Virgin Money has announced a new FinTech partnership with Expend, adding an expense management service to its new business banking proposition.

The London-based platform, launched in 2015, aims to simplify the expense management experience for businesses. The platform has been designed as a ‘one-stop shop’ for SMEs and employees to submit and manage their expenses.

The new service will form part of Virgin Money’s working capital health plan.

“Expend offers a service that we know will provide real value to our customers,” said Graeme Sands, interim head of business banking at Virgin Money. “Businesses want to be able to do tasks quicker and more effectively – and this expense management service is exactly the kind of help many of them need.

“Not only will it solve a core business pain point, but it will also enrich the data they have, giving an accurate view of their expenditure.”

Sands added: “Working with our FinTech partners is playing a vital role in transforming our business bank. We have a new market-leading current account for SMEs, M Account for Business, and there is a lot more to come in 2022. We’re really proud of the work we’re doing with our fintech partners, helping us to help our customers run their businesses in the best way.”

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