Marqeta has partnered with Spendesk Financial Services (SFS) to provide better expense management for over 4,000 small and medium-sized businesses (SMBs) across Europe. SFS, a payment institution owned by Spendesk, will use Marqeta as its issuer processor to provide businesses with better control over company spending. Here’s everything you need to know about:
What Spendesk Offers and the Value of This Partnership
Spendesk offers an AI-powered spend management and procurement platform. It helps companies manage budgets, expenses, and payments all in one place. However, with this partnership, Spendesk customers will have access to Marqeta’s real-time card processing and spending controls. This is expected to allow businesses to monitor expenses more effectively. Additionally, the integration will enable connections with accounting and financial software through APIs.
Expense management solutions are critical for SMBs looking to improve financial control and cash flow. Marqeta’s open API platform supports our mission to provide end-to-end spend management solutions with greater visibility and control.
Stephane Dehaies, CEO of Spendesk Financial Services
On the other hand, Marqeta’s platform allows businesses to issue both physical and virtual cards tailored to their needs. Companies using Spendesk can set specific spending limits, restrict card usage to certain times or categories, and flag unusual transactions in real time. Which is particularly helpful as it reduces manual expense tracking and provides better oversight.
Our collaboration with Spendesk helps businesses simplify expense management and gain access to better financial tools. Our platform makes it easier for employees to make secure purchases while keeping company spending aligned with financial goals.
Marcin Glogowski, SVP and Managing Director, Europe and UK CEO at Marqeta
