Mynt provides a credit-based spend management solution that automates expense tracking and integrates directly with various accounting systems, allowing businesses to manage their expenditures efficiently. The platform addresses the challenges of manual expense reporting and reconciliation by automatically matching receipts to transactions, streamlining financial operations for high-growth SMBs.
Funding
$23.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VCFounders
Product
Problem
Many businesses face challenges with manual expense reporting, inefficient tracking of expenditures, and difficulties in reconciling receipts with transactions, leading to errors and wasted time. Traditional methods lack automation, making it difficult for high-growth SMBs to maintain accurate financial records and control spending.
Solution
Mynt offers a spend management platform that automates expense tracking and provides seamless integration with various accounting systems. The platform provides Visa Platinum business cards, both physical and virtual, with individual spending limits for each employee. Mynt streamlines financial operations by automatically matching receipts to transactions, offering a mobile app for on-the-go expense management, and providing analysis tools for better insights into spending patterns. The platform also offers a flexible credit solution and integrates with Apple Pay and Google Pay for convenient and secure transactions.
Target Audience
Mynt is designed for SMBs across various industries, including tech, construction, accounting firms, and retail e-commerce, seeking to streamline their expense management processes and gain better control over company spending.
Features
- Visa Platinum business cards (physical and virtual) with customizable spending limits
- Automated receipt matching using smart receipt technology
- Mobile app for capturing receipts and managing expenses on the go
- Real-time transaction monitoring and reporting
- Direct integrations with leading accounting systems like Fortnox, Visma eEkonomi and P:E Accounting, with SIE and CSV export options for other systems
- Flexible credit solutions with up to 5M SEK credit limit and automatic repayment options
- Support for Apple Pay and Google Pay
- Analysis tools for spend analysis and identifying cost-saving opportunities
- Option for tailored discounts and cashback for Enterprise customers spending over 1 million SEK per month