Tesmo Business Mobility
“Can a state rail operator parlay its grip on B2B travel tickets into owning the broader corporate mobility expense stack?”
Founded2025
HQFrance
IndustryVertical SaaS / Mobility & Expense Management
The story
Tesmo Business Mobility is a 2025 spin-out from SNCF Connect & Tech, the digital subsidiary of French rail operator SNCF. The platform extends SNCF's B2B travel relationships into a full SME expense management product covering daily commutes, business travel, the Forfait Mobilités Durables, and mobility credits — combining SaaS workflow with an embedded card program. It is SNCF's bet that the train ticket is a wedge into corporate mobility spend management.
Last 12 months
Product timeline
2025
Tesmo brand launched by SNCF Connect & Tech as a digital mobility solutions umbrella (April 2025)· pivot
2025
Tesmo Business Mobility launched — SaaS expense management platform with embedded cards powered by Swan· banking
The stack
3 layers disclosed in Tesmo Business Mobility’s embedded-finance stack
Banking / BaaS
Card issuing
in the full report
Sponsor bank
in the full report
Accounting gap: significant
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.