Yokoy Revenue and Competitors

The spending management software you wished you've known earlier. The Swiss FinTech company Yokoy enables companies to automate their expense and credit card processes using artificial intelligence. The entire process from the photo to the correct booking and payment to the employees is thus possible in a few clicks. Yokoy goes further than traditional tools as it automates the relevant processes for everyone - employees, manager and the finance team. The Zurich-based company was founded in 2019 under the name Expense Robot by Devis Lussi, Lars Mangelsdorf, Melanie Gabriel, Philippe Sahli and Thomas Inhelder. Today the company already has over 150 customers, including companies such as Stadler Rail, Swissquote, Hero and Planzer. In March 2020, Yokoy announced a first round of financing of CHF 1.7 million led by Swisscom Ventures and SIX Group, with the participation of Myke Näf, founder of Doodle. The company name was changed from Expense Robot to Yokoy at the same time as the free Yokoy Business Mastercard was launched in August 2020. In October 2020, the acquisition of the competitor product FlowExpense was announced, which gave additional momentum to the growth. At the end of November of the same year, Yokoy started its expansion into the DACH market by opening a branch office in Vienna.