b2b-daily
Search
Close this search box.
Search
Close this search box.
Home | FinTech | Digital Lending / Digital Payments

Spendesk Launches Financial Services Division with Visa Partnership

Avatar photo
by Mikhail Hamilton
December 3, 2024
Spendesk Launches Financial Services Division with Visa Partnership

Spendesk, a French FinTech company known for its innovative spend management platform, has taken a significant step forward by launching a new financial services division, Spendesk Financial Services, in collaboration with Visa. This new division is powered by a license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), which grants Spendesk complete control over its payment services infrastructure. The primary goal of this initiative is to provide European SMEs and mid-market companies with a more streamlined and centralized payment management solution, enhancing efficiency and visibility across their financial operations.

Initially established as a SaaS spend management platform, Spendesk has been providing finance teams with tools that offer full visibility and control over company expenditures. This system ensures that every purchase is accountable, linking it to a person, project, or budget. Such capability is particularly appealing to mid-market companies looking for transparency and accountability within their financial operations. Spendesk’s considerable achievements, highlighted by its attainment of unicorn status in 2022 following a €100 million Series C funding round, have set the stage for this latest expansion into the financial services sector.

With the introduction of Spendesk Financial Services, the company is leveraging its partnership with Visa to offer enhanced features such as account management, physical and virtual business cards, and payment transfers. This strategic collaboration aims to enhance Spendesk’s core offerings while centralizing operational processes, allowing for the rapid integration of new features. Stéphane Dehaies, the president of Spendesk Financial Services, notes that this development enables faster innovation and better responsiveness to the evolving needs of European SMEs and mid-market companies. By taking control of its payment infrastructure, Spendesk positions itself to deliver superior services and bespoke solutions tailored to its clients’ requirements.

Business StrategyMoney ManagementStartup

Explore more

Why is LinkedIn the Go-To for B2B Advertising Success?
June 27, 2025

In an era where digital advertising is fiercely competitive, LinkedIn emerges as a leading platform for B2B marketing success due to its expansive user base and unparalleled targeting capabilities. With over a billion users, LinkedIn provides marketers with a unique avenue to reach decision-makers and generate high-quality leads. The platform allows for strategic communication with key industry figures, a crucial

Endpoint Threat Protection Market Set for Strong Growth by 2034
June 27, 2025

As cyber threats proliferate at an unprecedented pace, the Endpoint Threat Protection market emerges as a pivotal component in the global cybersecurity fortress. By the close of 2034, experts forecast a monumental rise in the market’s valuation to approximately US$ 38 billion, up from an estimated US$ 17.42 billion. This analysis illuminates the underlying forces propelling this growth, evaluates economic

How Will ICP’s Solana Integration Transform DeFi and Web3?
June 27, 2025

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Embedded Finance Ecosystem – A Review
June 27, 2025

In the dynamic landscape of fintech, a remarkable shift is underway. Embedded finance is taking the stage as a transformative force, marking a significant departure from traditional financial paradigms. This evolution allows financial services such as payments, credit, and insurance to seamlessly integrate into non-financial platforms, unlocking new avenues for service delivery and consumer interaction. This review delves into the

Certificial Launches Innovative Vendor Management Program
June 27, 2025

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.