# Expent **Source:** https://geo.sig.ai/brands/expent **Vertical:** Infrastructure **Subcategory:** IT Operations **Tier:** Emerging **Website:** hyperproof.io **Last Updated:** 2026-04-14 ## Summary Bank data connectivity and transaction enrichment API for fintech and lending underwriting; income verification and account aggregation enabling open banking-style data access with real-time bank data for credit underwriting and financial wellness applications. ## Company Overview Expent is a financial data infrastructure company providing bank data connectivity, transaction enrichment, and account aggregation APIs for fintech applications, lending platforms, and financial services companies. Founded to enable open banking-style data access in markets beyond the established players, Expent offers tools for income verification, balance checks, transaction categorization, and financial health assessment through a developer-friendly API that connects to bank accounts with user consent. The company targets use cases in embedded finance, credit underwriting, and financial wellness applications where access to real-time bank data enables better product experiences and risk assessment. Expent's transaction enrichment layer cleans and categorizes raw bank transaction descriptions into structured spending data, enabling downstream applications to provide meaningful financial insights without requiring significant data processing investment from product teams. In 2025, Expent operates in the open banking infrastructure market that has grown significantly with expanding regulatory frameworks in the EU (PSD2), UK (Open Banking), and evolving US frameworks (CFPB 1033 rule). The company competes with established players like Plaid, Finicity (Mastercard), and Akoya (financial institutions' consortium) in the US, and with TrueLayer and Nordigen (now Gocardless) in Europe. Expent's differentiation focuses on developer experience, data quality, and coverage in specific geographic markets. The company's 2025-2026 roadmap includes expanded payment initiation capabilities alongside data access as open banking frameworks mature globally. ## Frequently Asked Questions ### What is Expent? Expent was a Fremont, California-based software procurement marketplace founded in 2020 that accelerated vendor lifecycle management and purchasing processes for teams. The company later pivoted to third-party risk management before being acquired by Hyperproof in October 2025. ### What products and services does Expent offer? Expent offers a software procurement marketplace, vendor lifecycle management, purchasing process automation, third-party risk management, and a vendor assessment platform. These solutions help organizations control and streamline their software procurement processes. ### Who are Expent's target customers? Expent serves teams and organizations that need to manage software procurement, vendor lifecycles, and third-party risk assessments. The platform is designed for companies seeking greater control over their vendor management and purchasing processes. ### When was Expent founded? Expent was founded in 2020 and participated in Y Combinator's Winter 2021 batch (W21). ### Where is Expent located? Expent is based in Fremont, California, United States. ### How much funding has Expent raised? Expent raised $130,000 in total funding from investors including Y Combinator, Hyperproof, Four Acres Capital, PJC, and Lorimer Ventures. ### What are Expent's key achievements? Expent was accepted into Y Combinator's Winter 2021 batch, successfully pivoted its business model from software procurement to third-party risk management, and was acquired by Hyperproof in October 2025. ### What is Expent's approach to vendor management? Expent's approach focuses on accelerating vendor lifecycle management and automating purchasing processes while giving organizations greater control over software procurement. The platform later expanded to include third-party risk management capabilities. ### How can I get started with Expent? Following its acquisition by Hyperproof in October 2025, Expent's services are now part of the Hyperproof compliance automation platform. Interested parties should contact Hyperproof for information about accessing these capabilities. ### What are the latest developments at Expent? In October 2025, Expent was acquired by Hyperproof, a compliance automation platform. Prior to the acquisition, Expent had pivoted from its original software procurement marketplace model to focus on third-party risk management solutions. ## Tags b2b, enterprise, infrastructure, platform, cloud-native, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*