Sweep offers an automated expense-tracking and travel management platform for small and medium-sized businesses, leveraging Open Banking for real-time transaction tracking and smart payment categorisation. The app automates financial reporting, policy checks and analysis, and claims to save up to 15 hours per month on data input and travel administration per employee while helping prevent expense fraud. Sweep launched its fully automated expense tracking product in 2018 and focuses on using automation to drive efficiency and productivity. In 2021 the company plans to roll out new features to its expense product and launch a travel management platform. Sweep says its customers are more focused on insight, visibility and control over spending following the disruption of 2020. The company reported hitting its 2020 funding target and raising around €1 million in investments and grants during the year.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2021