Unified spend administration platform ProSpend right this moment introduced it has been acquired by ISH (Invincible Software program Holdings), a UK-based software program group. The partnership is a deliberate step in Aussie-founded ProSpend’s long-held ambition to develop into international markets, whereas persevering with to construct native, sensible options for mid-market finance groups that take away the ache of handbook expense administration and accounts payable automation.

ProSpend selected ISH for its experience in supporting founder-run SaaS companies and a confirmed monitor file in spend administration. The shared focus is obvious: preserve product consideration precisely the place clients need it, on management, visibility and time again for finance groups whereas including hands-on help to scale responsibly. For current ProSpend clients it stays enterprise as typical: anticipate the identical ProSpend platform, contracts, knowledge residency, help channels and groups.

The acquisition additionally aligns ProSpend with ISH’s newly launched Fintech Monitor, which targets fragmentation throughout invoices, bills, playing cards, approvals and coverage management. The strategy brings collectively specialist merchandise and groups to create a extra unified working layer for finance, making use of ISH’s confirmed, operator-led playbook to a class ProSpend is aware of effectively.

“Fintech is a pure subsequent step for ISH. ProSpend solves real-world finance challenges with elegant, enterprise-ready software program, and we see a transparent path to fast progress throughout our core markets,” stated Adam Reynolds, Managing Accomplice at ISH.

“We’ll deliver go-to-market help, capital and our operator community to assist ProSpend land and develop within the UK and Europe, whereas conserving product focus precisely the place clients need it: management, visibility and time again for finance groups.”

“Becoming a member of ISH offers us the platform and experience to understand our subsequent stage of progress,” stated Sharon Nouh (pictured), Founder and CEO of ProSpend.

“We’ve all the time needed ProSpend to be an Aussie-founded international firm. With ISH’s backing, we are able to scale quicker, strengthen compliance and safety, and make investments additional within the product and our clients whereas staying true to the mission of serving to finance groups take management of firm spend.”

Launched as expensemanager in 2015, Prospend has enabled over 1,000 clients together with Nike, KFC, Baskin Robbins, Greatest&Much less, Monash School, Forty Winks and Autism Spectrum to simplify and streamline firm spend.

ProSpend will proceed working below its personal model and management in Australia and New Zealand, investing in native hiring, partnerships and buyer success to satisfy rising regional demand, whereas making ready a compliant, regionally supported launch within the UK and Eire from 2026.