Rydoo NV

Founded in 2011 and based in Belgium, Rydoo NV, formerly known as Xpenditure, operates as a provider of software-as-a-service and mobile-based expense and travel management solutions for its clients in various business industries. The company was rebranded as Rydoo NV in May 2018 from former startup businesses Xpenditure, iAlbatros, and Sodexo. In June 2024, Eurazeo acquired a majority stake in Rydoo NV from Marlin Equity Partners. The firm, as of July 2024, is led by its CEO, Sebastien Marchon.

Rydoo specializes in expense reporting and management platforms. Its services include a mobile expense app, virtual and physical corporate cards, and advanced features such as AI-powered receipt scanning, automated expense approvals, and credit card reconciliation. Rydoo's platform allows businesses to capture, approve, and control expenses in real time, enhancing efficiency and compliance. The system integrates with over 35 travel, HR, finance, and ERP tools, offering seamless synchronization and comprehensive visibility into spending patterns.

Rydoo's Smart Audit feature utilizes artificial intelligence to detect and flag non-compliant expenses, further simplifying the audit process. The company generates revenue by offering its SaaS platform under different subscription plans such as Essential plan at EUR 8 per user per month, Pro plan at EUR 10 per user per month, etc. The June 2024 acquisition will enhance Rydoo NV's software solutions and support its organic growth.