.
MergerLinks Header Logo

New Deal


Announced

Completed

Tiger Global led a $85m Series B round in Spenmo.

Financials

Edit Data
Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Private Equity

Cross Border

Minority

Acquisition

software development

Software

Private

Singapore

Single Bidder

Friendly

Completed

Venture Capital

Synopsis

Edit

Tiger Global, a New York-based investment firm, led a $85m Series B round in Spenmo, an all-in-one payables software that provides businesses the visibility, comfort, and control over how, when and why money is leaving the company, with participation from Insight Partners. "Finance and accounts payables in particular have always been thought of as back-office functions that don't deserve any attention - we think otherwise. We are excited to be building a magical payables experience that gives back 10bn man-hours annually to finance teams across the region," Mohandass Kalaichelvan, Spenmo CEO and Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US