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Virgin Cash has introduced a brand new fintech partnership with Expend, including an Expense Administration service to its new enterprise banking proposition.
The financial institution’s providing to enterprise present account prospects is being remodeled with its improved digital-first proposition, that may supply providers – comparable to Expend – to assist prospects run their companies efficiently.
Expend has designed its service to be a one-stop store to empower SMEs and workers to submit and handle their bills. This protects companies time, boosts effectivity and will increase transparency in its enterprise spending course of.
Primarily based in London, the fintech launched in 2015 and has 20 workers. The platform has been designed to be fully scalable and has a variety of options for all small companies, in various phases of the enterprise lifecycle.
Graeme Sands, Interim Head of Enterprise Banking at Virgin Cash, mentioned: “Expend presents a service that we all know will present actual worth to our prospects. Companies need to have the ability to do duties faster and extra successfully – and this expense administration service is strictly the sort of assist a lot of them want. Not solely will it resolve a core enterprise ache level, however it’ll additionally enrich the information they’ve, giving an correct view of their expenditure.
“Working with our fintech companions is taking part in an important function in reworking our enterprise financial institution. Now we have a brand new market-leading present account for SMEs, M Account for Enterprise, and there’s a lot extra to come back in 2022. We’re actually happy with the work we’re doing with our fintech companions, serving to us to assist our prospects run their companies in one of the simplest ways.”
Johnny Vowles, founder and CEO of Expend, mentioned: “This partnership with Virgin Cash is an actual assertion of our intent to carry highly effective spend and expense administration instruments into the palms of small and medium companies. Being part of this revolutionary undertaking with Virgin Cash is the proper means for us to additional our mission to really automate advanced processes for companies to assist maximise their money and time financial savings.
Expend goals to assist to shut the hole between banking and accounting by simplifying issues for companies, serving to firms to raised perceive their monetary place, subsequently enabling them to behave upon that data effectively.
Traditionally bills have been arduous and boring. As a cutting-edge Fintech, Expend is altering that with our drive to enhance prospects’ experiences with our monetary merchandise. By working carefully with Virgin Cash, we’ll be accelerating that course of.”
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