Best Software for 2025 is now live!
Show rating breakdown
Save to My Lists
Claimed
Claimed

Top Rated Spenmo Alternatives

Spenmo Reviews & Product Details - Page 3

Spenmo Overview

What is Spenmo?

Spenmo is the go-to payments software for growing businesses. We are an end-to-end payables software that brings internal spend management, corporate cards, automated bill payments, approval workflows, and accounting reconciliation into an integrated view. Companies that use Spenmo save over 50 hours and $10,000 every month. Upon completing the Y-Combinator program in 2020, Spenmo has since grown to over 200 employees and raised over US$85M in venture capital from leading investors such as Y Combinator, Insight Partners, Addition, Salesforce, Global Founders' Capital and Alpha JWC.

Spenmo Details
Discussions
Spenmo Community
Languages Supported
English
Show LessShow More
Product Description

*Corporate and Virtual Cards -- Issue unlimited physical and virtual credit cards to your employees for secure local and international payments. Spenmo cards are equipped with security features such as real-time payment updates with quick detection of fraudulent activities and dubious transactions. With Spenmo, you can freeze and unfreeze cards with one click, block purchases from unauthorized vendors through our merchant lock feature, as well as customize the card limit of each team member. *Cheapest International Transfers -- Spenmo offers the cheapest and best FX rates, at 0% FX rate markup. We provide the rates that you see on Google. Never worry about burning FX charges when you’re paying overseas suppliers, remote workers, or international payroll. *Automated Local and International Transfers -- Reduce the time it takes to make your payments by 80% in 2 steps. Email your invoices to Spenmo or bulk upload them in your dashboard and our technology will be able to scan and extract the data required to automate the payout to your suppliers and vendors around the world. *Seamless Expense Claims -- You may also take advantage of Spenmo’s platform for seamless employee expense claims, which allows you to reimburse claims in 3 easy steps. Simply take a photo of your receipt or invoice, upload it, and have it approved via the approval workflow set by your company. *Convert Credit to Cash -- Utilise your company credit cards to their full potential with Spenmo. Upload funds to your dashboard using your credit card through Spenmo’s ‘Convert Credit to Cash’ feature. We support all major credit cards from Citibank, DBS, HSBC, OCBC, Standard Chartered, and UOB. *Payroll Management -- Empower your company and your employees with Spenmo’s free and confidential payroll system. With Spenmo’s payroll system, companies can process domestic and international payrolls for free. In addition, you can bulk upload employee salaries in a few clicks, regardless of what bank account they have. *Accounting Reconciliation -- Spenmo syncs with your existing accounting systems such as Xero Advanced Integration, Quickbooks, and more."

How do you position yourself against your competitors?

✅ NO hidden fees, or sign up fees
✅ Cheapest international transfers with 0% FX markup
✅ Real-time notifications, visibility and tracking of business spends
✅ Automated invoice payments
✅ Invoice approval workflows
✅ Instant access to unlimited virtual and physical corporate cards
✅ Seamless accounting automation and reconciliation
✅ Expense management software


Seller Details
Seller
Spenmo
Year Founded
2019
HQ Location
Singapore
LinkedIn® Page
www.linkedin.com
97 employees on LinkedIn®

Yun Fang T.
YT
Overview Provided by:

Recent Spenmo Reviews

Melinda S.
MS
Melinda S.Small-Business (50 or fewer emp.)
3.5 out of 5
"Not much use now"
easier to make payment to individual and paynow
ST
Sabrina T.Small-Business (50 or fewer emp.)
5.0 out of 5
"User friendly"
There is always someone available to address your questions. Be it the account manager or customer service team.
Paolo Alejandro A.
PA
Paolo Alejandro A.Small-Business (50 or fewer emp.)
5.0 out of 5
"SPENMO is the Best App for our Payment needs"
It's easy to manage funds using spenmo's wallets and virtual cards
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
0 people requested security information

Spenmo Media

Spenmo Demo - Building a magical payables experience for businesses
Homepage
Spenmo Demo - Get instant access to virtual and physical cards
Corporate Cards
Spenmo Demo - Enjoy seamless cross-border payments with the cheapest rates in the market
Bills Payments
Answer a few questions to help the Spenmo community
Have you used Spenmo before?
Yes

60 Spenmo Reviews

4.5 out of 5
The next elements are filters and will change the displayed results once they are selected.
Search reviews
Popular Mentions
The next elements are radio elements and sort the displayed results by the item selected and will update the results displayed.
Hide FiltersMore Filters
The next elements are filters and will change the displayed results once they are selected.
The next elements are filters and will change the displayed results once they are selected.
60 Spenmo Reviews
4.5 out of 5
60 Spenmo Reviews
4.5 out of 5

Overall Review Sentiment for SpenmoQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
Log In
Want to see more insights from verified reviewers?
Log in to view review sentiment.
G2 reviews are authentic and verified.
AD
O
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Spenmo?

the user interface is great, app runs smoothly (im using iphone) and when there's an error i really like how helpful the team is. appreciate their help very much! 👍🏼 Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

so far so good tbh, just one small thing, there's no direct customer service on the app so we have to contact them via email. but not a big problem tho, all good 👍🏼 Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

we're using spenmo for our monthly allowance (like to buy books etc), and spenmo makes it easier for all the employees. and since it's a virtual card, we can buy books online without having to go to a store. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Ease of general use, easily contactable customer support Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

Some websites - USA and SG gov website did not accept the spenmo card, have to make claims insteaf. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Spenmo intergation with Xero as my accounting books is Xero, but i have yet to integrate will be doing this in future. Review collected by and hosted on G2.com.

