Axel Demazy is CEO of Spendesk, a European leader in spend management and procurement that achieved profitability in 2025 under his leadership. He focuses on driving profitable growth and leading AI-driven transformation in finance.

Axel earned a Master of Engineering from CentraleSupelec and spent a decade as a Partner at Boston Consulting Group, specializing in digital and AI transformation for large companies. He then served 4 years as COO and General Manager at Jellysmack, a unicorn in the creator economy.

Axel joined Spendesk in October 2024 with the ambitious goal of achieving profitability by 2025, which the company reached in March 2025 after six months of consecutive profitable performance. Under his leadership, Spendesk achieved 83% AI adoption across the company, 3x the industry average.

Axel led Spendesk through a major transformation, streamlining operations and deploying AI to automate tasks while maintaining focus on innovation. The company now serves over 200,000 business users including SoundCloud and Gousto, with operations across France, UK, Germany, and Spain.

Spendesk reached unicorn status with a $1.14B valuation and raised over $300M in total funding, including a $114M Series C extension led by Tiger Global. The platform has become the operating system for business spending, helping finance teams gain 100% visibility over company expenses.