Expend’s pioneering payment card and app gets you out of filing
LONDON–(BUSINESS WIRE)–#businessexpenses–A FinTech startup is taking on the hassle of filing business expenses
with a new payment card. Using the card instantly creates an expense
claim that is ready to be synced with accounting platforms. Instead of
hoarding receipts and spending hours filling in expense claims, users
can get it all done on the fly by just using the card along with the
companion mobile app.
“We were sick of getting that sinking feeling at the end of each month
when you have to do your expenses“, says Johnny Vowles, CEO of Expend.
“We even found that some employees lose money by failing to claim back
expenses from their employers. We looked for a way to streamline the
process for everyone – sole traders, employees, as well as financial
officers – and invented something that does nearly all of the work for
Expend is now launching a payment card, the Expend
card, which not only promises an “expense revolution”, but also
offers a 0% foreign exchange rate for transactions abroad. The value of
this should be immediately apparent to business travellers. There are
also features in the works that will appeal to larger businesses and
accountants, such as setting spending rules and viewing analytics.
Customers pay a flat monthly rate for the service, with no additional
app is already available, with the complimentary card launching
soon. “Everyone here at Expend is already using their card for
payments,” says Johnny. “It works a treat.”
Expend has just launched it’s latest financing round on Crowdcube
with equity on offer from £10.
improves the business expenses process by removing the pain of recording
and managing them.
Powered by an accounting focused payment system, Expend takes automation
of the expense claim process further with a combination of free app and
Everything is tracked in real-time and recorded into your accounting
Expend is tackling the problem of lost receipts, repetitive form filling
and errors. Allowing companies to have better control over spending
while saving time and reducing end-of-month surprises.