Overview

Rydoo is an AI-powered expense management platform founded in 2011 as Xpenditure in Mechelen, Belgium by Boris Bogaert, Lorenz Bogaert, and Wim Derkinderen. Acquired by Sodexo in 2017, Marlin Equity Partners took majority stake in September 2021. Rydoo acquired Semine AS (AI AP automation) in 2024 and serves 1+ million users across 4 continents.

Highlights

European heritage: Belgian founding, strong European compliance expertise
Ownership evolution: Sodexo (2017), Marlin Equity majority (September 2021)
AI and SaaS foundation: OCR receipt scanning, real-time expense capture
Multi-currency/multi-language: Built for multinational operations
Smart corporate cards: Integrated card program with expense management
Semine acquisition: AI AP automation capabilities (2024)
“Less admin. More impact” philosophy: User-first design for employee adoption
Use cases: Expense reporting, per diem management, mileage tracking, corporate cards for European companies

Founded

2011 as Xpenditure in Mechelen, Belgium. Founded by Boris Bogaert, Lorenz Bogaert, Wim Derkinderen.

Headquarters

Mechelen (Antwerp region), Belgium.

Ownership and funding

Acquired by Sodexo (2017). Marlin Equity Partners took majority stake (September 2021). Acquired Semine AS (2024).

Core technology

AI & SaaS-driven expense management with OCR receipt scanning. Multi-currency/multi-language with strong European compliance focus. Smart corporate cards.

Market position

High-growth companies and multinationals; 1M+ users across 4 continents.

Product philosophy

“Less admin. More impact”, user-first design for employee adoption.