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CAARY Capital
Spend management platform and corporate card
- 21-100 employees
- Fintech
- B2B
- Banking
- Payments
- Credit cards
- SaaS
- Accounting
- Bermondsey, Toronto, ON
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Company mission
Caary's mission is to transform and streamline credit and banking for businesses by reimagining products, processes and the client experience.
0% employee growth in 12 months
Our take
Corporate spending platforms and credit cards are a crucial way for businesses to get a handle on their siloed-off non-payroll corporate spend. Historically, however, they’ve been accessible only for larger organizations. Over recent years, there’s been a boom in fintech startups bringing these services to smaller outfits - Caary is hoping to join them.
Caary's spend management and credit card issue platform is attractive. No personal credit check is required, traditional fees like overlimit and late fees are cut, the 1.5% cashback on all business purchases is highly competitive, and the card and receipts management platform is hugely efficient. When you take a look at the broader market, however, things look a little more complicated.
These features are increasingly becoming standard fare in the corporate card and spend management platform market. Moss, Ramp, Brex, and of course Stripe are all examples of tight competitors, and this market has matured sufficiently that some of them are offering additional innovative incentives that Caary will have to counter. Caary will therefore need to focus on distinguishing themselves in the market.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Industry-best health and benefits plan
- Competitive base salaries
- Employee stock ownership plan (ESOP)
- Flexible work environment, including work-from-home
Funding (last 2 of 4 rounds)
Dec 2021
$13m
SERIES A
Jun 2021
$3m
SEED
Total funding: $18.3m
Leadership
Steve Apostolopoulos
(President)Also the Managing Partner of real estate firm Triple Group of Companies, and co-founded and serves as Chief Development Officer at Triple Properties.