Fintech company Findity raises SEK 50 million to accelerate its international expansion, while carrying out a major brand refresh.
The company’s two brands, Companyexpense and Findity, will be brought together under one roof, enabling full focus on continued innovation and expansion.
Swedish expense management provider Findity is raising SEK 50 million from private investors including Johan Blomquist, former partner at Altor, Niklas de Bésche, former CEO of Meltwater, as well as existing owners and staff. The investment will be used to accelerate the company’s international expansion and product development. In conjunction with this, a major brand refresh is also being undertaken, bringing together two brands under one Findity.
Findity’s expense, entertainment, mileage and per diem products are currently used by more than 30,000 customers. Through its white label offering, the company provides partners such as American Express, BDO, Visma SPCS and Fortnox with expense management solutions under their respective brands.
“Findity is in a very exciting phase of expansion. With a product that our customers really like, a unique white label offering for our partners, and a strong demand, the opportunities are fantastic!” – Niklas de Bésche
Having built a leading product and position in Sweden, the sights are now set on international expansion.
At the same time, the company is renaming its product Companyexpense, which will henceforth be called Findity.
“We are seeing strong demand from companies that want to improve employees’ everyday lives and the investment gives us the opportunity to strengthen our position internationally. We want customers and partners to have an easier time managing expenses. With a new unified brand, our focus will come together and we will continue to innovate and improve the everyday lives of those who use our product” – Patrick Olsson, CEO of Findity.