Spendit

What Spendit does

Spendit (스팬딧) is a Seoul-based B2B SaaS company providing an all-in-one expense, budget, and corporate-card management platform for Korean mid-to-large enterprises and SMEs. Founded in 2015 (per firmographic data) with the legal entity incorporated in 2017, the company is privately held and headquartered in Seongdong-gu, Seoul, serving a claimed base of 5,000+ Korean companies including Yanolja, Rebellions, T-order, OK Holdings, Babitalk, Spoon Radio, KB Credit Information, Brandi, Mesh Korea, and Focus Media Korea. The platform spans five core product surfaces — Spend Management, Budget (including the upcoming Budget 2.0 Beta launching December 2025), Account Payable, Vendor Management, and Corporate Card — unified by an Open API architecture.

Spendit's core technology combines AI-powered expense processing (OCR-driven receipt image recognition and an AI classification engine that determines business type, VAT, and input-tax-credit eligibility via HomeTax (홈택스) integration) with an EDI (Electronic Data Interchange) corporate-card data feed sourced directly from Hana Card (하나카드) and BC Card (BC카드). This EDI layer replaces web scraping with verified card-company data, materially improving accuracy on overseas payments and reconciliation. The platform integrates with SAP, SAP Business ByDesign, and Douzone Amaranth 10 (아마란스 10) ERPs, plus SSO, Slack, and HomeTax, with API documentation at docs.spendit.kr. Notable proprietary features include the standalone Budget module, a four-level budget hierarchy (관/항/목/세), real-time budget dashboards, multi-dimensional expense tagging, and automated vendor-payment workflows.

The business model is subscription-based SaaS sold primarily through a sales-led motion with website inquiry forms (Typeform-based '도입 문의') and dedicated account managers for enterprise onboarding. Pricing is not publicly disclosed but operates on an annual billing cadence with an Enterprise tier and an EDI service add-on priced at 10,000 KRW per month per additional legal entity beyond two included. Card-issuance partnerships with Hana Card and BC Card, plus discount-bundling alliances with Google, Microsoft, Adobe, Apple, Okta, Notion, and Hancom Office, function as distribution and retention levers. To date, Spendit has raised approximately $4.25M USD across two priced rounds — a 2020 Series A ($2.45M, Hana Ventures and Kolon Investment) and a 2021 Series B ($1.80M, Korea Investment Partners and Signite Partners) — and the company references experience "from Series A to KOSDAQ listing" on its team page.

Name

Spendit

Legal name

(주)스팬딧

Website

https://spendit.kr

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Spendit (스팬딧) is a Seoul-based B2B SaaS platform that provides AI-powered expense, budget, accounts payable, vendor management, and corporate-card solutions to over 5,000 Korean mid-to-large enterprises and SMEs via direct sales and EDI card-company partnerships with Hana Card and BC Card.

Ownership category

akta.pro rank

Product category

Enterprise Expense Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Expense Management & Employee Reimbursements (FSAGAJAE)

akta.pro secondary industry

Corporate Cards & Spend Controls (FSAGAJAF)

Keywords

• Enterprise expense management
• Corporate card services
• Budget management platform
• AI receipt automation
• ERP integration software

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Infrastructure

Revenue model

1. SaaS 구독료 (SaaS Subscription): Spendit operates on a subscription-based SaaS model with tiered pricing. The platform offers Enterprise tier as the primary offering, with EDI (Electronic Data Interchange) corporate card data service available for Enterprise+ tier or as an additional separate contract. Pricing includes discounts based on card payment commitment amounts for annual contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Spendit (스팬딧) is a B2B SaaS company that provides an all-in-one AI-powered enterprise expense management platform covering budgeting, corporate card management, spend management, accounts payable, vendor management, and AI-driven receipt processing for Korean enterprises. The platform integrates directly with Korean card companies (Hana Card, BC Card) via EDI for real-time transaction data and connects to major ERP systems (SAP, Douzone Amaranth 10) via Open API. Its AI engine performs automatic receipt recognition, VAT classification through HomeTax, and expense policy compliance checks, with mobile-first submission supporting field employees.

