Update Aug2020

27th August 2020

Expend have been bucking the trend and have been growing well during the pandemic.

August 2020 is set to be another record month for revenue and new sign-ups. Great considering August is traditionally one of the quieter times given the number of people out of office.

We have some sizeable new customers, most notably the restaurant chains Cote Restaurant and Itsu. There are some bigger pipeline opportunities too, including Pizza Express.

The model for charging a subscription for the platform has proven robust and resilient to fluctuations in spending behaviour.

In the current situation, we believe the growth and performance speak volumes.

We now score an average of 4.74 out of 5 in our customer reviews. We're very proud of this, it's the best in the sector. https://www.reviews.io/company-reviews/store/expend-io

Currently raising a bridge round which should see the company past break even with the current team and put us in a strong position for the next larger raise in 2021 - the raise that will fuel our expansion into new international territories.

Company profile:

The award winning expense management and company spending platform. Expend is changing the way businesses manage expenses and spending.

Say goodbye to multiple apps, logins and subscriptions. Say hello to an AI-assisted future that’s free of admin and inaccurate data.

A revolutionary, award-winning platform that automates company expenses and also provides innovative payment solutions to make managing business spending a doddle.

Expend is a London FinTech which provides expense management software with a banking backbone for unrivalled automation and efficiency.

Expend can be used with its own prepaid cards or as a management platform for any existing company cards.

Consolidating features include: controllable company cards, payments, receipt scanning and invoice data extraction, mileage tracking and accounting software integrations.

Businesses, financial controllers and accountants now have more insight and control than ever before.

Go beyond expenses with Expend.