Broadhaven Capital Partners and Iterative Capital. Spenmo offers products and services including Bill Management, Corporate Debit Card, Reimbursements, and Accounting Software Integration. Spenmo operates in a competitive market with competitors including Sodexo, Concur, Volopay, AceBot and Navisteps, among others.
- Headquarter Singapore, Singapore
- Founders Isaq Ahmed, Mohandass Kalaichelvan
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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 Digital Services Sg Five Pte. Ltd.
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Annual Revenue
$225.17 K (USD)903as on Dec 31, 2021
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Net Profit
-$8.2 M (USD)-642as on Dec 31, 2021
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EBITDA
Not available
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Total Equity Funding
$121.35 M (USD)
in 3 rounds
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Latest Funding Round
$85.35 M (USD), Series B
Jan 01, 2022
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Investors
Rocket Internet
& 23 more
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Employee Count
Not available
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Products & Services of Spenmo
Spenmo offers a comprehensive portfolio of products and services, including Bill Management, Corporate Debit Card, Reimbursements, and Accounting Software Integration.
Processes bills faster with smart scanning and integrations.
Provides access to virtual and physical cards for easy spending.
Handles claims with approvals to reduce petty cash usage.
Syncs with systems like Xero for faster book closing.
People of Spenmo
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Funding Insights of Spenmo
Spenmo has successfully raised a total of $121.35M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $85.35 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.
Investors in Spenmo
Spenmo has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Rocket Internet, Broadhaven Capital Partners and Iterative Capital.
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Venture and private equity investments are managed with global diversification.
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Investment firm scaling software and technology companies from early to late stages.
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Global investments in internet and technology startups are facilitated.
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Investor details for Spenmo
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Investments & Acquisitions by Spenmo
Investment portfolio details for Spenmo
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Financial Statements - Spenmo
Detailed financials for Spenmo
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Spenmo Comparisons
Peer comparison for Spenmo
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Competitors of Spenmo
Spenmo 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 Sodexo, Concur, Volopay, AceBot and Navisteps, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Employee benefits payment cards are provided via an online platform.
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Corporate travel expenses and invoices are managed via SaaS platform.
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Spend management platform for business payments and expenses is offered.
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AceBot is a platform offering productivity bots for Slack to boost team efficiency.
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SaaS-driven expense & travel management solution for business travelers
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Detailed competitors of Spenmo
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Latest news on Spenmo
Complete news archive for Spenmo
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Frequently Asked Questions about Spenmo
Spenmo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Spenmo is headquartered in Singapore, Singapore.
Mohandass Kalaichelvan is the current CEO of Spenmo. They have also founded this company.
Spenmo is a funded company, having raised a total of $121.35M across 3 funding rounds to date.
Annual revenue of Spenmo is $225.17K as on Dec 31, 2021.
Spenmo was founded in 2019 in Singapore by co-founders Isaq Ahmed and Mohandass Kalaichelvan. Corporate cards and expense management solutions are delivered via a cloud platform in the fintech sector. Virtual and physical cards are issued to employees, with features including automated expense reporting, online payments, per-employee payment cards, user spending limits, purchase categorization, expense analytics, and transaction data integration. Operations are based in Singapore.
Spenmo offers Bill Management, Corporate Debit Card, Reimbursements, and Accounting Software Integration.
Spenmo has 24 investors. Key investors include Rocket Internet, Broadhaven Capital Partners, Iterative Capital, Tiger Global, and Insight Partners.