Spenmo

What is Spenmo?

Spenmo is an all-in-one payments platform that enables startups and small-to-medium enterprises to streamline their business payments. The software provides an integrated view of internal spend management, corporate cards, automated bill payments, approval workflows, and accounting reconciliation. Companies that use Spenmo report saving over 50 hours and $10,000 every month. After completing the Y-Combinator program in 2020, Spenmo has since grown to over 200 employees and raised over US$85M in venture capital from leading investors including Y Combinator, Insight Partners, Addition, Salesforce, Global Founders' Capital, and Alpha JWC

Highlights

• Integrated internal spend management, corporate cards, automated bill payments, approval workflows, and accounting reconciliation
• Enables significant time and cost savings for businesses, with over 50 hours and $10,000 saved per month
• Funded by leading venture capital firms and accelerators, with over $85M raised
• Rapid growth to over 200 employees since 2020