Expend helps businesses by simplifying and automating the process of expense management. The company provides optional contactless payment cards, receipt and invoice management, mileage tracking, spending approvals and expense reimbursements through its mobile app and web platform. It aims to become a contender in the global travel and expense management software market that is expected to reach $17.4 billion by 2027. The company argues that 96% of its customers are happy and recommend its services. It has onboarded notable clients such as Amazon, Capitalise, Bumble, and Jimmy's. The company will use 40% of the investment on sales and marketing to further target the Small and Medium Enterprise (SME) and corporate markets, 40% to open up market opportunities via further product enhancements along with partner products, and 20% to expand its services to international users.
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Expend Rating Review
Pitch rating powered by CROWDRATING™
Rated on 07/06/2021
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£19,689,542
pre-money valuation
2.48%
equity available
478
investors
£1,939
pledge per investor
08531792
company number
Active
company status
16/05/2013
incorporated 11 years
Officers
Christiaan Rudolph VAN GRAAN
Appointed: 21-08-2012
News
Peter Obi Seeks God's Intervention for Politicians to Judiciously Expend Public Funds - Arise News
28/04/2024 Arise News
Expense management fintech, Expend, calls for end to 'outdated business mileage' rate. - openPR
24/04/2024 openPR
Polyglots Expend Minimal Effort on Native Language Processing - Technology Networks
11/03/2024 Technology Networks
How Much Energy Does A Whale Shark Expend While Interacting With People? - Forbes
12/07/2023 Forbes
Melania Trump Reportedly Still Deciding How Much Effort She Wants to Expend Helping Her Husband Get Reelected - Vanity Fair
29/03/2024 Vanity Fair
Expend Integrates Visa Business Card Transactions Into Expense Management Platform - PYMNTS.com
20/06/2023 PYMNTS.com
Should the L.A. Rams Expend a 3rd-Round Draft Pick on Impressive USC Running Back MarShawn Lloyd? - Yardbarker
11/04/2024 Yardbarker
Virgin Money taps Expend for business banking - Finextra
06/01/2022 Finextra
ECOWAS To Expend $9m On IDPs And Refugees - Voice of Nigeria
20/04/2024 Voice of Nigeria
Expenses platform Expend launches new SME FinTech marketplace in partnership with Iwoca, Tanda, FreeAgent and ... - ResponseSource
21/01/2020 ResponseSource
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What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.