Fortino Capital’s portfolio company Mobilexpense launches new app and announces new CEO
Six months after the 20 million euro investment by Fortino Capital, the Brussels software company Mobilexpense is upping its game. It has released a new app SpendCatcher and introduces its upgraded solution for travel and expense management. To secure this sustainable growth, Pieter Geeraerts joins Mobilexpense as the new CEO.
Mobilexpense is one of the very first Belgian SaaS (Software as a Service) companies and serves renowned multinational companies such as Bridgestone, UCB and Burger King. The core strength of its services is the intelligent integration of specific country and company regulations and policies in the solutions . This guarantee of compliance differentiates the Belgian SaaS-provider from other international players and is one of the main reasons for its success today. In December 2017, Fortino Capital invested 20 million euros to further develop the products and services and help Mobilexpense to grow its business and optimize its solutions.
Mobilexpense has launched a new mobile app SpendCatcher which “reads” receipts and automatically creates an expense in the Mobilexpense system, allowing users to smoothly manage their expenses on the go and in a few clicks. It will also introduce a completely revamped web version of its solution, upgrading the user experience and comfort.
This growth of Mobilexpense also entails a change in leadership. Pieter Geeraerts becomes the new CEO, replacing co-founder Xavier Deleval as head of the company. Deleval will stay involved as product specialist and as a board member. Matthias Vandepitte, Partner at Fortino Capital, says they are eager to work with the the new CEO: “We firmly believe that MobileXpense has the capacity to become an even bigger player as many large corporates still rely on pen and paper or Excel sheets to process employee expenses. Pieter Geeraert’s sector knowledge and commercial skills will be pivotal to realize this growth story.”
Pieter Geeraerts about the new solutions and the future of Mobilexpense: “MobileXpense is a fast growing customer-centric company with a great solution, addressing not only the financial aspects of travel and expense management but also compliance, data privacy, end user experience and more. I am excited to join the company at such a pivotal moment with the launch of the new solution, which will be the cornerstone for the continued growth of MobileXpense and an even higher customer satisfaction.”
Pieter Geeraerts has a proven track record in managing growth with a focus on large enterprise customers. In his most recent jobs, he has realised significant growth for Basware in the enterprise software sector as country manager for Benelux & France. Most recently, Pieter has been active in the payments sector, optimising the sales organisation and processes at Worldline, first as head of Sales for Benelux and later on at a global level as head of Global Bid Management & Strategic Deals.