Overview
Rydoo's origins trace to Xpenditure, an expense management startup founded by Lorenz Bogaert, Boris Bogaert, and Koen Christiaens in Mechelen in 2011, alongside iAlbatros, a business travel management tool. In 2018, Sodexo combined the two products into Rydoo, operating as a "corp-up" joint venture that gave Sodexo digital expense management capabilities for its corporate services portfolio.
The platform automates expense flows from receipt capture (via mobile OCR and AI) through approval workflows to ERP integration and reimbursement, handling multi-currency and multi-entity expense reporting at scale. With approximately 150 employees and offices in Mechelen, Manila, and Lisbon, Rydoo serves enterprise clients across Europe.
Co-founder Lorenz Bogaert later founded Cashfeed, applying similar SME Fintech principles to the e-invoicing market. Rydoo competes with Expensify, SAP Concur, and Spendesk in the travel and expense management category.
Media & appearances
- BlackBird Business EventsYouTubeBlackBird Podcast aflevering 54: Lorenz BogaertExpense management software company Bogaert was involved in founding and exited.
Stated facts & numbers
Funding & milestones
3 events found for Rydoo · 2015–2024
Series AVenture / equity1 sourceUSD 5.7M
Reported amount USD 5,700,000
Rydoo predecessor Xpenditure raised financing.
InvestorsBart SwansonLorenz BogaertToon CoppensJonas DhaenensAcquisition1 sourceAmount not disclosed
Company press release confirms Marlin Equity Partners becoming its majority shareholder; financial terms are not disclosed.
ParticipantsMarlin Equity PartnersAcquisition1 sourceAmount not disclosed
Eurazeo announced acquisition of a majority stake; Marlin reinvested. The press release does not disclose monetary terms.
ParticipantsEurazeoMarlin Equity Partners
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Leadership & org chart
In the news
- Four years ago, Katrijn joined Rydoo to onboard customers. Today she is one of our sales engineers. Katrijn Op de Beeck started as a junior onboarding manager. It was her first job out of school. Three years in, the work started to feel comfortable. She knew she wanted a new challenge, she just wasn't sure what it looked like. Then Julien, our VP of Sales, stopped her in the office and asked why she hadn't applied for the sales engineer role. "I was not necessarily thinking of switching to sales at all." She went for it. Three years
- Last week we mapped the five European e-invoicing frameworks. This is the follow-up we promised: what happens after you meet every deadline. A group can pick the right accredited platform in France, implement Peppol correctly in Belgium, and choose a compliant exchange route in Germany. Made separately, those three right decisions still produce duplicate integrations, several providers, inconsistent invoice statuses, and separate exception processes across AR, AP, and employee spend. The calendar is what makes it hard to
- One e-invoicing mandate is a project. For multi-entity companies, European e-invoicing is an operating model. That gap is what our next webinar is about. Jop Dominicus, Co-Founder of tax technology firm Revo, and Yousra El Galaï el Galai, Finance Product Expert Lead at Rydoo, are going through where multi-entity e-invoicing rollouts actually break down: between countries, between systems, and between the teams and intermediaries handling each one. You'll leave with this webinar with: → A clear view of where cross-country rollouts
- The software that matters over the next few years will be the one that shows up inside the tools people already live in - governed, trusted, one click away - instead of demanding its own real estate on the screen." Leading the charge, Rydoo CEO Sebastien Marchon shares how AI is not only a part of our culture, but a huge part of our growing product base. So much so that Rydoo just arrived in the tools you open every day. Find out more about how to manage your expenses in Claude, ChatGPT and any other MCP-compatible tool here:
- Do you know which of your European entities are already in scope for e-invoicing? As an example, France's mandate went live on 1 September, joining Italy, Belgium and Poland. Germany phases in issuance from 2027. For a group with entities across various European markets, that means several frameworks running at once, each with its own scope rules, formats and dates. Handled locally as individual entity-based projects, your group loses a single view of the process. E-invoicing Expert and Co-Founder of Revo, Jop Dominicus, teamed up
- Don't you just love events when the conversations are more honest than you expect? Last week, Daniel Keat, Rydoo's Director of International Expansion, panelled a roundtable titled 'The Bionic CFO' at the World Finance Forum in London. The question on the table was whether AI and automation are actually making finance teams more efficient. The room's answer? Not automatically. Several people described the same pattern, where employees spend so long checking and validating AI output that it creates a second job rather
- There are thousands of tools out there: travel platforms, HR systems, ERPs, accounting tools, corporate cards, the list goes on. Some platforms try to bundle it all into one package. Great in theory, but when one tool tries to do everything, it usually falls short somewhere. We took a different route. We focus on expenses, and we connect to everything else you already use. In this next installment of the Spotlight Series, Rydoo's Finance Product Expert Lead, Yousra El Galaï, follows a new joiner from her first day to her first
- Introducing the Rydoo MCP. All you have to do is ask. It connects Rydoo to Claude, ChatGPT, Copilot, and any MCP-compatible AI assistant your team already works in. Employees can ask which expenses are still missing a receipt, or why one came back rejected. Approvers can ask what's waiting on them, then approve or reject right there in the chat. Finance can ask for a spend summary by project or trip, and check which company cards are active. Rydoo is still the system you operate in. You can just do so without leaving your
Open roles
- Product ExpertAntwerp, Flanders, Belgium · Sep 7, 2026
- Customer Success Manager (German Speaker)Antwerp, Flanders, Belgium · Aug 20, 2026
Alumni 3 went on to found or lead
Boris BogaertCOO & Board Member→Co-founder, Investor & General Partner Pitchdrive at Pitchdrive
Lorenz BogaertCo-Founder→Co-Founder and CEO at StarApps
Koen ChristiaensChief Product Officer→Founding Partner at Pitchdrive
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