Spendesk Raises Funding to Expand Procurement Solutions for Mid-Sized Businesses

Spendesk Acquires Okko

Key Highlights:

• Acquisition: Spend management platform Spendesk has acquired French procurement company Okko.
• Enhanced Solution: Integration of Okko's technology and resources will enable Spendesk to offer improved procurement and spend management capabilities for mid-sized businesses.

Spendesk's Target Market

• Mid-sized Businesses: Companies with 50 to 1000 employees seeking a spend management platform to streamline their financial processes.
• Finance and Procurement Teams: Departments responsible for managing company spend, vendor relationships, and procurement processes.
• Startups and Established Brands: Spendesk's solution caters to businesses of all sizes, from startups to established brands.

What Spendesk Needs to Buy

• Technology Integration: Collaborating with companies specializing in procurement and spend management technologies to enhance their platform.
• Partnerships with Procurement Service Providers: Collaborating with procurement service providers to offer comprehensive solutions to their target market.
• Expansion and Market Penetration: Services to support market expansion, customer acquisition, and maintaining high standards in customer service.