Rydoo Acquires Semine To Boost AI-Powered Finance Automation

The move strengthens Rydoo’s mission to offer finance teams a fully integrated solution for managing spend processes.

Rydoo’s AI-powered platform helps businesses control employee expenses with automated workflows, real-time policy checks, and instant insights—reducing manual work and improving compliance. Today, over 1 million users rely on Rydoo to simplify expense management.

Semine, based in the Nordics, processes millions of invoices for over 10,000 companies offering smart automation for accounts payable tasks. Its strong technology and customer base make it a natural fit with Rydoo’s platform.

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Together, Rydoo and Semine aim to deliver a comprehensive, end-to-end finance solution—combining expense management and AP automation for greater efficiency, visibility, and control.

Following the arrival of new majority shareholder Eurazeo in 2024, Rydoo has expanded into the U.S. market and continued to grow globally. This acquisition marks a key step in accelerating that momentum and delivering even more value to finance teams worldwide.

“We are excited to welcome Semine to the Rydoo family”, said Sebastien Marchon, Rydoo’s CEO.

“Both of our companies are rooted in the same essential values: customer obsession, product excellence, humility, collective intelligence, and passion.

This is a true convergence of visions, talents and cultures, bringing us closer to our ambition of building a world-class platform for finance teams.”

“This partnership not only allows us to broaden our product portfolio but also accelerates our ability to bring cutting-edge solutions to a wider European market. What truly matters to me is that Rydoo shares our passion for technology and excellence — together, we’re poised to deliver the most advanced and future-ready offering in the industry”, said Bjørn Røsten, Semine’s CEO.

According to Benjamin Hara, Partner at Eurazeo Elevate: "Semine’s acquisition lies at the core of Rydoo’s strategic roadmap: build a leading international spend management software.

The two companies and teams share a lot in common, making the combination a great match. We’re proud to support Sebastien and Bjørn’s teams in the beginning of their common journey.”

About Rydoo

Founded in 2011, Rydoo is a user-friendly expense management platform that helps companies streamline and automate employee expense processes. With a mobile app for real-time submissions and tracking, Rydoo boosts efficiency, ensures compliance, and gives finance teams full visibility into spending—anytime, anywhere.