Barcelona based expenses management platform Captio has raised €1m in venture funding led by Sabadell Venture Capital. Captio helps companies better manage their expenses and helps identify saving opportunities that would otherwise go unnoticed.
The company intends to use the funds to continue to expand operations. Led by CEO Joel Vicient, Captio provides a business travel and expense management solution that enables companies and their employees to improve control of their expenses and discover of new savings opportunities. The platform, which integrates the expense management process into a single, paperless workflow, eliminating the need for manual tasks and preventing fraud, features expense entry, classification, mobility, efficiency, supervision and administration. Clients include BBVA, Bankiter, Cofidis, Ricoh, Makro, Toyota, Manpower, and others.