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§ Private Profile · Zürich, Zurich, Switzerland
Yokoy is a technology company.
Yokoy provides an intelligent spend management platform that leverages artificial intelligence to automate corporate financial processes. Its core product streamlines and digitizes expense claims, invoice processing, and corporate credit card reconciliation. By applying AI, the platform offers businesses enhanced transparency and granular control over all company expenditures, aiming to reduce manual effort and improve financial efficiency.
The company was founded in 2019 by Lars Mangelsdorf, Devis Lussi, Thomas Inhelder, Melanie Gabriel, and Philippe Sahli. The co-founders identified an opportunity to modernize traditional spend management through the application of advanced AI technologies. Their collective insight centered on the belief that artificial intelligence could fundamentally transform the accuracy and speed of financial operations for businesses.
Yokoy serves midsize and enterprise companies across various sectors, enabling them to gain better oversight of their spending. The company's long-term vision is to deliver a fully automated and integrated spend management ecosystem, freeing up finance teams from routine tasks to focus on strategic initiatives. It aims to empower organizations with data-driven insights and streamlined workflows, fostering greater financial agility and control.
Yokoy has raised $108.0M across 3 funding rounds.
Yokoy has raised $108.0M in total across 3 funding rounds.
Yokoy has raised $108.0M across 3 funding rounds. Most recently, it raised $80.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $80M Series B | Sequoia Capital | 2XN, Andreessen Horowitz, Goodwater Capital, Left Lane Capital, OWL Ventures, Visionaries Club, Philip Ginthoer, Balderton Capital, SIX Fintech Ventures, TOM Filip Lesche, Swisscom Ventures, Guillaume Pousaz | Announced |
| Oct 1, 2021 | $26M Series A | Left Lane Capital | 2XN, Goodwater Capital, OWL Ventures, Philip Ginthoer, Balderton Capital | Announced |
| Mar 1, 2020 | $2M Seed | SIX Group, Alexander Schlaepfer | Acton Capital Partners, Blossom Capital, EQT Ventures, Tomahawk.vc, Übermorgen Ventures, Nicole Herzog, Gian Reto À Porta, Myke NAF | Announced |
Yokoy has raised $108.0M in total across 3 funding rounds.
Yokoy's investors include Sequoia Capital, 2xN, Andreessen Horowitz, Goodwater Capital, Left Lane Capital, Owl Ventures, Visionaries Club, Philip Ginthoer, Balderton Capital, SIX Fintech Ventures, Tom Filip Lesche, Swisscom Ventures.
Yokoy is a Swiss FinTech company that builds an AI-powered platform to automate corporate spend management, including expenses, supplier invoices, credit cards, and payments.[1][2][3] It serves mid-sized to large enterprises worldwide, solving manual processing inefficiencies by capturing data from receipts, detecting fraud, ensuring policy compliance, and integrating with ERP systems like SAP, Oracle NetSuite, and Microsoft for end-to-end automation and spend insights.[2][4][6] With over 500 customers like Stadler Rail, On Running, and BDO, Yokoy raised $107.8M total funding, including an $80M Series B led by Sequoia, before its acquisition by TravelPerk in a $200M round that valued TravelPerk at $2.7B.[1][3]
Founded in 2019 in Zürich, Switzerland, by five founders aiming to simplify expense management, Yokoy started as Expense Robot with an AI-enhanced tool for automating company spending.[1][5] Early traction came quickly: it secured CHF 1.7M ($1.8M) in seed funding co-led by Swisscom and SIX, won over 500 customers within two years, and expanded its platform in June 2021 to cover full spend management.[1][3] Pivotal moments included a Munich office opening, Dutch market entry, and the $80M Series B in 2022, fueling growth to 200+ employees before TravelPerk's acquisition.[1][3][5]
Yokoy rides the FinTech wave of AI automation in corporate finance, addressing rising demands for efficiency amid remote work, global expansion, and regulatory complexity.[1][2][6] Its timing aligns with post-pandemic spend visibility needs and the shift to cloud-based ERP, enabling mid-market firms to compete with enterprises via scalable tools.[2][3] By consolidating fragmented processes, Yokoy influences the ecosystem through integrations that enhance platforms like TravelPerk, accelerating adoption of intelligent spend management and setting standards for AI compliance in Europe and beyond.[3][4]
Post-acquisition by TravelPerk, Yokoy's platform will likely deepen integration into travel-expense workflows, expanding its reach via TravelPerk's global customer base.[3] Trends like generative AI for predictive analytics and embedded finance will shape its evolution, potentially unlocking new revenue from cards and insights amid economic volatility.[2][6] As AI matures in FinTech, Yokoy could redefine spend control, evolving from standalone tool to core infrastructure in unified business platforms—cementing its role in automating the "entire corporate spend" as pioneered since 2019.[1][4]