MobileXpense

MobileXpense provides automated expense management solutions that simplify expense reporting and reimbursement processes for businesses of all sizes, enhancing financial compliance and operational efficiency. Founded in 2000, MobileXpense is headquartered in Brussels, Belgium, and specializes in expense management solutions. The company has engaged in two funding rounds, with a recent investment of EUR 20. 00 mn led by Fortino Capital.

On November 21, 2024, MobileXpense was acquired by Visma Group Holding AS, facilitating further growth in the expense management sector. Thibaud De Keyzer and Tine Vandenbreeden serve as the CEOs of the company. MobileXpense specializes in providing automated expense management solutions designed to streamline the processes of expense reporting and reimbursement for businesses. The core offerings include the Declaree and MXP products, which leverage advanced technologies such as Optical Character Recognition (OCR) to allow employees to submit expenses quickly via mobile devices.

These solutions cater to a diverse clientele, ranging from small businesses to large enterprises across various sectors, facilitating expense control, travel management, and compliance with financial regulations. By simplifying manual tasks like data entry and receipt sorting, MobileXpense enables organizations to gain deeper insights into their spending habits, set daily allowances, and identify cost-saving opportunities. The company serves clients in multiple geographic markets, including Western Europe, where it adheres to local regulatory requirements. In the most recent fiscal year (2022), MobileXpense reported a revenue of EUR 15,430,446.

30 and an EBITDA of EUR 2,400,592. 90. The company’s revenue model is based on subscription services that provide clients access to its suite of expense management tools, which bolster demand among more than 3,000 organizations globally. Looking forward, MobileXpense aims to leverage its recent acquisition by Visma to expand its offerings in expense management solutions.

The company is focusing on launching new products tailored to evolving client needs and is targeting entry into additional markets across Europe by mid-2025. The investment received in November 2024 will be utilized to accelerate these initiatives and enhance technological capabilities.