Paris based corporate payments platform Spendesk has raised €2m in Series Seed funding led by Kima Ventures and Funders Club. Spendesk uses the latest innovations in the banking industry to build a software that gives CFOs a complete control over their company’s spendings and provides employees with an awesome experience when they need to do professional purchases.
During March and June of last year, Spendesk was in beta with a number of customers such as Birchbox, AB Tasty, La Belle Assiette and Tinyclues. The founder of these customers also participated in the funding round. Spendesk launched in June of last year as a cost management service for businesses and is now announcing a new service for managing travel expenses with its own payment cards rather than borrowing company cards or using personal cards and filling out expense reports. According to a statement, the startup has been processing 3,000 transactions a week. It has 300 companies using its services, said Rodolphe Ardant, founder and CEO, including Drivy and Deezer. The startup said it plans to offers more solutions in the future for managing various kinds of expenses.