HRS acquires Paypense
Janina Gerhardt
| 05.08.2022
With the acquisition, the tourism company aims to expand its portfolio of payment solutions for businesses.
Travel platform HRS acquires German start-up Paypense. With this, the company wants to expand its portfolio of payment solutions for businesses. As part of the acquisition, Paypense founder Christopher Hecht will become chief product officer at the HRS Pay team. The start-up's other employees are also to be taken on.
Founded in 2020, the startup offers a credit card and expense management system for businesses. The offering combines a card solution with an app that requests and provides funds for employees in real time. For finance and purchasing departments, artificial intelligence would review each transaction to ensure employees do not violate payment policies. The startup says it has four offices and 35 employees.
"Paypense provides smart spend management services to managers and employees alike, whether they are traveling for weeks at a time or supporting a one-day off-site event that doesn't require travel," said Tobias Ragge, CEO of HRS.
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