Greenwood Village, Colorado, United States
One cloud Marketplace. Infinite growth. Buy, sell, and manage cloud solutions with the Marketplace that fuels your business.
- Revenue
- $2B
- Year founded
- 2012
- Funding
- $395.6M
- Team size
- 1.8K
As of October 2026, Latka tracks 35 SaaS spend management software companies. They have combined revenues of $2.3B and employ 3.8K people. They have raised $831.5M and serve 3.9K customers combined.
Every company below sells SaaS spend management software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
SaaS Spend Management Software is designed to help organizations track, analyze, and optimize their spending on cloud-based software subscriptions. This category of software provides companies with tools to monitor usage, identify inefficiencies, and manage costs associated with their SaaS stack. By enabling organizations to gain visibility into their software expenditures, these platforms support strategic decision-making regarding software procurement and renewal processes. Typical features of SaaS Spend Management Software include budget tracking, automated reporting, usage monitoring, and multi-app analytics. Users, primarily from finance, procurement, and IT departments, leverage these tools to enhance their financial oversight and ensure maximum return on investment from their software subscriptions. As businesses increasingly rely on multiple SaaS applications, these tools play a critical role in managing their digital portfolio effectively.
Sorting: Highest -> Lowest
Showing 10 of 35 companies ranked by annual revenue.
Greenwood Village, Colorado, United States
One cloud Marketplace. Infinite growth. Buy, sell, and manage cloud solutions with the Marketplace that fuels your business.
Cologne, Germany
Sastrify is a Germany-based SaaS procurement platform that acts as a virtual procurement department for technology companies, helping them discover, compare, negotiate, and manage software subscriptions. The company targets businesses with 100 to a few thousand employees and prices its service as an annual tiered subscription based on the customer's total SaaS spend. Founded by Sven Lackinger and his co-founder, Sastrify hired its initial team in November 2020 and commercially launched in February 2021. Within roughly eleven months of launch, the company had grown from zero to approximately $140,000 in monthly recurring revenue across 70 customers, with an average contract value of $25,000 annually and a largest customer paying $60,000 per year. The company raised a pre-seed round of $1.3 million on a $6 million valuation in late 2020, followed by a $7 million seed round at approximately $27 million pre-money in mid-2021. HP led the seed round. With 53 employees and a rapidly expanding sales team, Sastrify was using the seed proceeds to scale across Europe and into Asia.
New York, New York, United States
Manage all your SaaS apps. In one single place. Torii lets IT professionals discover, optimize, and control their organization’s SaaS usage and costs.
New York, New York, United States
Vantage is the leading independent cloud cost management platform, built to help businesses manage and optimize their cloud infrastructure costs through a suite of tools. Founded in 2020, Vantage provides actionable insights to organizations, enabling them to analyze, report on, and optimize cloud spending across multiple providers such as AWS, Azure, and Google Cloud.
London, England, United Kingdom
Vertice is a tech-enabled SaaS purchasing solution that helps businesses save on their annual software expenditure.
New York, New York, United States
Cledara is a software spend management platform that combines a SaaS subscription layer with an embedded fintech product, issuing virtual cards to help businesses assess, purchase, and manage their software subscriptions. The company processes payments through Mastercard-issued virtual cards, earning interchange revenue directly from card schemes alongside a platform subscription fee. As of early 2023, Cledara was on track to process $500 million in gross payment volume for the year, with customers collectively renewing or purchasing 1,500 software subscriptions per day. Founded and led by CEO Cristina Vila, Cledara is headquartered in London with a recently opened office in Denver, Colorado. The company closed a $20 million Series A in September 2022 after beginning its fundraising process in March of that year. By early 2023, the team had grown to 80 people globally, including 7 in the United States. Cledara entered the US market without any US-based employees, acquiring roughly 50 US customers from its London office before making its first American hire. The company grew five times in 2022 and was targeting a minimum of three times growth in 2023, with revenue split 60 percent from interchange and 40 percent from SaaS subscriptions.
Seattle, Washington, United States
Binadox provides SaaS subscription management, optimize the organization SaaS costs & discover SaaS usage. We help organizations & enterprises manage SaaS applications to lower costs.
United States
Experience the ultimate FinOps tool with Finout - the all-in-one solution designed to meet the needs of companies of any size. Effortlessly streamline your FinOps management with Finout's robust features, including instant tagging, zero-fee cost optimization, and a comprehensive cost governance suite. With its intuitive interface, you can optimize your cloud spend by up to 45% without the hassle of coding or tag changes. Say goodbye to unnecessary expenses and hello to the only FinOps tool you will ever need.
Latka tracks 35 SaaS spend management software companies with reported revenue. Together they generate $2.3B in annual revenue and employ 3.8K people.
Pax8 is the largest, with $2B in annual revenue, founded in 2012.
The average SaaS spend management software company in this list makes $64.9M a year, across 35 companies with reported revenue. They serve 3.9K customers combined.
Ranked by annual revenue, the leaders are Pax8, Vendr, Sastrify, Torii and vantage.sh.
The 35 SaaS spend management software companies tracked here have raised $831.5M in disclosed funding between them.
- Must provide capabilities to track and analyze SaaS subscription costs - Should include features for monitoring software usage and license utilization - Must offer reporting tools that provide insights into spending patterns - Should allow for budget creation and management related to SaaS expenses - Must support multi-app analytics to compare costs across different software solutions - Not just a billing tool; must also provide insights on usage and optimization strategies - Should be suitable for use by finance, procurement, and IT departments
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