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LONDON, May 10, 2021 /PRNewswire/ Expend, the AI-powered fintech startup changing the way businesses manage expenses and spending, has announced a great start to its crowdfunding campaign on Seedrs.
The company is experiencing a strong growth period having performed well in the past turbulent year with revenue more than doubling, largely because the platform has become a core part of a business technology stack, bridging the gap between financials and accounting.
Expend, the all-in-one spend and expense management platform.
Through an innovative mobile app and web platform, Expend takes business expense management to the next level by simplifying and automating the process for finance teams and employees alike.
Overfunding: UK AI-Powered Fintech Expend Quickly Surpasses £500,000 Target Through Seedrs Campaign
Expend, a UK-based AI-powered fintech, has successfully secured its initial £500,000 funding target through its
equity crowdfunding campaign on Seedrs. The funding round, which recently made its debut, has already attracted more than 100 Seedrs investors.
Founded in 2016, Expend claims it has steadily grown its customer base and has helped thousands of UK SMEs save time, money, and effort by consolidating management, payment and accounting tools into a highly streamlined process.
“Expend provides real-time insights into company spending and gives control back to businesses, through customisable security controls such as spending allowances on Expend Mastercards and approval flows mirroring company hierarchies and structures. Expend does all the heavy lifting such as chasing missing receipts and neatly filing everything into a business’s accounting software platform.