Latest news with #AxelDemazy
Business Wire
6 days ago
- Business
- Business Wire
Spendesk Recognised as a Leader in IDC MarketScape for Worldwide AI-Enabled Travel and Expense Applications for Small Business and Midmarket
PARIS--(BUSINESS WIRE)-- Spendesk, the AI-powered spend management and procurement platform, today announced that it has been named a Leader in the new IDC MarketScape: Worldwide AI-Enabled Travel and Expense Applications for Small Business 2025 Vendor Assessment (doc #US53006625, August 2025) and IDC MarketScape: Worldwide AI-Enabled Travel and Expense Applications for Midmarket 2025 Vendor Assessment (doc #US53006525, August 2025). The IDC MarketScape vendor assessment model provides an overview of the competitive fitness of technology suppliers in a given market, combining quantitative and qualitative criteria across multiple dimensions including product functionality, AI innovation, customer experience, scalability, global delivery, and alignment with evolving market needs. This Worldwide AI-Enabled Travel and Expense Applications assessment examined solutions' ability to deliver integrated, secure, and user-friendly travel and expense workflows. We believe this recognition reflects Spendesk's commitment to advancing AI-driven transformation in financial operations. Our unified platform is purpose-built for European finance teams and designed to centralise expense control, streamline workflows, and deliver actionable insights. It follows a year of landmark achievements: Spendesk reached company-wide profitability ahead of plan, validating a sustainable SaaS model and supporting continued product investment. In recent months, Spendesk has launched Spendesk Financial Services, its regulated payment institution, and introduced international payments in 30+ currencies in partnership with Wise Platform. 'In our view, being recognised as a Leader by IDC MarketScape is a testament to our mission of empowering mid-market and scaling companies with smarter financial operations,' said Axel Demazy, CEO of Spendesk. 'We see this recognition as validating our profitable, SaaS-driven platform for organisations with 50–1,000 employees. By placing AI and automation at the heart of our solution, we enable finance teams to manage every spend workflow and deliver exactly what today's CFOs need. With continued investment in AI since 2016, we are committed to providing real-time insights that empower customers to make faster, more informed decisions.' About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. About Spendesk Spendesk is the AI-powered spend management and procurement platform that transforms company spending. By simplifying procurement, payment cards, expense management, invoice processing, international payments, and accounting automation, Spendesk sets the new standard for spending at work. Its single, intelligent solution makes efficient spending easy for employees and gives finance leaders the full visibility and control they need across all company spend, even in multi-entity structures. Trusted by thousands of companies, Spendesk supports over 200,000 users across brands such as SoundCloud, Doctolib, Sézane, Printemps, Deezer. With offices in the United Kingdom, France, Spain, and Germany, Spendesk also puts community at the heart of its mission with CFO Connect. For more information:
Business Wire
24-07-2025
- Business
- Business Wire
Spendesk Named One of World's Top Fintech Companies by CNBC
PARIS--(BUSINESS WIRE)-- Spendesk, the AI-powered spend management and procurement platform, has been named to the prestigious CNBC World's Top Fintech Companies 2025 list, one of only four spend management companies worldwide to receive this distinction. This annual ranking, produced in partnership with global research firm Statista, highlights 300 innovative fintech organisations across the world, including just 79 from Europe. Statista's rigorous methodology evaluates each company against a general set of KPIs, in addition to certain sector-specific metrics for their category. Spendesk was nominated in the Enterprise Fintech category. This recognition comes at a milestone moment for Spendesk, following the company's achievement of profitability ahead of schedule. Setting itself apart from traditional tools, Spendesk's AI-first platform covers the majority of 'Money Out' workflows—giving finance teams centralised control and real-time visibility, while leveraging proprietary, real-time data on European operational expenditure to deliver actionable insights and optimise company spend. The launch of its regulated payment institution and recent innovations—including international invoice payments in over 30 currencies (powered by Wise Platform) —underscore Spendesk's ongoing commitment to product excellence and customer value. These advances are part of a broader roadmap, with upcoming investments focused on expanding AI-driven capabilities for financial planning & analysis (FP&A) and environmental, social and governance (ESG), further supporting the evolving needs of modern finance teams. "We are incredibly honoured to see Spendesk recognised by CNBC as one of the world's top fintech companies," said Axel Demazy, CEO of Spendesk. "Being one of only four spend