Rydoo has bought Semine, a Norwegian company that automates accounts payable, which is a big step toward making the world’s most advanced spend management platform. This partnership brings together Rydoo’s expertise in managing expenses with Semine’s AI technology, which automates 85% of accounting tasks and gives real-time insights.
Why this is important:
For many years, Rydoo has made expense management easier for more than a million users.
However, real change in how companies spend money needs to bring together different systems—especially employee expenses and accounts payable. By combining these, Rydoo wants to remove inefficiencies, improve compliance, and give finance teams better tools and insights.
What customers can expect:
- A single view of all company spending
- AI that checks policies and manages workflows automatically
- Easy connections to ERP systems
- Real-time data for better decisions
Semine will keep running as it always has for current customers, but will also get more features and support as part of Rydoo.
The new combined solution is built to grow, help finance teams around the world, and adapt to changing needs.
Rydoo’s CEO is happy about the shared vision, saying, “We’re not just making finance easier—we’re changing it.
With Semine, we’re building a smarter future for how companies manage their spending. ”
This comes after Rydoo expanded into the U.
S. , reached over €20 million in annual recurring revenue, and got major investment from Eurazeo, helping it grow globally.
Now, Rydoo and Semine are one team with one goal: to make finance faster, smarter, and more strategic.
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