Eugene F.
EF
Finance Admin
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Simple UI to view, helpful support team that will answer your questions, easy to integrate with your current accounting software requires not much changes to work flow. Easy download of statements which allows checking between statements on Spenmo to our accounting software. The customer service team is very receptive to feedback and always gets a response regarding any issues we encountered. Command and control is easy as we are able to set a limit of how much each card can spend, and able to individually see each user has been spending on what expenses. Offer similar rewards as owning a physical card which makes having virtual cards very attractive. Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

Feature yet to be refined like a more powerful search engine like searching by vendor name or having simple macros to select dates easily like current month transactions or past months transactions. some fields are not implemented as of yet causing it to still be 10% manual when doing reconciliation into accounting software. There are times where transaction failed to sync however unable to view why unable to sync and after syncing a few times will be able to sync in. Review collected by and hosted on G2.com.

Recommendations to others considering Spenmo:

Just give it a go, simple to understand and use easy on users to use too. Something basic, frisk free with an excel for mass uploading of payment. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Mass payment via PayNow and easy reconciliation, virtual cards to segment different users for different usage. Ability to set limits and also setting account code to trigger and be recorded upon a transaction made. Easily accessible anywhere link a bank app as everything is online, paperless which save tree Review collected by and hosted on G2.com.

Verified User in Food & Beverages
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Love the support provided by the account manager. Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

Timeline for new features. Have been waiting for the support of apple wallet for sometime. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Control of budget and ease of reimbursements. It would be better if multiple payments could be approved and reimbursed in 1 single click. Review collected by and hosted on G2.com.

Neeraj P.
NP
Founder & CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Very easy to use. I was able to send an international money transfer in less than a minute. I will nevever use the traditional Bank Telegraphic Transfer again Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

- If only I could Top-up using credit card it will be too good. Also the time it takes for the international payment to reach is quite long. Should be next working day. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Spenmo has made it easier and cheaper to send payments anywhere.

The virtual cards allow the employees to enjoy all the benefits of credit card without any hassle Review collected by and hosted on G2.com.

Verified User in Consumer Goods
UC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

- Notified when payments have been disbursed

- Able to track expenses and categorise it based on various aspects

- Easier way of tracking claims in an organisation Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

- Having to close the photo album and reopen it again after every photo upload (unable to just link all photos)

- Not intuitive user interface

- Interface not easy to use Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Being able to easily track and take note of all expenses and request for claims immediately after the event happens, instead of just keeping it aside and causing the possibility of forgetting to upload a claim Review collected by and hosted on G2.com.

Oktario P.
OP
IT Operations
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

flexsibility processing and efectivity time flow systems Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

we cannot find for community service/system but different with demo test Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

please create a community (free edition) for service/systems product Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Quick support team response (at least acknowledgment of issues) Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

There are payment issues that arise that cause delays in our payment flow (partner issues), UI issues, certain limitations in terms of where Spenmo can send funds to. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

Payment monitoring and accounting, virtual cards for team members, and sending payments to suppliers, employees and contractors made easy. Review collected by and hosted on G2.com.

Malvin P.
MP
CRM & CRO Lead
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

My company used to use the old traditional way of reimbursement for benefits like self-development allowance, and it took quite some time to deal with the invoicing, etc. Now with Spenmo, we can do it effortlessly.

Really easy to use by the employees and really easy to check by the finance team! Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

What can be improved is having a reminder feature. For example, if we haven't used the balance, we can set a reminder for each specific date to be notified so we don't forget to use the monthly balance. Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

The trivial work of making invoices and submitting them. Sometimes I forget to do it and can't reimburse the benefit. With Spenmo I never missed the reimbursement. Review collected by and hosted on G2.com.

Hendry W.
HW
Digital Marketing Strategist
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Spenmo?

Spenmo is really easy to use! It's like having your own (virtual) corporate card in your smartphone and just connect it to all the payments that need to be done Review collected by and hosted on G2.com.

What do you dislike about Spenmo?

When I had my transtraction canceled and need to wait for almost 14 work days to get the refund back. I hope there is a faster way to refund the money so I can make another transaction soon Review collected by and hosted on G2.com.

Recommendations to others considering Spenmo:

Spenmo relly helps you to manage your company payouts Review collected by and hosted on G2.com.

What problems is Spenmo solving and how is that benefiting you?

My company gives us the budget to spend for self improvements things like books, courses, etc through Spenmo. This really helps me to devide the budget from my own money so I don't have to worry about spending more Review collected by and hosted on G2.com.