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  • FinTech
  • France

In short: Spendesk becomes a Unicorn in its turn

The French specialist in corporate expense management Spendesk is a reference in the FinTech market dedicated to professionals. It is currently pursuing its expansion strategy, in a context that is particularly favourable to fundraising; a long-term effort that has enabled it to achieve the coveted status of Unicorn.

Spendesk has established itself over the years as a French specialist in the dematerialisation of financial services. Its BtoB positioning has enabled it to convince investors on several occasions during its existence. 2019, 2020, 2021 will have been marked by major fundraising for the FinTech.

And 2022 is also off to a strong start, as Spendesk has just announced that it has completed a new round of financing to double its Series C. 100 million euros have been added to the investments received by the FinTech and, above all, have enabled it to reach the status of Unicorn.

Tiger Global is the leader of this round, followed by all the historical investors of Spendesk, namely Index Ventures, Eight Roads, General Atlantic and eFounders.

Spendesk thus becomes the 26th French Unicorn, without the exact amount of its current valuation being revealed.


KEY FIGURES

        recurring revenues and turnover multiplied by 2 in 2021
        more than $3 billion in managed spend by 2021
        3,500 client companies (the majority of which are SMEs and ETIs)
        100,000 users of its services