UAE’s expense management startup Qashio nets $10m
Qashio, a UAE-based expense management platform, has collected $10m in its seed funding round to support its growth into the Kingdom of Saudi Arabia.
Brightside nets $33m to boost employee financial care
Brightside, a financial care platform for employers, has closed its Series B funding round on $33m, as it looks to enhance its AI-powered solution.
Atlar nets $5m to automate business banking
Atlar, a Sweden-based FinTech automating business banking, has raised $5m in seed funding led by Index Ventures.
Corporate spend management startup Mendel secures $60m
Mendel, a Mexico-based B2B corporate spend management company, has raised $60m in equity and debt financing.
Voya Financial to acquire Benefitfocus to improve employee wellbeing
Voya Financial, a health, wealth and investment company, is to acquire Benefitfocus, a cloud-based benefits administration technology company that serves employers, health plans and brokers.
Broadstone and Workstars team up to support employee morale
Broadstone, an independent pensions, employee benefits, and investments consultancy, has partnered with SaaS platform Workstars.
Pasito bags $3.25m to simplify employee benefits
Pasito, an employee benefits tech startup, has raised $3.25m in seed funding to simplify health and wealth benefits.
All Gravy closes seed for its app that boosts employee happiness
All Gravy, which helps bolster their employee happiness, has closed its seed round on €3,2m.
CloudPay bags $50m for global payroll and payment services
CloudPay, global payment solution provider, has raised $50m in funding and reports strong demand for cloud-based integrated global payroll and payment services.
Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
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