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To simplify employee benefits payouts and employee business expense management for businesses.
Whilst company benefits plans incentivise and engage employees, there are few checks in place to deter the abuse of these benefits. Expense reports can easily be construed as legitimate, so CleverCards has created a digital platform linked to expense cards, giving companies more control over how their employees use their benefits.
CleverCards offers platform-connected, configurable Mastercards for company employees, providing a streamlined system for expense management. It works across allowances, business expenses and company benefits, with outgoings tracked and authorised through its central server. Additionally, AI is used to further automate the process by tracking identity verification.
This approach saves accounting teams a lot of admin and time, which is where the value of the offering lies. With substantial funding under its belt, the company plans to scale its footprint, even eying up business from tech giant competitors Adyen and Stripe. To compete with such big names in the fintech landscape will require a relentless approach, but CleverCards' impressive customer roster certainly suggests it knows what its doing.
Kirsty
Company Specialist at Welcome to the Jungle
Jun 2024
$8.5m
LATE VC
May 2021
$10.6m
ANGEL
Kealan Lennon
(CEO)Also Founder of K Partners. Was the Chairman of CJ Fallon, Director of First UK Commercial Property and the Chairman of Wilton Radio Group.