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Corpay One's mission is to make it easier for businesses to focus on their growth, instead of wasting time managing spend - the old school way.
-8% employee growth in 12 months
Setting up company cards and spending management systems can be difficult for small businesses due to lengthy application periods, restrictions, and card limits. Furthermore, such solutions often only provide spending management tools for the physical card spending, instead of providing visibility across all company payments.
Corpay One provides company card issuing and a payment management platform for businesses, facilitating the unlimited issuing of physical and virtual cards to employees. All cards can have spending limits adjusted in real time, with any form of company payment being aggregated into an all-in-one payment management dashboard.
While the increasing sophistication of payment management alternatives will present the company with competition, Corpay One stands out by directly integrating its card issuing service into a platform, promising to boost business credit whilst encouraging holistic spending visibility and facilitating seamless billing and payments. The company has also been smart to scale its pricing depending on business size, helping to increase accessibility to such services for SMEs.
Kirsty
Company Specialist at Welcome to the Jungle
Oct 2019
$7.4m
SERIES A
May 2019
$7m
SERIES A
This company has top investors
Cathrine Andersen
(Co-founder)Experience working with Cisco's Innovation Labs and Emerging Products group from 2014 to 2017. Co-founder of Electric Monkey Ventures since 2014 and Co-Owner of Allinge Badehotel since 2020.
Christian Rasmussen
(Co-founder)Experience as Head of User Experience for Cisco. Co-founder and Investor of Electric Monkey Ventures since 2015, and Co-owner of Allinge Badehotel since 2020.