Spendbase, the Google-backed FinTech platform focused on helping businesses save on SaaS and cloud costs, has announced a strategic partnership with GroüHub, an Estonia-based service provider specializing in company formation and accounting compliance management through Estonia’s e-Residency program.
The collaboration allows entrepreneurs worldwide to register and manage an EU-based company entirely online, eliminating the traditional complexities associated with cross-border company formation and bureaucracy. A key component of this process – opening a business bank account – is now faster, simpler, and completely free through Spendbase’s digital banking services.
EU and non-EU founders can now launch an EU business and establish banking remotely, without the need to travel to Estonia.
“Launching an EU business has traditionally been complex, especially for non-EU founders. Our partnership with GroüHub streamlines this process, eliminating one of the biggest hurdles – opening a bank account – so entrepreneurs can focus on building and growing their companies instead of navigating bureaucracy.” — Andrew Alex, CEO of Spendbase
“Our mission at GroüHub is to make Estonia company registration and management as straightforward and personalized as possible. By partnering with Spendbase, we’re making it easier than ever for founders to get started, offering seamless banking solutions right from day one.” — Manuel Schütte, Founder & CEO of GroüHub
GroüHub clients will benefit from:
- Fast, hassle-free business bank account creation as part of company registration
- Virtual corporate cards with cashback rewards to streamline company spending
- Completely free digital banking through Spendbase, with no monthly fees, per-user charges, or transaction costs
This partnership underscores a shared commitment to supporting startups globally by optimizing operational costs and simplifying the administrative processes required to launch and grow an EU-based company.