Frequently Asked Questions
Here are some frequently asked questions to help you understand Spenmo more

Commonly Asked Questions
What is Spenmo?
- 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
Why are people switching to Spenmo?
- 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
Who can use Spenmo?
Anyone! Start-ups and SMEs are our main focus.
What are the benefits of using Spenmo?
- 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
How much does it cost?
Please refer to our pricing page for more details
Is this a credit card?
- 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!)
How do I apply?
- Simple - leave your email address on our home-page or drop a note to contactus@spenmo.com
Where can it be used?
- Spenmo cards can be used at millions of merchants across 210 countries where Mastercard is accepted
Product
How does it help control, manage budget and forecast more accurately?
- 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
How does it help you save time?
- 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
Companies
How do I apply?
- Simple - leave your email address on our home-page or drop a note to contactus@spenmo.com
Is every employee entitled to one card?
- Yes every employee will be given a personal Spenmo card!
How does funding work?
- Top up funds that you would like to spend via a bank transfer; we aim to offer credit lines in the near future
What details must I provide?
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Company: ACRA Form
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Employee: Employee NRIC / Passport
Do we have control over the cards given out?
- Absolutely, as admin, you will have an option to activate / deactivate a specific card, modify limits, all with a click of a button.
Pricing Fees
How much does it cost?
- Please refer to our pricing page for more details
What are the foreign exchange fees payable?
- Flat 1.5%, we charge you at cost as charged to us by our network.