The complexity of local legislation often poses major challenges for all those involved in the expense process. From its in-house AI research laboratory, Yokoy address such challenges by using artificial intelligence to fully digitalise and automate companies' expense and corporate credit card processes.
Supported by the investors Swisscom Ventures and SIX Group, Yokoy is currently realising enormous growth. In October 2020, the acquisition of the competitor product FlowExpense was announced, which has given additional momentum to the growth. Yokoy already counts over 150 well-known global companies such as Stadler Rail and Swissquote among its customers.
The company is now expanding into Austria where it has set up a new office in the capital city to act as a central gateway into the European market. The first customers including well-known companies have already been added onto Yokoy’s client-list.
Melanie Gabriel, co-founder and CMO of Yokoy says, "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".
Yokoy welcomes a new managing director for Austria
Stephan Hebenstreit has joined the Swiss management team as the managing director of Yokoy in Austria. He has been intensively involved in the topics of digitalisation, innovation and automation, and gained the necessary experience and a broad network as a co-founder of FREYGEIST lightweight e-bikes, as an independent consultant, and most recently at PwC in the area of ‘Digital & Innovation’.
"With Stephan, we have gained a person for the management team who brings the necessary experience and strengths to successfully gain a foothold in Austria," says Philippe Sahli, CEO and co-founder of Yokoy.