Spenmo FAQ

Many companies struggle to keep track of their expenses due to manual processes that only monitor expenditure post-spend
Lack of control and visibility leads to overspending, fraud and violation of regulations, not forgetting that these processes are time consuming and limit productivity
Spenmo is a spend management platform with corporate cards offering tailored solutions to help companies have control and visibility over their expenditure

Provides a corporate card solution to companies unserved by banks
Easy onboarding where we offer a simple online application
One-stop shop integrated software suite that makes spend control, expense management, accounting, and budgeting easy

Anyone! Start-ups and SMEs are our main focus.

Control: You’ll be able to set rules and budget for spending at your company, team and even employee level; research shows that this tactic can provide up to 30% cost savings
Visibility: Real-time analytics of company’s spending; always know where your money is going and what it is being used for
Hassle-free: No more reimbursements, paper receipts and manual reconciliations; research shows that this can help save between 30 mins - 2 hours per employee per month

Please refer to our pricing page for more details

For a start, your Spenmo cards will operate like a debit card - you transfer money that you plan to spend as a company and allocate it to your teams & employees
Once we have a good view of your spending for 3-6 months, we can look to offer a line of credit (coming soon!)

Simple - leave your email address on our home-page or drop a note to contactus@spenmo.com

Spenmo cards can be used at millions of merchants across 210 countries where Mastercard is accepted

We provide real-time tracking of your employees’ spending that will deter fraudulent spending
Real-time analytics will give you a current overview of your company’s spending habits, which can help pinpoint and tackle high expense areas so you never overspend again.
You will be allowed to set different budgets for different departments
You can set personalized spending policies and transaction limits for each employee

After spending, an employee needs only to snap a photo of the receipt and we will handle everything else. We will chase for a missing receipt and we’ll let you know if any receipts do not tally.
No more reimbursement after spending
Automated linkage between expense and back end; all spend data on your company cards gets updated instantaneously on your dashboard

Simple - leave your email address on our home-page or drop a note to contactus@spenmo.com

Top up funds that you would like to spend via a bank transfer; we aim to offer credit lines in the near future

Absolutely, as admin, you will have an option to activate / deactivate a specific card, modify limits, all with a click of a button.

Frequently Asked Questions