SPENDIT
- Company typePrivate
- Founded2014
- HeadquartersMunich, Germany
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
SPENDIT firmographics
Firmographics- Name
- SPENDIT
- Legal name
- SPENDIT AG
- Website
- https://spendit.de
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
SPENDIT industry classification
Industry- Product category
- Employee Benefits Software
- NAICS
- Payroll Services (541214), Office Administrative Services (5611)
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Expense Management & Reimbursements Administration (BPACAIAH)
- akta.pro secondary industries
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN)
Keywords
Where SPENDIT is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
SPENDIT business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- B2B SaaS Subscription - Per Employee: Subscription-based pricing model where companies pay per employee for access to the benefit platform and selected benefit modules (SpenditCard, Lunchit, Mobility, Wellbeing). Revenue is recurring based on employee count.
- SpenditCard Transaction Fees: Revenue generated from card transactions when employees use the SpenditCard at merchants. Part of the transaction fee ecosystem with Visa and Solaris.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Lunchit - Tax-free meal subsidy up to €7.67/day (from 2026) |
| Subscription | Monthly | SpenditCard - Tax-free benefit up to €780/year |
| Subscription | Monthly | Wellbeing - Up to 50% cheaper than direct gym membership |
| Subscription | Monthly | Mobility - Deutschlandticket Job |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
SPENDIT product offering
Product offeringCore offering
SPENDIT AG provides a digital employee benefits platform that enables German and Austrian employers to deliver tax-optimized (Sachbezug) benefits to their workforce. Its core offerings include the SpenditCard (Visa prepaid card combining up to €780/year in tax-free benefits), Lunchit (digital meal vouchers up to €7.67/day), Mobility (Deutschlandticket Job for public transport subsidies), and Wellbeing (corporate fitness and mental health). The platform is administered through the Spendit Portal for employers and a myBenefits mobile app for employees, with full payroll system integration.
Product overview
Spendit offers a multi-benefit platform for digital employee benefits, consisting of a unified admin portal and mobile app that delivers multiple benefit products. The core portfolio includes Lunchit (digital meal vouchers), SpenditCard (tax-optimized prepaid card with multiple benefit types), Mobility (Deutschlandticket Job for public transport), Wellbeing (fitness and wellness benefits), and bKV (corporate health insurance). Additional offerings include Deals (employee discounts), Hardware Leasing, and the central Spendit Portal for administration. The platform emphasizes tax optimization, digital-first delivery, and integration with employer payroll systems. The SpenditCard is issued jointly by Solaris SE and Visa, while the platform serves over 11,000 customers and 230,000 employees across Germany and Austria.
Differentiator
Problem solved
Functional benefit
Brands
- SpenditCard: Digital prepaid credit card for tax-optimized employee benefits - the smart benefit card with various modules for Sachbezug (benefit allowance)
- Lunchit
- Wellbeing
- Mobility
- Deals
- bKV (Betriebliche Krankenversicherung)
Products and services
- SpenditCard
Quantifiable outcome
- 230,000+ employees covered by Spendit benefit programs
- +3 more outcomes
Companies that use SPENDIT
Customer profileNamed customers20 records
Segments4 records
Ideal customer profiles3 records
SPENDIT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability2 records
Feature6 records
SPENDIT partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Solaris SEcoreBanking partner issuing the SpenditCard prepaid Visa card. Solaris SE provides the banking infrastructure, card processing, and compliance for the digital prepaid card. SpenditCard is issued by Solaris SE and Visa.
- VisacorePayment network partner for the SpenditCard. Enables worldwide acceptance at all Visa merchants. Joint issuance of the SpenditCard with Solaris SE.
- Concentrix Germany GmbHminorSales appointment scheduling support for product demonstrations. Concentrix handles lead qualification and demo call coordination under GDPR data processing agreement.
- Corplife GmbHcoreCo-development partner for Betriebliche Krankenversicherung (bKV) workplace health insurance. Salesforce integration for joint lead management. Shared data processing under Art. 26 GDPR joint controllership.
