Paris based corporate card and expense tracking startup Spendesk has raised a $9.9m funding round led by Index Ventures.
“We are building a platform that simplifies your company’s operational spending — supplier payments, corporate expenses, card expenses,” Spendesk founder and CEO Rodolphe Ardant told me. “Everything goes through Spendesk with validation processes and the ability to control everything. Behind the scene, we’re automizing most of the tasks for the financial team. It makes them save an incredible amount of time every day.” Spendesk works in EUR, USD or GBP. Employees who have to pay in cash or with another card can now add third-party expenses too. When it comes to online subscriptions, you can easily track and allow some subscriptions before it goes out of hand thanks to virtual cards. So far, Spendesk has managed over $49 million (€40 million) in transaction volume. 600 companies are using it.