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Corporate card and expense management for SMBs
HQ: Madrid, Spain | Founded: 2019 | Stage: Acquired (by Factorial, Oct 2023) | Website: https://fuell.app
Fuell was a corporate card and expense management SaaS platform for SMBs. The platform combined physical/virtual corporate cards with automated expense management — receipt capture, categorization, VAT recovery, real-time spend monitoring, and accounting software synchronization. Users earned 3% cashback on expenses. The platform automatically converted receipts into invoices and supported VAT recovery across 500K+ restaurants, parking lots, and cabs in Spain. Tax Agency-approved digital receipts eliminated the need for physical copies. Founded in 2019 by Eduardo Ortiz de Lanzagorta (CEO) and Daniel Seijo. Edgar Alvarez later joined as co-founder (per acquisition announcements). Ortiz previously co-founded Civeta Investment, a crowdfunding platform, and was Director of Owl-Systems (Rockets
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