Kodo Analysis: $9M Raised
What is Kodo?
Kodo is a Mumbai-based spend management company that consolidates procurement, accounts payable, corporate cards, reimbursements, and vendor payments. Its website describes an intake-to-pay platform serving startups, mid-market firms, and enterprises across finance workflows. The company says more than 2,000 customers use Kodo, and it has achieved ISO/IEC 27001:2022 certification according to its blog.
Location
1108, 11th Floor, One Lodha Place, Mumbai, Maharashtra 400013, India
Employees
51-200
Founded
2019
Revenue
$6-6.7M
Business Model
Subscription-based revenue model with transaction fees for spend management services.
Product Features & Capabilities
- Purchase Request, Purchase Order, Invoices (AP), Vendor Payments, Corporate Cards, Reimbursements, Dynamic Workflows, Robust Integrations, Seamless Collaboration
How much Kodo raised
1 - $8.75 million
May 2021Lead Investor: Brex, Goat Capital, Pioneer Fund, Y Combinator
Who are the founders of Kodo
DS
Deepti Sanghi
Founder
GT
Gaurav Thapa
Co-Founder, CTO
Market Focus
Kodo primarily focuses on the spend management industry, providing solutions such as procure-to-pay, corporate cards, accounts payable automation, and vendor payouts to help businesses manage their finances efficiently.
Investors
- Y Combinator
- Leonis Investment
- Brex
- Goat Capital
- [3 other investors not specified]
Competitors Overview
Kodo operates in the spend management market, where its main competitors include:
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Pleo: Pleo offers businesses the ability to set custom spending limits, track expenses in real-time, and manage employee cards from a centralized dashboard. Its advantages include automated expense reporting and a user-friendly interface that enhances visibility and control over spending.
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Ramp: Ramp provides an all-in-one platform that allows companies to make payments, issue cards, manage vendors, and automate bookkeeping. Its notable features include real-time alerts for out-of-policy transactions and advanced analytics to maximize financial productivity.
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Coupa: Coupa is known for its AI-native total spend management platform, which provides real-time visibility into all types of spending. Its strengths lie in process efficiency, supply chain visibility, and comprehensive analytics that help organizations optimize their procurement strategies.
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Volopay: Volopay focuses on expense management with features like multi-currency support and integration with accounting software. Its advantages include faster reimbursement processes and enhanced visibility into spending, which helps businesses streamline financial operations.
These competitors differ in their specific features and strengths, with Kodo emphasizing its next-generation solutions for comprehensive spend management.
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