- Wolters KluwercoreReseller partnership for Lunchit app distribution to mid-sized German companies. Wolters Kluwer offers Spendit's meal voucher solution as part of their HR software portfolio.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
SPENDIT competitors and assessment
Company assessmentBroad incumbents
- HiBob: Global HRIS platform targeting mid-market employers. Represents a potential ecosystem partner or acquirer as benefits become a more integrated part of the core HR stack.
- Personio: Munich-based HR operating system for SMEs and mid-market. Broad HRIS competitor — could integrate benefits natively or partner with Spendit to extend its module portfolio.
Direct peers
- Swile: French employee benefits unicorn offering a multi-benefit card combining meal vouchers, gift cards and mobility. Closest pure-play SaaS comparison to Spendit's full-stack card model, and a likely DACH expansion competitor.
- Edenred: Global leader in employee benefits and meal vouchers (Ticket Restaurant, Ticket Mobilité). Directly comparable to Spendit's Lunchit and SpenditCard offerings and competes head-to-head across DACH.
- Pluxee (formerly Sodexo Benefits & Rewards): Spun off from Sodexo in 2024 to focus on employee benefits and engagement. Competes directly with Spendit in the meal voucher, gift and mobility benefit categories across European markets.
Emerging players
- Pleo: European corporate card and expense management fintech. Competes with Spendit's SpenditCard for corporate wallet share and operates across multiple European markets with greater scale.
- Circula: Berlin-based expense management and corporate card platform for German SMEs. Competes for the same HR/finance buyer persona in Germany with adjacent rather than overlapping functionality.
- Kenjo: Berlin-based HR software for SMBs with benefits administration features. Adjacent competitor in the German mid-market HR-tech space with similar ICP to Spendit's mid-market segment.
Regional players
- Up (formerly Up Spain/WYG): Iberian employee benefits and meal voucher provider. Operates the same prepaid-card-plus-app model as Spendit, but in Spain and Portugal rather than DACH — a comparable regional peer rather than direct competitor.
- HRworks: German HR outsourcing and payroll services provider. Comparable German mid-market HR buyer base and increasingly bundles benefit-adjacent services — a regional incumbent rather than direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SPENDIT social profiles
Digital presenceSPENDIT compliance and trust
Trust signalCompliance7 records
SPENDIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
SPENDIT leadership team
Management profileNumber of profiles
Profiles7 records
SPENDIT funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SPENDIT 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 SPENDIT
What does SPENDIT do?
SPENDIT AG provides a digital employee benefits platform that enables German and Austrian employers to deliver tax-optimized (Sachbezug) benefits to their workforce. Its core offerings include the SpenditCard (Visa prepaid card combining up to €780/year in tax-free benefits), Lunchit (digital meal vouchers up to €7.67/day), Mobility (Deutschlandticket Job for public transport subsidies), and Wellbeing (corporate fitness and mental health). The platform is administered through the Spendit Portal for employers and a myBenefits mobile app for employees, with full payroll system integration.
Is SPENDIT a public or private company?
SPENDIT is a private company. It is classified as venture growth investor backed and is currently operating.
When was SPENDIT founded?
SPENDIT was founded in 2014. It employs 51 to 100 people.
Where is SPENDIT based?
SPENDIT is headquartered in Munich, Germany, in the Europe region.
How does SPENDIT make money?
Two revenue lines are on record. B2B SaaS Subscription - Per Employee is the primary driver. The others are spenditCard Transaction Fees.
Who are SPENDIT's main competitors?
Broad incumbents on record are HiBob and Personio. Direct peers are Swile, Edenred and Pluxee (formerly Sodexo Benefits & Rewards). Emerging players are Pleo, Circula and Kenjo. Regional players are Up (formerly Up Spain/WYG) and HRworks.
Does SPENDIT have an API?
No public API is recorded for SPENDIT.
What industry is SPENDIT in?
SPENDIT's product category is Employee Benefits Software. Its primary akta.pro industry code is BPACAIAH, Expense Management & Reimbursements Administration, with a secondary code of HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA). Its NAICS code is 541214 and its SIC code is 8744.