MobileXpense, a Brussels, Belgium-based software company specialized in travel and expense management, raised €20m in funding.
Fortino Capital made the investment from its new Digital Growth Fund. As a majority shareholder, the PE firm will assist the MobileXpense management to further expand internationally and grow in the medium to large corporate segment by increasing its sales and marketing efforts and by enriching the product portfolio.
Founded in 2000 by Xavier Deleval and Patrick Billiet, MobileXpense provides cloud based travel and expense management software to international customers in various sectors, including Fortune 500 companies, beverage companies, Engie, UCB, Porsche).
Its management tools, which completed more than 1.300 implementations worldwide, integrate with all major ERP systems, travel booking tools, and credit card issuers.