Mobilexpense acquired by Visma
Mobilexpense acquired by Visma
Visma has acquired Mobilexpense, a pan-European provider of automated expense and spend management solutions to companies of all sizes, from Fortino Capital.
Headquartered in Brussels, Belgium, Mobilexpense’s platform integrates into CFO workflows and automates complex financial processes, helping customers increase efficiency and maintain regulatory compliance.
“Mobilexpense is a great addition to the Visma family, perfectly complementing our existing HR and payroll offerings to business customers in Europe. We look forward to combining our collective strength to further accelerate growth and innovation in expense management solutions”, says Merete Hverven, CEO of Visma.
“We’re excited to join Visma and become part of a group with such a strong commitment to innovation and customer focus. At Mobilexpense, we have always aimed to simplify expense management and empower businesses across Europe. Partnering with Visma will allow us to bring even more value to our customers, driving efficiency and regulatory compliance on a broader scale. We look forward to the journey ahead as we integrate our expertise and continue setting new standards in the expense management space”, says Thibaud De Keyzer, CEO of Mobilexpense.
Among the selling shareholders is Fortino Capital, which has been the lead investor in Mobilexpense for the past seven years.
“It has been a pleasure to work with the Mobilexpense team and see the company develop and grow its presence to over 100 countries. We believe that the partnership with Visma represents a unique opportunity to integrate the innovative expense management solution of Mobilexpense into the broader Office-of-the-CFO and HR suite of Visma, to simplify expense management for companies of all sizes”, adds Steven De Troyer, Partner at Fortino Capital.
Three segments
Mobilexpense serves more than 2,000 customers through expense and spend management products which are tailored to the needs of specific segments. MXP is for enterprises and large multinationals, Declaree covers mid-sized companies, while Expense targets smaller businesses.
The easy-to-use platform and corporate card offering gives companies full control of their business expenses, combined with fast and accurate reporting and reimbursements to keep employees happy. Mobilexpense customers span various industries, such as industrial sectors and consumer goods, with a strong presence in Belgium, the Netherlands, Germany, and Sweden.
Following the acquisition by Visma, Mobilexpense will continue to operate as an independent company under the same name and management team.
“This acquisition marks a pivotal moment for Mobilexpense, allowing us to leverage the strengths and full support of the Visma family to challenge old approaches and approach new challenges in expense management. With Visma’s resources and expertise behind us, we’re poised to drive strategic transformation for our customers across Europe,” says De Keyzer.
