Spenmo YC Application

Summer 2020Active

Spenmo went through Y Combinator in the Summer 2020 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2020
Industry: FintechBanking and Exchange
Team size: 200
Status: Active
Launched: 2020

Founders

Mohandass KalaichelvanFounder
Isaq Ahmed MuktharFounder

What Spenmo does

Founded in June 2019 and based in Singapore, Spenmo is building the only software you need as a business to manage payables. From bill payment, corporate card, local and international transfer, to employee’s expense claim, Spenmo helps companies streamline their AP processes with our technology. Before Spenmo, AP staff were drowned in manual work and struggled to reconcile all their spending on time. Not anymore. Thousands of businesses are now using Spenmo to payout their AP, track and categorize spend, and close their books on auto-pilot in 90% less time. On average, finance teams who use Spenmo save over 50 hours and $10,000 every month.

Spenmo's YC application, reconstructed

Y Combinator application

Spenmo, Summer 2020 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Spenmo

Describe what your company does in 50 characters or less.

Spend management software for businesses

What is your company going to make? Please describe your product and what it does or will do.

We make software that helps businesses manage all their accounts payable in one place. Our product handles bill payments, corporate cards, local and international transfers, and employee expense claims. It gives finance teams visibility into their spend and automates reconciliation and bookkeeping, saving them time and effort.

Where do you live now, and where would the company be based after YC?

We live in Singapore, and the company is based here. We'll continue to be based in Singapore after YC.

Explain your decision regarding location.

Singapore is the financial center and home to many businesses that struggle with payables. It's also where we have local presence and knowledge. This lets us build strong relationships and handle local payment complexities more easily.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Spenmo YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Spenmo's public data (launch notes, founder backgrounds, product description). It shows how a company like Spenmo would present itself to YC, not the text they submitted.