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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$279.6M
Headquarters
Paris, France
Founded
2016
Spendesk offers a financial technology platform that helps businesses manage their spending more effectively. The platform provides a comprehensive view of all company expenses, allowing finance teams to make informed decisions quickly. It captures over 95% of receipts on time, giving businesses real-time visibility into their spending habits. Spendesk is designed to be user-friendly, making it easy for companies to transition to the platform, as evidenced by 98% of their clients reporting a smooth switch. Unlike many competitors, Spendesk operates on a subscription model with no hidden fees or setup costs, which simplifies budgeting for businesses. The platform includes features such as expense tracking, validation systems, and a traceable workflow, enabling companies to automate their expense management while maintaining control. The goal of Spendesk is to streamline financial processes for businesses, helping them to make smarter spending decisions.
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Total Funding
$279.6M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Transport reimbursements - Monthly contribution to your transportation card (metro, bus or train).
Offsite and events - Regular team events to exchange with other Spendeskers and get to know each other better
Personal Day - 3 personal days per year to rest and enjoy life
€50 on your Spendesk card - To buy anything you need for work
For Spendeskers with kids - Generous parental leave & a lot of flexibility for working parents
Great offices - In the hearts of Berlin, London, Paris, and San Francisco.
Stampli introduced a procure-to-pay solution that brings all procurement processes, documents and conversations between finance team members, employees and vendors together in one workflow. The new Stampli Procure-to-Pay software provides a single platform that includes purchase requests, purchase order (PO) creation, invoice processing, payments and discussions, the company said in a Thursday (Jan. 30) press release.The solution will be made generally available to all Stampli’s accounts payable (AP) automation customers during the first quarter, according to the release. “Everything happens within Stampli: Every step, every approval, every budget review and every conversation, in perfect harmony with your ERP,” Stampli CEO and co-founder Eyal Feldman said in the release
Spendesk, the complete spend management platform, has shared the findings of a new study of corporate spending on AI tools among 4,300 small and medium-sized businesses (SMBs) in the UK and across Europe. As the AI industry grows in maturity, the findings reflect how businesses are both mass-adopting while strategically investing in scalable, creative, and safety-focused AI tools to balance cost, functionality, and societal impact.Key Findings:The number of UK SMBs adopting AI tools in 2024 is 32 times more than in 2022Per-company spending on AI tools in the UK rose 5.9 times from €195 in 2022 to €1,151 in 2024OpenAI is the most popular AI vendor among UK companies, with a total billing amount of €656,355 in 2024, up from €183,052 in 2023, and an average monthly bill of €160 per companyConversational AI tools such as ChatGPT have seen increases in overall spend in the UK but maintained low average billing rates, indicating that these tools are successfully scaling across industriesThere is evidence UK businesses are thinking more about responsible AI usage and safety, with spending on Anthropic rising from €323 in 2023 to €14,574 in 2024The Spendesk corporate spend data shows that UK businesses are placing increased trust in AI tools. The adoption rate for AI solutions has grown more than 32 times in two years, from 19 UK companies of those surveyed in 2022 to 599 in 2024.Results also show a consistent rise in average spending on AI among UK businesses, from €195 per company in 2022 to €1,151 per company in 2024. This suggests that many businesses in the UK are moving beyond basic AI adoption, and are now integrating it into core workflows.Compared to their French and German counterparts in the study, spend on AI among UK companies has grown more quickly over the past two years. However, the number of French SMBs adopting AI tools has increased by a greater amount – 57 times – during the same period, while German companies spend more on average than UK companies at €1,332 per month.The fast growth of OpenAI‘s business in the UK – with billing levels reaching €656,355 in 2024, up from €183,052 in 2023 – implies that UK companies are prioritizing large-scale, adaptable AI platforms for diverse applications such as content generation, customer interaction, data analysis, and automation.Where creative AI applications are concerned, UK business’ spending on Midjourney grew from €7,763 in 2023 to €12,612 in 2024, with average billing amounts decreasing from €45 per month in 2023 to €37 per month in 2024. This indicates that businesses in media, marketing, and design are taking advantage of the lower barrier to entry for access to creative AI tools.Conversational AI tools such as ChatGPT are increasingly being used by UK companies to directly interact with customers, enabling real-time engagement and streamlined customer services
Spendesk, the spend management platform for mid-sized businesses, has launched Spendesk Financial Services, which is its own payment institution.
Spendesk, the spend management platform for mid-sized businesses, has launched its own payment institution.
Spendesk launched a payment institution that enables it to offer payment solutions to its clients across France and the European Union. The new Spendesk Financial Services is regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and includes a collaboration with Visa, Spendesk said in a Tuesday (Nov. 26) press release. The payment institution’s capabilities join those of Spendesk’s spend management platform for mid-sized businesses, which is used by 5,000 client businesses across Europe, according to the release
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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$279.6M
Headquarters
Paris, France
Founded
2016
Find jobs on Simplify and start your career today