COMPANY PROFILE

Spenmo

Explore full profile

Spenmo helps your company receive money faster and automates your entire payables stack

Singapore, SingaporeFounded 2019Fintech

Valuation $250–500M Last recorded · 2022

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

Unlock exact values

About Spenmo

Spenmo is a financial technology startup that offers a suite of spend management tools designed to streamline financial processes for businesses. The company's primary focus is on providing finance teams with the visibility and control they need to manage their company's expenses more efficiently.

Read full description

Spenmo's services are particularly beneficial for businesses that need to manage employee expenses. The company offers both virtual and physical corporate cards, which can be locked to specific merchants and have fixed budgets. This ensures that employees can only spend what's budgeted and where the company wants them to.

One of Spenmo's standout features is its bill automation service. This allows businesses to upload bills in bulk, with Spenmo's Smart Scanning technology handling the rest. This reduces the amount of manual work required and helps to streamline the payment process.

Spenmo also offers a dashboard for reviewing and processing reimbursements, as well as customizable multi-level approval flows for payments. This ensures that every transaction is approved correctly and tracked on the dashboard, reducing reconciliation headaches.

The company's services integrate seamlessly with existing accounting software, making it a versatile tool for businesses of all sizes. Spenmo's clients range from small businesses to large corporations, and its services are particularly popular among companies with remote or hybrid workforces.

Spenmo operates in the financial technology market and makes money by charging businesses for access to its suite of spend management tools.

Source: Dealroom company data