Swiss fintech firm Yokoy has opened a brand new workplace in Vienna, Austria to serve the DACH market with its expense resolution. Reportedly, they’ve already signed on their Austrian clients.
Yokoy makes use of synthetic intelligence to completely digitalise and automate corporations’ expense and company bank card processes. The fintech startup is supported by the traders Swisscom Ventures and SIX Group.
In October 2020, Yokoy had introduced the acquisition of its competitor product FlowExpense which is an expense administration instrument from the Zug-based consulting firm Innflow AG. Yokoy already counts over 150 well-known international corporations equivalent to Stadler Rail and Swissquote amongst its clients.
Vienna because the gateway to Europe
When requested why Vienna was the primary workplace exterior of Switzerland to be opened, Melanie Gabriel, co-founder and CMO of Yokoy, solutions:
“Our goal is to serve the DACH but also the pan-European market with our solution. By developing customer-specific features, we can meet all national and global requirements. The Austrian market is characterised by a unique central geographical location. This makes it possible to establish an initial base close to Switzerland and thus acts as a hub for expansion into other European markets”.
Following its enlargement to Vienna, Stephan Hebenstreit joins the Swiss administration staff as managing director of Yokoy in Austria.
Lately Stephan Hebenstreit has been intensively concerned within the matters of digitalisation, innovation and automation. In these areas he was capable of achieve the mandatory expertise as a co-founder of FREYGEIST light-weight e-bikes, as an impartial guide, and most just lately at PwC within the space of ‘Digital and Innovation’.
Yokoy mentioned that their sturdy progress in Switzerland has proven them the necessity for his or her resolution in different nations and that they are going to begin their enlargement plan with the workplace in Vienna.