Rydoo
By Rydoo
Rydoo is a leading expense management software company that provides a comprehensive solution for managing business travel and expenses. The platform is designed to streamline and automate the expense reporting process, making it easier for businesses to control and monitor employee spending.
Rydoo was founded in 2018 through the merger of two companies, Xpenditure and iAlbatros1. This merger combined Xpenditure’s expertise in expense management with iAlbatros’s capabilities in travel booking, creating a robust platform that addresses the entire travel and expense management process.
Rydoo has raised a total of $9.5 million in funding over three rounds. The most recent funding was a Series A round in October 2015, which raised $5.7 million. The company has attracted investments from notable investors, including Toon Coppens and Jonas Dhaenens. In 2024, Rydoo welcomed Marlin Equity Partners as a new majority shareholder.
Rydoo offers a range of features designed to simplify expense management:
Expense Management: Automated expense reporting, receipt scanning, and customizable approval workflows.
Travel Management: Integrated travel booking tools for flights, hotels, and car rentals.
Rydoo has made strategic acquisitions to enhance its product offerings. In March 2017, Rydoo acquired Albatros and Xpenditure. These acquisitions allowed Rydoo to expand its capabilities in both travel and expense management, providing a more comprehensive solution for its users.
Rydoo continuously updates its platform with new features to meet the evolving needs of its users. Recent updates include enhanced analytics tools, improved user interface, and additional integrations with third-party applications. These updates ensure that Rydoo remains at the forefront of expense management technology.
Rydoo prides itself on a company culture that values innovation, customer satisfaction, and employee well-being. The company promotes a collaborative work environment and encourages continuous learning and development among its employees. Rydoo’s values include transparency, integrity, and a commitment to providing exceptional service to its clients.
Rydoo serves a diverse user base, ranging from small businesses to large enterprises. The platform is used by companies in various industries, including finance, technology, and healthcare. Rydoo has built a strong community of users who benefit from its user-friendly interface, extensive features, and reliable customer support.