management platforms on the list, and one of just four French companies featured, reflects our focus on solving the operational needs of mid-market companies from 50-1,000 employees with an AI-first, profitable, and SaaS-driven approach. We're helping CFOs and finance teams work smarter, with real-time data, streamlined workflows, and unmatched control over all company spend." About Spendesk Spendesk is the AI-powered spend management and procurement platform that transforms company spending. By simplifying procurement, payment cards, expense management, invoice processing, international payments, and accounting automation, Spendesk sets the new standard for spending at work. Its single, intelligent solution makes efficient spending easy for employees and gives finance leaders the full visibility and control they need across all company spend, even in multi-entity structures. Trusted by thousands of companies, Spendesk supports over 200,000 users across brands such as SoundCloud, Gousto, SumUp, and Bloom & Wild. With offices in the United Kingdom, France, Spain, and Germany, Spendesk also puts community at the heart of its mission with CFO Connect. For more information:
Business Wire
26-06-2025
- Business
- Business Wire
Spendesk Becomes First Profitable Spend Management Platform, Redefining Finance with AI
LONDON--(BUSINESS WIRE)-- Spendesk, the AI-powered spend management and procurement platform, today announces a major milestone: it has achieved profitability, marking one full quarter in the black. This achievement makes Spendesk the first European spend management and procurement platform to reach profitability, a bold step forward in the industry's evolution. Since its €2 million seed round in 2017, Spendesk has rapidly evolved from a disruptive startup to a profitable market leader. The company surpassed €1 billion in spend under management by 2021, then secured a €100 million Series C+ round in 2022 to reach unicorn status and €10 billion managed on the platform. Following the launch of Spendesk Financial Services, its regulated payment institution, and a strategic procurement acquisition, Spendesk doubled spend under management to €20 billion in 2024. Spendesk now processes tens of billions in purchases annually across more than 200,000 business users. The company's successful drive to profitability fulfills its publicly stated objective for 2025, ahead of schedule, while maintaining double-digit growth. 'Spendesk has proven that it's possible to lead the spend management category while balancing growth with profitability,' said Axel Demazy, CEO of Spendesk. 'When I became CEO in 2024, we focused on three priorities: deepening our procurement offering, driving new revenue with Spendesk Financial Services, and accelerating internal efficiency with AI. These priorities have enabled us to achieve profitability ahead of schedule, while delivering even greater value and innovation to our customers.' Rodolphe Ardant, founder of Spendesk, added: 'We set out to transform how companies manage spending in Europe. Since 2017, we've integrated AI into our technology, and today thousands of customers rely on Spendesk's AI to validate receipts and invoices, automate spend allocation in bookkeeping, and flag potential errors. Now, thanks to our new milestone of profitability, we can invest even further in the innovation our customers expect, increasing their efficiency through agentic assistants and providing deeper insights to optimise spend.' As Spendesk enters this next chapter, it remains committed to continuing its double-digit growth by driving the next wave of transformation for finance teams. The company will invest beyond spend management, exploring AI-first opportunities in areas such as FP&A and ESG, where real-time insights and smarter decision-making will empower customers to excel. 'Profitability means more value for our customers,' continued Demazy. 'Our customers can be confident they are partnering with a sustainable provider, here for the long term. Profitability allows Spendesk to keep investing in new features, put AI at customers' fingertips, and help them make smarter decisions, ultimately optimising their P&L.' Spendesk operates in the €70 billion Office of the CFO software industry, expected to grow at 13 percent annually through 2028. By combining advanced technology with financial discipline, Spendesk is uniquely positioned to sustain profitable, double-digit growth as the category continues to expand. About Spendesk Spendesk is the AI-powered spend management and procurement platform that transforms company spending. By simplifying procurement, payment cards, expense management, invoice processing, and accounting automation, Spendesk sets the new standard for spending at work. Its single, intelligent solution makes efficient spending easy for employees and gives finance leaders the full visibility and control they need across all company spend, even in multi-entity structures. Trusted by thousands of companies, Spendesk supports over 200,000 users across brands such as SoundCloud, Gousto, SumUp, and Bloom & Wild. With offices in the United Kingdom, France, Spain, and Germany, Spendesk also puts community at the heart of its mission. For more information:
