Rydoo, a Belgium-based startup founded in 2011, offers an intuitive Expense Management platform aimed at enhancing efficiency and productivity within companies. The platform allows employees to submit and track their expenses in real-time through a mobile app, while giving financial teams the visibility needed to ensure compliance with current legislation. The last significant investment, a $5.70M Series A round, was secured on 12 October 2015 from investors including Toon Coppens, Jonas Dhaenens, Bart Swanson, and Lorenz Bogaert. Rydoo's mission is to streamline expense management, ultimately reducing administrative burdens and increasing overall impact. The emphasis on mobile accessibility and real-time tracking aligns with the industry's increasing reliance on technology to drive efficiency. With a focus on Finance and SaaS industries, the company targets a significant market demand for streamlined expense management solutions. The startup's slogan, "Get rid of frustrating expense management. We help your company become more efficient and productive. It's that simple," encapsulates the core value proposition. Rydoo's offering speaks to the growing need for simplified, efficient solutions in the corporate expense management space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $5.70M | 4 | Toon Coppens, Jonas Dhaenens +2 | 12 Oct 2015 |
Angel Round | €1.00M | - | 07 Oct 2014 | |
Seed Round | €1.80M | - | 04 Apr 2011 |
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