Stockholm-based fintech Findity has received around 5-million-euro (50 MSEK) support from private investors and its existing owners to further its expansion on a global level. The funding also enables the Swedish startup to merge its two brands under the name Findity. This platform offers an automated all-in-one solution to expense management. With the funding, Findity is targeting to focus on product development.
Findity raises SEK 50 million to accelerate its international expansion.
The fintech company, Findity, is raising SEK 50 million to accelerate its international expansion and complete a comprehensive company rebrand. The company’s two brands, Companyexpense and Findity, come together under one roof, allowing full focus on continued innovation and expansion.
The Swedish expense management provider Findity raises SEK 50 million from private investors such as Johan Blomquist, former partner at Altor, Niklas de Bésche, former CEO of Meltwater, as well as existing owners and staff. The company will use the investment to accelerate its international expansion and product development. Furthermore, a comprehensive rebrand brings their two brands together under one Findity.
Findity’s product for expense claims, entertainment, mileage and per diem is today used by more than 30,000 customers. Through its white label offering, the company provides partners such as American Express, BDO, Visma SPCS and Fortnox with expense management solutions in their respective brands.
“Findity is in an exciting expansion phase right now. With a product our clients really love, a unique white label offer for our partners and strong demand, the possibilities are fantastic!” – says Niklas de Bésche.
Having built a top product and gained a leading position in Sweden, the focus is now on international expansion. At the same time, the company changes the name of its product Companyexpense, which will be called Findity.
“We see significant demand from businesses that want to improve employees’ everyday lives, and the investment allows us to strengthen our position internationally. We want customers and partners to enjoy easier expense management. The new united brand helps us continue to focus on innovation and improve every day for people using our product.” – says Patrick Olsson, CEO of Findity.