Expend, a Fintech in the business expense management sector, is scheduled to close its crowdfunding round on SyndicateRoom later today.
Valued at £12.5 million, Expend has now raised £1.33 million topping its initial goal of £750,000.
Expend is said to be processing over £1 million per month in expenses increasing at a rate of 30% month over month growth.
Expend is a company that is said to be ranked 70 in SyndicateRoom’s Top100 fastest-growing British companies.
According to the Expend website, existing investors include Metro Bank, Deutsche Bank, and RBS, as well as angel investors and funds such as Oxford Technology. The company seeks to “redefine expense management” and demand from users seems to validate the fact that the company is providing value for its users.
As with every offering on the SyndicateRoom platform, WCS Nominees Limited is the lead investor in the found having dedicated £53,719 as part of the funding. SyndicateRoom investors receive similar rights including voting and pre-emption rights. Offering is EIS qualified.
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