Product overview

스팬딧은 All-in-one 기업 비용 관리 플랫폼으로, 예산 관리, 지출 관리, 지급 관리, 거래처 관리, 법인카드 관리 등의 핵심 제품을 제공한다. 스팬딧 예산은 별도 도입 가능한 독립 솔루션으로, 기존 서비스 미사용 시에도 단독으로 사용할 수 있다. 지출 관리는 증빙자료 취합부터 ERP 연동까지 프로세스를 자동화하며, 지급/거래처 관리는 매입세금계산서와 인보이스를 통합 관리한다. 법인카드 서비스는 하나카드 및 BC카드와 제휴하여 EDI 방식의 카드 데이터 직연동을 지원한다. 스팬딧은 AI 기술을 활용한 경비처리 자동화와 재무회계 업무 자동화를 핵심 가치로 제공한다.

Differentiator

Problem solved

Functional benefit

Products and services

• Spendit Spend Management (스팬딧 지출 관리) The core Spendit expense management module for Korean enterprises, automating the entire expense process from receipt submission through approval to ERP integration. Features AI expense processing, automatic receipt collection, approval automation, and ERP integration, and is targeted at finance teams needing to replace manual data entry with auditable paperless workflows.
• Spendit Budget (스팬딧 예산) Standalone real-time budgeting solution for Korean enterprises that supports 4-level budget hierarchy (관/항/목/세) with monthly, quarterly, semi-annual, and annual views, plus auto/manual rollover and overspend control automation. Can be adopted independently without full platform subscription.
• Spendit Account Payable (스팬딧 지급 관리) Accounts payable management module that consolidates sales tax invoices, invoices (including overseas), advance and mid-term payments into a single spend management workflow. Features HomeTax integration for automatic tax invoice scraping and inquiry, reducing manual AP processing.
• Spendit Vendor Management (스팬딧 거래처 관리) Unified vendor management module that consolidates overseas vendor invoices, advance payments, and mid-term payments into a single spend view. Lets finance teams see vendor payable status at a glance and manage vendor relationships alongside expense records.
• Spendit Corporate Card (스팬딧 법인카드) Co-branded corporate card product issued in partnership with Hana Card and BC Card, providing employee corporate card management with direct EDI data reception from the card companies rather than scraping. Targeted at Korean enterprises seeking accurate card transaction data feeding into the Spendit expense platform.
• EDI Corporate Card Data Service (EDI 법인카드 데이터 서비스) EDI service that receives corporate card transaction and approval data directly from card companies, replacing scraping with primary-source reception for higher accuracy. Supports automatic card registration based on card-company accounts and automatic updates when card-company account information changes, with special accuracy benefits for overseas payments.

Quantifiable outcome

• Expense processing speed increased 2x
• +11 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core and minor.

