When was SpendMend founded?

SpendMend was founded in 1993 and raised its 1st funding round 25 years after it was founded.

Where is SpendMend located?

SpendMend is headquartered in Grand Rapids, United States.

How many employees does SpendMend have?

As of Sep 30, 2026, the latest employee count at SpendMend is 258.

Is SpendMend a funded company?

SpendMend is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Jan 08, 2018.

How much is SpendMend worth?

The last known valuation of SpendMend was $***** as of Jan 08, 2018.

When was the latest funding round of SpendMend?

SpendMend's latest funding was a $***** Unattributed round on Sep 22, 2022, with participation from 2 investors. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $5.88B in funding in 2026 to date.

Where does SpendMend rank among its competitors?

SpendMend ranks 2nd amongst 14 active competitors, only 1 of which is funded., of which only SpendMend is funded and secured an undisclosed amount in Sep, 2022.

Who are the top competitors of SpendMend?

SpendMend's top competitors include APEX Analytix, GuardifyX and ATC Exalytics. Among them, SpendMend secured the most recent funding round in September, 2022.

SpendMend - 2026 Company Profile, Team, Funding & Competitors

SpendMend is an acquired company based in Grand Rapids (United States), founded in 1993. It operates as an Audit recovery and transaction management solutions for businesses. SpendMend has raised an undisclosed amount in funding from Morgan Stanley, with last known valuation of $*****. The company has 14 active competitors, including 1 funded and 3 that have exited. Its top competitors include companies like APEX Analytix, GuardifyX and ATC Exalytics.

Company Details

Audit recovery and transaction management solutions for businesses. It features solutions for accounts payable analysis, compliance, tax analysis, contract management, spend analysis, and more. It offers analysis & insights and helps in managing financial leakages. It provides the audit for accounts payable audit statements, vendor statements, and data analytics algorithm to find out the irregularities in the account statements.

Website: spendmend.com
Social
Email ID: *****@spendmend.com
Phone Number: +1 **********

Key Metrics

Founded Year

1993

Location

Grand Rapids, United States

Stage

Acquired

Latest Funding Round

Unattributed, Sep 22, 2022, $*****

Last Known Valuation

$***** as on Jan 08, 2018

Investors

Morgan Stanley & 4 more

Ranked

2^nd among 14 active competitors

Employee Count

258 as on Sep 30, 2026

Investment & Acquisitions

Rebate Insight & 3 more

Similar Companies

APEX Analytix & 18 more

Exit Details

Acquired by Sheridan (Jan 08, 2018)

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SpendMend got acquired by Sheridan on Jan 08, 2018.

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SpendMend has raised funding over 4 rounds. Its first funding round was on Jan 08, 2018. Its latest funding round was a Unattributed round on Sep 22, 2022 for $*****. 2 investors participated in its latest round. SpendMend has 5 institutional investors.

Here is the list of recent funding rounds of SpendMend:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 22, 2022	1849131	Unattributed	1302268	1942913	8646940	1984158
Mar 02, 2022	6889202	Unattributed	4797013	1498519	3569143	6154421
Jan 08, 2018	9780099	PE	4790761	8782467	1844400	Fidus Investment

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SpendMend's employee count trend

SpendMend has 258 employees as of Sep 26. Here is SpendMend's employee count trend over the years:

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Top competitors of SpendMend include APEX Analytix, GuardifyX and ATC Exalytics. Here is the list of Top 10 competitors of SpendMend, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	APEX Analytix 1988, Greensboro (United States), Acquired	Audit management & supplier management solutions for businesses	$7M	Wakefield Group, Noro-Moseley Partners & 3 others	57/100
2nd	SpendMend 1993, Grand Rapids (United States), Acquired	Audit recovery and transaction management solutions for businesses	-	Morgan Stanley, Cadence Bank & 3 others	56/100
3rd	GuardifyX 2024, Tiruvannamalai (India), Seed	Platform providing automated solutions for accounts payable recovery and management	-	IIT BHU, I-DAPT Hub Foundation	26/100
4th	ATC Exalytics 2016, Richardson (United States), Unfunded	Recovery audit experts maximizing returns through innovative technology and data analytics	-	-	24/100
5th	S2M Profits 2010, St Albans (United Kingdom), Unfunded	Accounts payable audit and recovery solutions	-	-	23/100
6th	Auditshipment 2014, Newark (United States), Unfunded	Provider of AI-enabled automated shipping invoice audit and refund recovery services	-	-	22/100
7th	S-DNA 2008, Atlanta (United States), Unfunded	Recovery audit software for businesses	-	-	22/100
8th	Technology Insight 1999, Boston (United States), Acquired	Global leader providing cloud-based AP automation and Procure-to-Pay solutions	-	-	21/100
9th	MakeGood 2020, Newport (United States), Unfunded	Revenue recovery software for businesses	-	-	19/100
10th	Gold Prairie 2001, Chicago (United States), Deadpooled	SaaS-based continuous monitoring solution of accounts payable	$175K	-	17/100

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SpendMend has not made any investments yet. SpendMend has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 06, 2023	Acquisition	Rebate Insight	2018	Los Angeles (United States)
Aug 16, 2022	Acquisition	Trulla	2018	Draper (United States)
Aug 10, 2022	Acquisition	VIE Healthcare	1999	Wall Township (United States)