French B2B Fintech welcomes new investor Eight Roads Ventures to support strong growth during the pandemic and Joseph Smith joins the team as CRO
Spendesk, the leading spend management platform for SMBs, today announced it has raised $18 million in addition to its Series B round last year ($38 million). The new investment comes from global VC fund Eight Roads Ventures and brings the total raised to $68.5 million. This funding will support the strong growth Spendesk has realised despite the current pandemic, which has accelerated digitisation of finance departments and increased the demand for spend management solutions.
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New Spendesk CRO Joseph Smith (left) with CEO & Co-founder Rodolphe Ardant (right) (Photo: Business Wire)
“Many companies see inefficiency in dated processes such as shared company credit cards and manual receipt collection, particularly when their teams are working remotely. The