Walder Wyss advises Swisscom Ventures on Investment in Expense Robot
24 April 2020 – The Swiss FinTech startup Expense Robot closed a seed investment round co-led by Swisscom Ventures and SIX Group. Expense Robot uses artificial intelligence to fully automate a company's expense- and business credit card processes, from the picture of a receipt all the way to the compliance checks, the finance booking, VAT input tax reclaim, archiving and reimbursement.
Walder Wyss advised Swisscom Ventures on the transaction. The team was led by Patrick W. Vogel (Partner, Banking and Corporate/M&A) and included André Kuhn (Managing Associate, Notary) and Laurent Schmidt (Senior Associate, Banking and Corporate/M&A).