To finance further growth, Xpenditure was looking for investors. “Sodexo gives us the chance to become a worldwide player in our business,” comments Boris Bogaert, founder of Xpenditure. Through Sodexo, the Flanders-based platform gains access to no fewer than 500,000 companies around the globe.
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Sodexo (France) acquires Xpenditure (Flanders)
As a result of the acquisition, Xpenditure will merge with iAlbatros (online business trip booking) and operate as a stand-alone entity under Sodexo. In addition, Xpenditure will be doubling its workforce from 50 to 100 employees.