Marqeta and Spendesk Financial Services have entered into a strategic partnership to redefine expense management in Europe.
Marqeta stands out as a global modern card issuing platform that empowers embedded finance solutions, offering unparalleled support to innovators worldwide. Meanwhile, Spendesk is Europe’s premier spend management and procurement solution, dedicated to transforming how companies handle their expenses through its AI-powered platform.
The core aim of this collaboration is to enhance the financial operational capabilities of medium-sized businesses across Europe. By integrating Marqeta’s robust card issuing and processing technology with Spendesk’s comprehensive spend management services, the partnership is set to deliver superior budget monitoring, customisable spend controls, and overall financial efficiency.
Delving deeper, Marqeta is renowned for its modern card issuing platform that facilitates seamless embedded finance solutions. This platform is particularly beneficial for businesses seeking to simplify purchases while ensuring adherence to spending policies. Spendesk, on the other hand, excels in spend management and procurement, offering a full suite of services that includes real-time card processing, secure transaction capabilities, and proactive spend controls.
The partnership extends beyond technology integration. It leverages Marqeta’s open API platform to enhance Spendesk’s offerings, allowing for real-time expense screening and customised card management. This integration provides Spendesk’s clients with both physical and virtual cards tailored to specific business needs, ensuring dynamic spend control and significant reductions in transaction friction.
Further supporting their collaborative effort, Marqeta and Spendesk have developed a system that seamlessly integrates with existing financial software, promoting an efficient and scalable financial ecosystem for businesses.
“Expense management and procurement solutions are vital for medium-sized businesses looking to increase financial control, achieve consistent growth, and improve cash flow,” Spendesk Financial Services CEO Stephane Dehaies said. “Marqeta’s open API platform is the perfect fit for our business, and will support us as we continue to lead the industry with innovative, end-to-end spend management solutions, providing businesses with greater visibility and control, even as they scale.”
“In our work with Spendesk, we’re helping businesses take the hassle out of expense management and assist SMBs in accessing better financial tools for their business,” Marqeta SVP and Managing Director, Europe, and UK CEO Marcin Glogowski said. “Marqeta’s platform makes it simple for employees to make safe, policy-friendly purchases while keeping spending aligned with company goals. We’re a trusted ally for them, seamlessly embedded into Spendesk’s systems to help their customers scale, ultimately simplifying their spend management at a time of added competitive pressures.”
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