Stockholm-based spend management solution provider, Mynt, has partnered with Visa to address the growing demand for efficient spend management tools from small- to medium-sized businesses (SMBs).
Visa will invest in Mynt's Series B funding round and Mynt will become a reseller partner for Visa, allowing Visa to resell Mynt's software-as-a-service (SaaS) solutions directly to issuers.
Mynt's platform offers auto-reconciliation and integration into accounting software, providing spend insights and reducing administrative burdens for SMBs.
This partnership comes at a time when SMBs are facing increased financial pressure and is expected to bring market-leading propositions and service to SMBs across Europe.