With their Pre-Seed funding of $451K, Spendkey helps companies amplify their spending visibility
May 12, 2023
Introducing Spendkey, the world's first trustworthy spend analytics platform founded by seasoned transformation consultants Alex Grundy and Akshay Bhanawat. With their Pre-Seed funding of $451K led by Fuel Ventures and Scalebridge Capital, Spendkey helps companies amplify their spend visibility, sharpen control, and improve earnings growth through data-driven decisions. The platform's unique UBRE® methodology, used by the co-founders for years, automates the process of adding hundreds of millions to the bottom line.
Spendkey's Spend.ai ingests data from existing ERP systems and secondary data from the web, auto-mapping transactions to the correct category of spend using Artificial Intelligence and Machine Learning. This significantly reduces human effort and increases overall accuracy, giving users unified, enriched data. With Spend Clarity Cloud, dynamic dashboards create visual, customized insights, transforming the user's ability to control, influence, and drive efficiencies. Spendkey's strengths lie in empowering data-driven decisions, rapidly improving areas like savings and discounts, risk and resiliency, audit and fraud, trustworthy data, cash management, and data transformation. Unlock hidden insights with Spendkey and make the right decisions for your business.