# Spendit Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spendit-co

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.spendit.kr
- Total disclosed funding: $4.7M
- Latest round: Series A (May 7, 2021)
- Investors on record: 6

## About

Founded in 2015 and based in Seoul, South Korea, Spendit Co., Ltd., operates an online platform that allows corporations and enterprises to monitor, submit, and approve expense reports by just linking all their cards and bank accounts. In May 2021, Spendit Co., Ltd., raised KRW 2 billion in series A funding led investor, Korea Investment Partners, with participation from Signite partners. As of 2023, the company is led by its CEO, Song Dong-yoon, and has a client base that includes companies like Brandi, Vroong, Tridge, and many more.

The company offers a compliance monitoring platform that allows companies to view various reports for linked card and account details, cash, tax invoices, personal cards, and corporate card management. The company provides an application integration platform that integrates with various ERP (enterprise resource planning) tools with interlocking, slips.

The company generates revenue by charging Won 12,000 for its corporate plan.

## Funding rounds

- Series A, May 7, 2021, $1.8M — Korea Investment Partners, Signite
- Series A, Mar 25, 2020, $2.5M — Kolon Investment, Hana Ventures
- Seed, May 1, 2018, $0.5M — Korea Tech Incubator for Startup, The Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series A
- Hana Ventures — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Signite (https://capitalatlas.ai/funds/signite) — Series A