• SAPcoreTechnology or IntegrationEnterprise ERP integration partner. Spendit integrates with SAP ERP systems using Open API technology for seamless data flow between Spendit expense management and SAP accounting systems.
• 더존 (Douzone)coreTechnology or IntegrationIntegration with Douzone Amaranth 10 (아마란스 10), a next-generation ERP system. Spendit has established verified partner ecosystem with extensive experience in Douzone Amaranth 10 implementations.
• SAP Business ByDesigncoreTechnology or IntegrationIntegration with SAP Business ByDesign cloud ERP. Focus Media Korea case study demonstrates successful implementation for enterprise customers.
• 하나카드 (Hana Card)coreChannel Partner/ Reseller/ DistributorStrategic partnership for co-branded corporate card issuance. Hana Card supports both online and easy payments. Special discount benefits for Spendit solution customers.
• BC카드 (BC Card)coreChannel Partner/ Reseller/ DistributorCorporate card issuance partnership. Offers BC and American Express corporate cards. BC Card charges standard monthly fees for service.
• Google (구글)minorGTM or Marketing PartnerExclusive software discount benefits for Spendit corporate card customers. Google Cloud collaboration services available at discounted rates.
• Microsoft (마이크로소프트)minorGTM or Marketing PartnerExclusive software discount benefits for Spendit corporate card customers. Microsoft 365 online subscription-based office programs available at discounted rates.
• Adobe (어도비)minorGTM or Marketing PartnerExclusive software discount benefits including Adobe cloud services and Adobe PDF creation tool solutions for Spendit corporate card customers.
• Apple (애플)minorGTM or Marketing PartnerHardware discount benefits for Spendit corporate card customers. Latest Apple hardware available at discounted rates for corporate purchases.
• OktaminorGTM or Marketing PartnerEnterprise identity and access management solution partner. Okta provides integrated identity management services for Spendit corporate card enterprise customers.
• NotionminorGTM or Marketing PartnerProductivity tool discount benefits for Spendit corporate card customers.
• 한컴오피스 (Hancom Office)minorGTM or Marketing PartnerKorean office productivity software discount benefits for Spendit corporate card customers.
• 딜로이트 안진회계법인 (Deloitte Anjin)minorImplementation/ SI/ Consulting PartnerAccounting consulting partnership providing corporate finance and accounting consulting advisory services to Spendit corporate card customers through Deloitte Anjin partnership.
• Willus (윌러스)minorImplementation/ SI/ Consulting PartnerOracle NetSuite implementation partner offering 10% discount on Oracle NetSuite product implementation fees for Spendit customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SAP Concur: Global leader in travel, expense, and invoice management with deep SAP ERP integration—the same ecosystem Spendit integrates with via its SAP and SAP Business ByDesign partnerships. Concur serves large enterprises globally, representing the dominant incumbent Spendit competes against for enterprise Korean accounts.
• Emburse: Combined entity of multiple expense management platforms (Abacus, Chrome River, Certify, etc.) offering expense, AP automation, and corporate cards globally. Emburse represents a broader incumbent with wider portfolio including spend management adjacent to Spendit's expanding AP and vendor management modules.
• Brex: US-headquartered corporate card and spend management platform combining cards, expense management, bill pay, and accounting automation. Closely parallels Spendit's strategic direction of bundling corporate cards (Hana/BC Card partnership) with expense and AP software, though at much larger scale and US-focused.
• Ramp: US corporate card and spend management platform offering cards, expense management, bill pay, and procurement in an integrated suite. Ramp's product strategy of moving from cards into broader spend management mirrors Spendit's Budget 2.0 and AP expansion direction.
• Toss: Korean fintech super-app with expanding business services including Toss Business payments and corporate expense-adjacent offerings. Represents the most credible domestic threat with massive Korean consumer reach and capital resources to enter B2B expense management.

Direct peers

• Rydoo: European-headquartered expense and spend management SaaS targeting mid-market and enterprise customers with similar mobile-first receipt capture and approval workflows. Closely comparable in G2M motion (enterprise SaaS subscription) and feature set, though Rydoo lacks the Korean card-EDI integration Spendit uses as a differentiator.
• Expensya: European expense management SaaS serving SMEs and mid-market with AI-powered receipt OCR, corporate card feeds, and ERP integrations—directly analogous to Spendit's core offering. Both companies share a horizontal SaaS approach to expense management with AI automation as the central value proposition.

Emerging players

• Airbase: US spend management platform combining corporate cards, AP automation, and expense management for mid-market companies. Comparable in building an integrated spend management suite, particularly relevant as Spendit expands into AP and vendor management.
• Pleo: European corporate card and expense management platform serving SMEs and mid-market, combining card-issuing with expense software. Comparable business model to Spendit's card-plus-software approach via Hana Card/BC Card partnerships.

Others

• Douzone: Korea's largest ERP vendor whose Amaranth 10 ERP platform is a core integration partner for Spendit. As both partner and potential competitor, Douzone could choose to bundle native expense management capabilities, threatening Spendit's ERP-adjacent position in the Korean enterprise market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@spendit
• Instagraminstagram.com/spendit_official

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spendit