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Findity raises SEK 50 million to accelerate its international expansion
The fintech company, Findity, is raising 50 million SEK to accelerate its international expansion and complete a comprehensive company rebrand. The company’s two brands, Companyexpense and Findity, come together under one roof, allowing full focus on continued innovation and expansion.
The Swedish expense management provider Findity raises 50 million SEK from private investors such as Johan Blomquist, former partner at Altor, Niklas de Bésche, former CEO of Meltwater, as well as existing owners and staff. The company will use the investment to accelerate its international expansion and product development. Furthermore, a comprehensive rebrand brings their two brands together under one Findity.
Findity’s product for expense claims, entertainment, mileage and per diem is today used by more than 30,000 customers. Through its white label offering, the company provides partners such as American Express, Fortnox and Visma with expense management solutions in their respective brands.
“Findity is in an exciting phase of expansion. With a proven product, a unique white label offer and strong demand, the possibilities are endless.” – Johan Blomquist, former partner at Altor.
Having built a top product and gained a leading position in Sweden, the focus is now on international expansion. At the same time, the company changes the name of its product Companyexpense, which will be called Findity.
“We see significant demand from businesses that want to improve employees’ everyday lives, and the investment allows us to strengthen our position internationally. We want customers and partners to enjoy easier expense management. The new united brand helps us continue to focus on innovation and improve every day for people using our product.” – Patrick Olsson, CEO of Findity
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