Okticket closes a €1.8M investment round led by Angels and Zamit Capital

Okticket

The Spanish fintech Okticket, specialized in digitizing professional travel expenses, has closed a financing round of more than 1.8 million euros led by Angels, Juan Roig´s investment company, and Zamit Capital, a fund managed by GVC Gaesco. Encomenda (the entity that led Okticket´s previous round), a fund co-led by Carlos Blanco and Oriol Juncosa, and Asterius, a fund led by Javier García, have also participated in this round. 

“We are very satisfied with the investment round, above all for the investors who join us in it. We will dedicate the resources acquired to reinforce our internationalization strategy, incorporate a sales force and continue to improve the product. The quality of the product and customer service is our hallmark and we want it to continue in the future. Our forecast is to double sales again in 2023”, says Iván Rodríguez, CEO of Okticket.

Okticket was created in October 2017 to help companies stop worrying about the problem of professional travel expense notes through a powerful, agile and simple tool that allows them to optimize and cover the entire expense note management process. , from the means of payment and digitization, to the processes of validation, control and integration with the ERP of the company.

The company has experienced sustained growth, even during the pandemic, gaining market share based on a capital efficiency strategy. In 2022, the volume of clients and subscription contracts doubled. It currently has more than 100,000 users and more than 500 clients throughout Spain, Portugal and France, from SMEs to large multinational companies, including Manpower, Orange, Central Lechera Asturiana or the chemical multinational BASF.

The Okticket team has also experienced significant growth in 2022, adding 25 new professionals to its workforce. 

“Okticket, led by Iván Rodríguez, has shown that it is very focused on improving the user experience, investing in technology that improves the quality and speed of digitization, thus exponentially increasing customer satisfaction,” emphasizes Pepe Peris, Angels’s General director. 

Paco Illueca, Investment Director of the Venture Capital Area of GVC Gaesco Valores, and Jesús Muela, Deputy General Manager of GVC Gaesco Valores, affirm that: “The investment in Okticket represents a new step for Zamit in its commitment to companies with strong potential of growth and internationalization. The case of Okticket is interesting because it offers its clients an optimal digital solution for the management of professional travel expenses that has generated growing interest from the market”.