About Xpenditure
Xpenditure is a company based in Mechelen (Belgium) founded in 2011 was acquired by Sodexo in March 2017. Xpenditure has raised $6.95 million across 2 funding rounds from investors including Sodexo. Xpenditure offers products and services including Rydoo Platform, Expense App, Smart Audit, and Expense Cards. Xpenditure operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Mechelen, Belgium
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Sectors
Travel & HospitalityTechnology
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Phone
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- Legal Name Rydoo
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Products & Services of Xpenditure
Xpenditure offers a comprehensive portfolio of products and services, including Rydoo Platform, Expense App, Smart Audit, and Expense Cards.
Platform for automating business expense processes and compliance.
App for quick expense submission and tracking.
AI system to detect and flag non-compliant expenses.
Virtual cards for controlled and secure spending.
Funding Insights of Xpenditure
Xpenditure has successfully raised a total of $6.95M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.7 million completed in October 2015. 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 Xpenditure
Xpenditure has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sodexo.
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Employee benefits payment cards are provided via an online platform.
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Investor details for Xpenditure
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Investments & Acquisitions by Xpenditure
Investment portfolio details for Xpenditure
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Financial Statements - Xpenditure
Detailed financials for Xpenditure
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Xpenditure Comparisons
Peer comparison for Xpenditure
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Competitors of Xpenditure
Xpenditure 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.
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SaaS-driven credit card and spend management solutions platform for businesses
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Spend management and accounts payable solutions are delivered to businesses.
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Corporate travel and expense management are facilitated through SaaS platform.
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SaaS expense management solutions for business travel are provided.
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Procure-to-pay management software is offered for business operations.
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Corporate cards and expense management are offered to businesses.
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Detailed competitors of Xpenditure
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Latest news on Xpenditure
Complete news archive for Xpenditure
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Frequently Asked Questions about Xpenditure
Xpenditure was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Xpenditure is headquartered in Mechelen, Belgium. It is registered at Mechelen, Antwerp, Belgium.
Xpenditure is a funded company, having raised a total of $6.95M across 2 funding rounds to date.
Xpenditure is an expenses management app that allows anyone with a smartphone, a tablet or simply a webcam to digitize, store and manage receipts. It was created with the freelancer and small business owner in mind. After a free trial, basic users pay 5 per user per month. This covers all of the basic features of both the web and mobile apps. However, to add groups and role permissions, to integrate with existing business software, or to build and mananage a plan of more than 15 users, businesses will be required to upgrade to the Pro version, which is available for 7 per user per month.
Xpenditure offers Rydoo Platform, Expense App, Smart Audit, and Expense Cards.
Xpenditure has 1 investor. Key investors include Sodexo.