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Yokoy raises USD80m in Series B round led by Sequoia Capital

Yokoy Group, a European all-in-one enterprise spend management platform, has raised USD80 million in a Series B funding round led by Sequoia Capital.

Speedinvest, Visionaries Club and Zinal Growth, existing investors Balderton Capital, Six FinTech Ventures, Left Lane, Swisscom Ventures and well-known business angels also participated in the round. 

Powered by machine learning developed in Yokoy’s own cutting-edge AI research lab, the platform automates spend management using artificial intelligence. It combines expense management, supplier invoice management and corporate credit cards into one single intuitive tool, underpinned by the most up-to-date security. 

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