Expend, a company that is said to be ranked 70 in SyndicateRoom’s Top100 fastest-growing British companies, is in over-funding mode on SyndicateRoom.
Expend is a Fintech that assists businesses with expense management through automation. By reducing complexity and providing a single point of expense management Expend has captured a growing audience of users.
The company was originally seeking £750,000 in its pre-Series A round but has topped that goal having raised over £935,000. A future institutional funding round may be in the works later this year.
According to SyndicateRoom, investors Ian Hutchinson and Craig Dewar are investing £150,000 and £302,000 respectively. Venture capitalist Oxford Technology is leading the round.
Expend reports it is currently experiencing 30% month-on-month growth in usage (January-March 2019), processing around £ 1 million per month in expenses
The crowdfunding round is currently scheduled to close in less than three weeks.
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