Spendesk taps Adyen to offer embedded payment services to SMBs

By Gloria Methri

FinTech Adyen has announced its long-term strategic partnership with Spendesk, the spend management platform for medium-sized businesses. The partnership will support innovation in embedded financial services as Spendesk accelerates bringing products to market in 2025.

Spendesk offers a comprehensive spend management solution that enables finance teams to automate workflows and gain complete visibility and control over company spending. Providing essential tools like virtual and physical cards, expense management, and a new procurement solution, it also allows businesses to work with their existing accounting and financial software via its APIs and native integrations.

Scaling rapidly, the company chose Adyen for its full-stack Banking-as-a-Service (BaaS) coverage across multiple key markets, which eliminates complex multi-provider setups. With Adyen’s UK banking licence, this partnership empowers Spendesk to maintain complete control over the payment experience, provide its UK customers with the card customisation they need, and embed financial products beyond payments from now on.

Spendesk sees a significant opportunity to enhance its payment solution by refining spend management workflows for SMB users.

Stéphane Dehaies, CEO of Spendesk Financial Services, said, “Adyen’s technology, geographical footprint, and commitment to innovation are helping us reach our goals as we navigate regulatory requirements and shifting customer needs. We chose Adyen because their approach aligns perfectly with our forward-thinking mentality and commitment to delivering best-in-class payment solutions and customer experiences. We share the same cultural DNA, and together, our fast-paced, transparent, and passionate approach to improving customer experience makes this partnership an incredible fit.”

“Helping grow businesses like Spendesk is at the core of what we do. Our customers’ needs drive our product development, and it is great to see Spendesk capitalising on our market coverage and single card issuing solution,” said Hemmo Bosscher, SVP of Platforms and Financial Services at Adyen. “Looking ahead, we are excited to help Spendesk fully seize the embedded finance opportunity as they scale their operations globally.”