ISH today announced the acquisition of ProSpend, a Sydney-headquartered spend management software company. The deal marks the launch of ISH’s new Fintech track, expanding the firm’s portfolio beyond worktech and compliance. It creates a platform for ProSpend to establish itself as a leading solution provider in Australia and New Zealand, while scaling its ambitions across the UK & Ireland.
ProSpend’s all-in-one platform helps finance teams automate expense, invoice and payment workflows, reducing manual administration and improving spend visibility, control and auditability. Trusted by more than 1,000 businesses, including Nike, the World Wildlife Foundation (WWF), and KFC, the company has, in recent years, broadened its position as a leader in the business spend management market, valued at more than $19 billion USD globally and projected to grow at an annual rate of 11.9% by 2030 to reach more than $46 billion.
“Fintech is a natural next step for ISH. ProSpend solves real-world finance challenges with elegant, enterprise-ready software, and we see a clear path to rapid growth across our core markets,” said Adam Reynolds, CEO at ISH. “We’ll bring go-to-market support, capital and our operational expertise to help ProSpend land and expand in the UK, Ireland and Europe, while keeping product focus exactly where customers want it: control, visibility and time back for finance teams.”
Consolidating expense management
Expense and spend management remains one of the most fragmented categories in fintech. Mid-market and enterprise finance teams still juggle multiple point solutions for invoices, expenses, cards, approvals and policy control, creating gaps in visibility, manual effort and compliance risk. ProSpend’s proactive approach—approvals and policy controls before spend occurs—directly addresses those visibility gaps while keeping teams in their current accounting stack. ISH’s Fintech track will target this fragmentation with a structured acquisition and build-out strategy, bringing together best-in-class products and teams to create a unified operating layer for finance.
This disciplined approach mirrors ISH’s proven playbook in its HR track, where selective acquisitions and focused integration have delivered category leadership, sharper go-to-market execution and measurable value for customers. The Fintech track will apply the same operator-led rigour, backing specialist teams, prioritising UX and trust, and compounding growth through complementary M&A.
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