Spendesk Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Spendesk Strengths, Domain Expertise, and Key Differentiators

Spendesk is a comprehensive spend management platform designed to streamline and optimize financial operations for businesses with 50 to 1,000 employees. By seamlessly integrating day-to-day technologies, automating key processes, and providing a user-friendly approval workflow, Spendesk empowers employees to manage spending efficiently. At the same time, finance leaders gain full visibility and control over all company expenditures through a unified solution, ultimately saving time, reducing costs, and enhancing operational agility.

The company supports the finance community through CFO Connect, the fastest-growing global network of finance leaders, further solidifying its role as a key player in modern spend management.

Spendesk Recent Developments

In November 2024, Spendesk announced the official launch of Spendesk Financial Services, its newly established and ACPR-regulated payment institution. In partnership with VISA, this strategic development enables Spendesk to provide secure, innovative payment solutions to clients across France and the European Union. With full end-to-end control over its payments infrastructure, Spendesk is now positioned to deliver a more seamless and resilient financial experience. This milestone marks a pivotal step in the company’s evolution, enhancing its platform capabilities and reinforcing its long-term commitment to driving value for finance teams across Europe.

In October 2024, Spendesk launched its fully integrated Procure-to-Pay solution. With this milestone, Spendesk becomes the first European platform to offer a unified procurement and spend management experience tailored to businesses with up to 1,000 employees. The launch follows Spendesk’s strategic acquisition of intake-to-procure (I2P) provider Okko, completed six months prior, and marks a significant step forward in the company’s mission to streamline and centralize business spending.

Spendesk Mergers and Acquisitions (M&A) Activities

In April 2024, Spendesk announced its acquisition of the French procurement platform Okko. This strategic move positions Spendesk as the first European provider to offer a fully integrated procurement and spend management solution tailored to mid-sized businesses. By combining Okko’s capabilities with its existing platform, Spendesk introduces an end-to-end “intake-to-procure-to-pay” solution, empowering finance, legal, IT, and other departments to collaborate more effectively. The integration enhances control and visibility over spending processes—enabling organizations to manage expenditures proactively, even before they occur.

Spendesk Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Spendesk applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Spendesk and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Spendesk customers.

Spendesk Key Enterprise and Cloud Applications

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Spendesk Direct vs Indirect sales

Spendesk Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Spendesk Customers

No. of Spendesk Customers: 5000

No. of Spendesk Enterprise Applications Customers: 5000

No. of Spendesk Cloud Customers: 5000

No. of Spendesk Cloud Subscribers: 200000

Spendesk serves a growing customer base of over 5,000 companies and more than 200,000 end-users, including high-growth organizations such as Algolia, Amboss, Curve, Doctolib, Gousto, Raisin, Sézane, and Wefox. Headquartered in Paris, Spendesk also maintains offices in Berlin, London, and San Francisco. The company supports the finance community through CFO Connect, the fastest-growing global network of finance leaders, further solidifying its role as a key player in modern spend management.

Spendesk Market Opportunities, M&A and Geo Expansions

In March 2024, Spendesk announced the launch of its latest integration with over 40 leading HR platforms, including prominent names such as PayFit, Personio, HiBob, and Deel. This strategic expansion establishes a new benchmark for seamless connectivity between financial operations and employee management, delivering enhanced efficiency, automation, and security for businesses globally.

Spendesk recently announced an additional $18 million in funding, extending its previous Series B round of $38 million. This latest investment, led by global venture capital firm Eight Roads Ventures, brings the company’s total funding to $68.5 million. The new capital will support Spendesk’s continued growth, which has been further propelled by the increased demand for digital finance solutions as organizations accelerate the digitization of their finance functions in response to the evolving business landscape.

Spendesk Risks and Challenges

Founders face several risks when securing venture capital funding. Chief among them is the dilution of ownership and potential loss of control, as investors typically require equity stakes in exchange for capital. The pressure to deliver rapid returns can lead to prioritizing short-term performance over long-term strategic goals, potentially compromising the company’s original vision. Diverging perspectives between founders and venture capitalists may also result in strategic misalignment and internal conflict. Additionally, the high expectations for accelerated growth and profitability can impose significant operational pressure. Dependence on external funding further exposes the company to financial vulnerability, particularly during economic downturns or if future funding rounds prove challenging to secure.

Spendesk Ecosystem, Partners, Resellers and SI

In July 2020, Receipt Bank forged a strategic partnership with Futrli, a cash-flow forecasting application. The synergy between Receipt Bank and the Futrli platform enables the transformation of generated data into actionable insights, offering valuable perspectives on the business's performance and future prospects to guide informed decision-making.Receipt Bank further extends its collaborative network through partnerships with leading providers of accounting software, including Xero, QuickBooks, and Sage.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: