Kodo
Kodo is an India-based fintech startup offering a cloud-based spend management platform covering corporate cards, accounts payable automation, vendor payments, and reimbursements. Founded in 2019 and headquartered in Bengaluru, it serves over 2,000 startups, mid-market, and enterprise customers across India through a SaaS subscription model.
- Company typePrivate
- Founded2021
- HeadquartersMumbai, India
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Kodo does
Kodo is an India-based fintech startup providing a cloud-based spend management platform that combines corporate card issuance, accounts payable automation, vendor payments, and expense reimbursements into a single intake-to-pay system. The company was founded in 2019 and is headquartered in Bengaluru, serving more than 2,000 businesses across India ranging from early-stage startups to mid-market and enterprise customers.
The platform's core technology integrates with leading ERP systems (Zoho, Tally, Oracle, SAP), mailbox and WhatsApp for communication capture, and major banks and card issuers for payment processing. Kodo's product suite comprises an Accounts Payable Agent for invoice automation, Vendor Payments for flexible payout control, Corporate Cards with real-time spend limits and insights, and Reimbursements with policy-based approval enforcement. Platform-level capabilities include dynamic workflows (maker-checker-approver, auto-approver, nested workflows), role-based access controls, and collaboration tools delivering real-time spend visibility. The company holds SOC 1 and SOC 2 Type 2 certifications.
Kodo generates revenue through a SaaS subscription model with annual billing and quote-based pricing customized to customer size and requirements. Its go-to-market motion is hybrid: product-led self-serve onboarding for startups and SMBs, complemented by sales-assisted enterprise engagement. Distribution is exclusively through direct digital channels within India, with no disclosed international operations. The company was part of Y Combinator's Winter 2021 batch and raised US$8.75 million in seed funding in May 2021 from investors including Brex, Goat Capital, Pioneer Fund, Leonis Investissement, Liquid 2 Ventures, Wayfinder Ventures, and Y Combinator.
Kodo firmographics
Firmographics- Name
- Kodo
- Legal name
- Kodo
- Website
- https://kodo.in
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Kodo is an India-based fintech startup offering a cloud-based spend management platform covering corporate cards, accounts payable automation, vendor payments, and reimbursements. Founded in 2019 and headquartered in Bengaluru, it serves over 2,000 startups, mid-market, and enterprise customers across India through a SaaS subscription model.
- Ownership category
- akta.pro rank
Kodo industry classification
Industry- Product category
- Spend Management Software
- NAICS
- Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)
- akta.pro secondary industry
- Compliance, GRC Workflow & Audit Automation Platforms (HDAEAHAL)
Keywords
Where Kodo is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Kodo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Spend Management Platform Subscription: Kodo generates revenue through a SaaS subscription model offering accounts payable automation, vendor payouts, corporate cards, and reimbursements. The platform combines the powerful controls of large systems with the agility of flexible solutions, targeting businesses of all sizes from startups to enterprise companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom pricing based on business size and requirements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Kodo product offering
Product offeringCore offering
Kodo provides a cloud-based intake-to-pay and payments platform for businesses in India, offering accounts payable automation, vendor payouts, corporate cards, and expense reimbursements on a unified workflow. The platform combines enterprise-grade controls with agile, short-implementation-cycle deployment, and integrates natively with leading ERP systems (Zoho, Tally, Oracle, SAP), mailbox, WhatsApp, and major banks and card issuers. It targets startups, mid-market, and enterprise companies seeking real-time spend visibility and policy enforcement.
Product overview
Kodo is an intake-to-pay and payments platform offering a unified suite of spend management solutions. The platform provides Accounts Payable Agent for invoice automation, Vendor Payments for flexible payout control, Corporate Cards for real-time expense management, and Reimbursements for policy enforcement. These core products are supported by platform features including Workflows (customizable approval workflows), Integrations (ERP connectivity with Zoho, Tally, Oracle, SAP, plus mailbox and WhatsApp communication), and Collaboration tools. The platform serves businesses of all sizes from startups to enterprise companies, combining the powerful controls of large systems with the agility of flexible solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Accounts Payable Agent Automates invoice processing to ensure speed and accuracy in accounts payable operations for businesses in India.
- Vendor Payments Automates vendor payouts with flexibility and control for businesses managing supplier payments.
- Corporate Cards Enables control of corporate expenses on-the-go with real-time limits and insights for business spending.
- Reimbursements Enables enforcement of limits and approvals per internal policies for employee expense reimbursements.
Quantifiable outcome
- 10,000+ seamless transactions monthly per customer
- +1 more outcomes
Companies that use Kodo
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Kodo technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability1 record
Feature7 records
Kodo partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- ZohocoreZoho integration enables seamless accounting synchronization with Kodo's spend management platform.
- TallycoreTally integration provides accounting synchronization for Indian businesses using Kodo's platform.
- OraclecoreOracle ERP integration enables enterprise businesses to sync financial data with Kodo's spend management system.
- SAPcoreSAP ERP integration allows enterprise customers to synchronize financial operations with Kodo's platform.
- Major Banks and Card IssuerscoreKodo supports major banks and card issuers enabling corporate card management and payment processing capabilities.
- Y-CombinatorcoreKodo participated in Y-Combinator's winter 2021 batch, gaining access to mentorship, network, and resources for growth acceleration.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Kodo competitors and assessment
Company assessmentDirect peers
- Happay: Indian expense management, corporate cards, and AP automation platform serving SMB through enterprise. Closest India-native horizontal competitor to Kodo.
- Brex: Canonical corporate card and spend management platform for startups and enterprises. Brex is also a seed investor in Kodo, making it both a comparable and a strategic stakeholder.
- Ramp: US-based corporate cards plus AP automation, vendor payments, and expense management. Closest direct product analogue to Kodo's full intake-to-pay bundle, though serving a US customer base.
- Airbase: Spend management platform combining corporate cards, AP automation, and approval workflows for mid-market companies. Direct competitor on product scope and workflow-driven approach.
- EnKash: India-based spend management and corporate card platform targeting SMBs and mid-market with payables and expense workflows. Direct India competitor on product positioning.
- Karbon Card: Indian corporate card and spend management startup focused on SMBs and startups, similar initial wedge to Kodo's startup segment with comparable YC-adjacent investor base.
- HighRadius: Enterprise AP automation and order-to-cash platform with deep ERP integration. Competes with Kodo in the mid-market and enterprise AP automation category, especially for finance-led buyers.
Broad incumbents
- Razorpay: India's largest payments aggregator with expanding spend management (RazorpayX) and corporate card offerings. Competes as a broader incumbent with cross-sell from payments into spend.
- SAP Concur: Global enterprise incumbent in expense management and AP automation, integrated with SAP ERP. Represents the large-system incumbent that Kodo explicitly positions against on agility.
Emerging players
- Zoho Expense: Expense management module within Zoho's SMB application suite and a current integration partner of Kodo. Adjacent competitor at the low end of the SMB market and potential ecosystem threat.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Kodo social profiles
Digital presenceKodo compliance and trust
Trust signalCompliance2 records
Kodo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kodo leadership team
Management profileNumber of profiles
Profiles2 records
Kodo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kodo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kodo
What does Kodo do?
Kodo provides a cloud-based intake-to-pay and payments platform for businesses in India, offering accounts payable automation, vendor payouts, corporate cards, and expense reimbursements on a unified workflow. The platform combines enterprise-grade controls with agile, short-implementation-cycle deployment, and integrates natively with leading ERP systems (Zoho, Tally, Oracle, SAP), mailbox, WhatsApp, and major banks and card issuers. It targets startups, mid-market, and enterprise companies seeking real-time spend visibility and policy enforcement.
Is Kodo a public or private company?
Kodo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kodo founded?
Kodo was founded in 2021. It employs 51 to 100 people.
Where is Kodo based?
Kodo is headquartered in Mumbai, India, in the Asia region.
How does Kodo make money?
One revenue line is on record: spend Management Platform Subscription.
Who are Kodo's main competitors?
Direct peers on record are Happay, Brex, Ramp, Airbase, EnKash, Karbon Card and HighRadius. Broad incumbents are Razorpay and SAP Concur. Zoho Expense is listed as an emerging player.
Does Kodo have an API?
No public API is recorded for Kodo.
What industry is Kodo in?
Kodo's product category is Spend Management Software. Its primary akta.pro industry code is BPAAAGAA, Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments), with a secondary code of HDAEAHAL, Compliance, GRC Workflow & Audit Automation Platforms. Its NAICS code is 541512 and its SIC code is 7372.