Yokoy
Startup · Zurich, Switzerland
Yokoy is a Zurich-based AI-powered spend management platform founded in 2019 by Lars Mangelsdorf, Philippe Sahli, and Michael Fehr. The company automates expense reports, invoice processing, and corporate card management using machine learning, reducing manual finance workflows for mid-market and enterprise clients. Yokoy raised a Series B of CHF 80 million in 2022 led by Sequoia Capital, one of the largest Swiss fintech funding rounds of that year, and has since expanded across DACH, the UK, and the Netherlands. The platform integrates with major ERP systems including SAP and Oracle and is used by companies including DocMorris and Montana. Yokoy competes with Concur and Payhawk in the European spend management category.
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