Jojonomic pulls in $1.5m to take the misery out of expenses

Expenses management app Jojonomic has raised $1.5m in a round led by Maloekoe Ventures.

Investment also came from Golden Gate Ventures, Fenox VC and East Ventures.

The Singapore-based company was founded by former Groupon CEO Indrasto Budisantoso and was initially a personal finance management app before shifting to focus on a B2B SaaS offering.

The company offers a platform for companies to manage employee reimbursement, as well as an app that gamifies expenses management for employees.

Jojonomic say the capital will be used to increase its footprint around South-East Asia and introduce new features.

Copyright ? 2016 FINTECH GLOBAL

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