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Spendesk partners with Adyen to accelerate SMB innovation with embedded payments and financial services 

Adyen’s UK banking licence and international footprint will strengthen Spendesk’s offer in core markets and support global growth 

Adyen, the financial technology platform of choice for leading businesses, has today announced its long-term strategic partnership with Spendesk, the complete spend management platform for medium-sized businesses. The partnership will support innovation in embedded financial services, as Spendesk continues to accelerate bringing products to market in 2025, and Adyen continues to build its suite of embedded financial products, including business bank accounts and card issuing. 

Spendesk offers a comprehensive spend management solution that enables finance teams to automate workflows and gain full visibility and control over company spending. Providing essential tools like virtual and physical cards, expense management, and a new procurement solution, Spendesk also allows businesses to work with their existing accounting and financial software via its APIs and native integrations. 

Scaling rapidly, Spendesk chose Adyen for its full stack Banking-as-a-Service (BaaS)  coverage across multiple key markets, which eliminates complex multi-provider set-ups. With Adyen’s UK banking licence, this partnership empowers Spendesk to maintain full control over the payment experience, provide its UK customers with the card customisation they need, and embed financial products beyond payments going forward.


As a company focused on providing finance teams with greater control, visibility, and automation, Spendesk sees a significant opportunity to enhance their payments solution by refining spend management workflows for SMB users. Enhancements include:

Spendesk needed a partner that could safeguard against financial crimes. With Adyen’s banking licences in the UK, US and EU, the company is highly regulated and can ensure Spendesk is continuously compliant within the countries it operates in and plans to expand to. 

“Trust and accountability are critical in our industry, and to achieve our global ambitions we need a partner who supports our growth with shared values,” said Stéphane Dehaies, CEO of Spendesk Financial Services. “Adyen’s technology, geographical footprint, and commitment to innovation are helping us reach our goals as we navigate regulatory requirements and shifting customer needs. We chose Adyen because their approach aligns perfectly with our forward-thinking mentality and commitment to delivering best-in-class payment solutions and customer experiences. We share the same cultural DNA and together our fast-paced, transparent, and passionate approach to improving customer experience makes this partnership an incredible fit.”

“Helping grow businesses like Spendesk is at the core of what we do. Our customers’ needs drive our product development and it is great to see Spendesk capitalising on our market coverage and single card issuing solution,” said Hemmo Bosscher, SVP Platforms and Financial Services at Adyen. “Looking ahead, we are excited to help Spendesk fully seize the embedded finance opportunity as they scale their operations globally. As market leaders in BaaS and spend management respectively, this partnership drives real innovation for SMBs, a market category whose financial needs are often left unmet by traditional providers.”

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