The Ramp platform is already tackling the area of expense management and centralized finance outside of its signature card. The recent boom in card startups is a reflection of the growing need to simplify expense management and to make it easy for companies to understand, pay, and manage their finances.Ĭard companies are evolving into one-stop expense management platforms, competing for the centralized finance space. Since releasing its card in 2017, the company is valued at a soaring $2.3 billion with its recent Series D funding in April 2021. The kid-focused debit card gives parents control and visibility over their children’s finances while giving children the power to make their own transactions and teaching them fiscal responsibility. Ramp, another corporate card and expense management platform, is valued at $1.6 billion with its recent Series B funding in April 2021.īeyond the SMB and corporate verticals, another rising star is Greenlight, a debit card for kids. ![]() Since 2017, the company reached an astonishing $7.4 billion valuation with its recent Series D funding in April 2021.This is only a glimpse into the corporate card startup industry. What made Brex incredibly popular was its high limits with no personal guarantees - access to a corporate card without ties to the account holder’s personal assets. The key benefit of a corporate card is centralized expense management capabilities, giving insight and visibility into every purchase in one place. One of the biggest examples right now is Brex, a fintech company that provides a suite of financial management solutions but is most notable for corporate cards. Recently, a myriad of hyper-growth fintech startups are creating movement in the payments and fintech industry. Over the past several years, major companies released their own cards along with their core products - Venmo, Uber, Apple, and Amazon are a few examples of companies offering cards as an alternative paying experience.
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