Yokoy is an all-in-one fintech platform that uses artificial intelligence to automate enterprise spend management. The latest round of funding raised $80 million. This includes money from the local venture fund Speedinvest and Bitpanda CEO Eric (Demuth) – around 20 percent come from the DACH region, CEO Philippe (Sahli), who you see above, tells me. The fintech, founded in Switzerland in 2019, has had an office in Vienna since autumn 2020, which is managed by Stephan (Hebenstreit). Vienna is a strategic hub from which business in the East is also managed. “Especially for the collective agreements, which are so prominent in our country, no competitor was previously prepared,” says Philippe. What does he wish for?
“My biggest wish is more talent on the job market.”
I hear that from almost every CEO. Good luck with searching!
Well-known customers
You probably also know some of Yokoy’s customers: Bitpanda, Verbund AG, BDO Austria, Do&Co AG, GoStudent or KTM AG. The fintech has over 500 customers, is growing by 400 percent annually and wants to double its number of employees to 300 this year (every employee is also a co-owner, by the way).