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 source$5.7M
Reported amount $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
- 83% of invoices processed without anyone touching them 📒 It’s achievable, and your AP team can get there too. Most finance teams still process only 30–40% of invoices without manual work. E-invoicing improves invoice data, but coding, matching and approvals often stay manual. So where does automation stall, and how do you get past it? Join Anthony Sofoeva and André Hellesvik for a 30-minute webinar on what it takes to move towards end-to-end AP automation. You’ll learn: • Why e-invoicing and legacy AP tools can fall short of
- On top of expense management, Rydoo now covers supplier invoices, with Rydoo Accounts Payable. Bringing two sides of of business spend under one name. AP automation, from invoice to intelligence: ✅ Every line of every invoice captured, whether it arrives as a PDF or an e-invoice ✅ Line-level spend data you can report on, benchmark and forecast with ✅ Account, dimensions and VAT coded automatically, so your team only reviews the exceptions ✅ Three-way matching of purchase orders, goods receipts and invoice lines ✅ AI that shows
- Scattered, embedded or scaled. Which one is your finance team? 🤔 Most are still in the first, and getting out of it has almost nothing to do with the technology. It has everything to do with the people who were never brought along. On 3 November I'm doing an interactive masterclass with Rydoo on what the next stage actually takes. You'll work on a process from your own team rather than a case study, and leave with one concrete action for the week after. 📅 November 3 · 10 AM ET / 4 PM CET · 60 minutes, free Save your spot:
- Keep one brand, keep both, or start again? In July 2025, we acquired a leading accounts payable solution called Semine. The two companies were close in size, so we treated it like a merger. As people, processes, tools, and more merged over the year that followed, we had a decision to make. Keeping both names may have eventually confused buyers. Keeping only Semine would have cost recognition in markets where Rydoo was better known. A new name would have risk losing recognition from 1M+ professionals. What we needed was a brand that
- First, we rebrand. Then, we celebrate! Last week, we launched the new Rydoo, and every hub took the celebrations very seriously 😎 From Lisbon to Oslo, Stockholm, Belgium, Warsaw and Atlanta, USA, our people celebrated all of the hard work our team have put in to deliver the new brand in every office! Swipe through to see how each hub marked the big moment! A new brand is, of course, very exciting. But, celebrating it with this wonderful team is even better. Want to join this team? See our open roles: https://lnkd.in/dW37Gkga
- Yesterday, we announced the new Rydoo. Today, our CEO explains why. A year ago, Rydoo acquired a leading accounts payable solution. Since then, two teams have learned new products, new processes and how to work as one. The new brand is what that year looks like from the outside. Two products, one umbrella name: Rydoo. And within it: Rydoo Expense, for expense management. Rydoo Accounts Payable, for supplier invoices. In his letter, Sebastien Marchon explains why we kept the Rydoo name, what it means for customers, and where we go
- Two sides of business spend. One (brand new) brand! Rydoo now brings intelligent automation and control to two important sides of business spend, with Rydoo Expense for employee expenses and Rydoo Accounts Payable for supplier invoices. Two specialised products from one company, and a new brand to reflect the performance we deliver to over one million professionals in 130+ countries worldwide, every single day. Explore the new Rydoo at www.rydoo.com Already using Rydoo Expense or Accounts Payable? Your trusted product stays the
- We won Gold for AI that solves real problems for business travellers and the teams who support them! Rydoo has been named Business Travel Partner of the Year (Payment or Expense Solution) at the Business Travel Awards Europe 2026, chosen from seven finalists. The judges praised Rydoo for applying AI to genuine business challenges in expense management, strengthening compliance while reducing manual work for global organisations. They highlighted our Smart Audit capabilities, which enable 100% of expense lines to be reviewed,
Open roles
- Head of Account ManagementAntwerp, Flanders, Belgium · Oct 29, 2026
- Solution Sales Engineer - Expense Management - DACH (German Speaker)Mechelen, Flanders, Belgium · Oct 20, 2026
- AI Transformation EngineerAntwerp, Flanders, Belgium · Oct 12, 2026
- Product ExpertAntwerp, Flanders, Belgium · Sep 7, 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
Related profiles
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