Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk. Spendesk, Europe’s leading spend management and procurement solution, leverages this combined technology to enable its medium-sized business customers to monitor budgets, customise spend controls, and boost efficiency.

Spendesk is the leading spend management and procurement platform that transforms company spending. By simplifying procurement, payment cards, expense management, invoice processing, and accounting automation, its single, AI-powered solution makes efficient spending easy for employees and gives finance leaders the full visibility and control they need. Spendesk’s financial offerings are enabled by Spendesk Financial Services, offering real-time card processing, secure transactions, and spend controls (in collaboration with Marqeta), alongside expense management and a new procure-to-pay solution. Additionally, it seamlessly integrates with existing accounting and financial software through its APIs and native integrations.

“Expense management and procurement solutions are vital for medium-sized businesses looking to increase financial control, achieve consistent growth, and improve cash flow,” said Stephane Dehaies, CEO of Spendesk Financial Services. “Marqeta’s open API platform is the perfect fit for our business, and will support us as we continue to lead the industry with innovative, end-to-end spend management solutions, providing businesses with greater visibility and control, even as they scale.”

"In our work with Spendesk, we’re helping businesses take the hassle out of expense management and assist SMBs in accessing better financial tools for their business,” said Marcin Glogowski, SVP and Managing Director, Europe, and UK CEO at Marqeta. "Marqeta’s platform makes it simple for employees to make safe, policy-friendly purchases while keeping spending aligned with company goals. We’re a trusted ally for them, seamlessly embedded into Spendesk’s systems to help their customers scale, ultimately simplifying their spend management at a time of added competitive pressures.”

Through Marqeta's flexible, all-in-one platform, Spendesk Financial Services has easily integrated Marqeta’s card processing services into its Core Banking Platform, providing its customers with both physical and virtual cards that can be tailored to each business's needs. This integration enhances Spendesk’s complex B2B spend management by providing dynamic spend controls that efficiently and securely screen and authorise expenses in real time. Thanks to Marqeta’s platform, managers at companies using Spendesk can restrict card usage to specific times and spending categories, flagging any unusual transactions and allowing them to immediately approve or deny a transaction if necessary, resulting in significantly less friction.