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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Website
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Social
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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. 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.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.7M
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First Round
First Round
(17 Oct 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - Xpenditure | Valuation |
investors |
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| Oct, 2014 | Amount | Seed - Xpenditure | Valuation |
investors |
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| 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 Xpenditure
Xpenditure has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sodexo. 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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Employee benefits payment cards are provided via an online platform.
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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 Xpenditure
| 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 - Xpenditure
| 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 |
Xpenditure Comparisons
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. 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 |
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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| 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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Frequently Asked Questions about Xpenditure
When was Xpenditure founded?
Xpenditure was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Xpenditure located?
Xpenditure is headquartered in Mechelen, Belgium. It is registered at Mechelen, Antwerp, Belgium.
Is Xpenditure a funded company?
Xpenditure is a funded company, having raised a total of $6.95M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.25M, raised on Oct 17, 2014.
What does Xpenditure do?
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.
Who are the top competitors of Xpenditure?
What products or services does Xpenditure offer?
Xpenditure offers Rydoo Platform, Expense App, Smart Audit, and Expense Cards.
Who are Xpenditure's investors?
Xpenditure has 1 investor. Key investors include Sodexo.
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