LONDON--(EON: Enhanced Online News)--A FinTech startup is taking on the hassle of filing business expenses with a new payment card. Using the card instantly creates an expense claim that is ready to be synced with accounting platforms. Instead of hoarding receipts and spending hours filling in expense claims, users can get it all done on the fly by just using the card along with the companion mobile app.
“Everyone here at Expend is already using their card for payments”
“We were sick of getting that sinking feeling at the end of each month when you have to do your expenses“, says Johnny Vowles, CEO of Expend. “We even found that some employees lose money by failing to claim back expenses from their employers. We looked for a way to streamline the process for everyone – sole traders, employees, as well as financial officers – and invented something that does nearly all of the work for you."
Expend is now launching a payment card, the Expend card, which not only promises an "expense revolution", but also offers a 0% foreign exchange rate for transactions abroad. The value of this should be immediately apparent to business travellers. There are also features in the works that will appeal to larger businesses and accountants, such as setting spending rules and viewing analytics. Customers pay a flat monthly rate for the service, with no additional card fees.
The Expend app is already available, with the complimentary card launching soon. “Everyone here at Expend is already using their card for payments,” says Johnny. “It works a treat.”
Expend has just launched it’s latest financing round on Crowdcube with equity on offer from £10.
Expend improves the business expenses process by removing the pain of recording and managing them.
Powered by an accounting focused payment system, Expend takes automation of the expense claim process further with a combination of free app and payment card.
Everything is tracked in real-time and recorded into your accounting package.
Expend is tackling the problem of lost receipts, repetitive form filling and errors. Allowing companies to have better control over spending while saving time and reducing end-of-month surprises.