Fintech / Payments

Virtual Cards & Spend Management Software

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is Virtual Cards & Spend Management Software?

Virtual cards & spend management software companies combine virtual business credit or debit cards with a spend management platform. These platforms help automate expense approvals and spend management, which is a new way of thinking about how companies spend money. Virtual cards are single-use payment credentials that can be shared between buyers and suppliers.

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Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for Virtual Cards & Spend Management Software. These companies include Brex and Spendesk.

Brex logo
Brex

United States / Founded Year: 2017

Brex is a B2B financial product provider that offers a corporate credit card for technology companies.

Known Partners

Remote, 1Password, Zapier, and 2 more

Known Customers

DoorDash

Key People

Henrique Dubugras, Pedro Franceschi, Michael Tannenbaum, and 2 more

Spendesk logo
Spendesk

France / Founded Year: 2015

Spendesk aims to change the way companies manage their payments by offering a full-fledged corporate spending solution. Spendesk provides a central dashboard to track budgets, receipts, and expense approvals for European companies.

Known Partners

TripActions

Key People

Thibaud Elziere, Jordane Giuly, Guilhem Bellion, and 2 more

Freshbooks logo
Freshbooks

Canada / Founded Year: 2004

FreshBooks provides accounting software platforms for small businesses and self-employed professionals, with invoicing, time-tracking, expense management, online payments, bank reconciliation and double-entry accounting features.

Key People

Don Epperson, Mike McDerment, Michael Washinushi, and 2 more

Airbase logo
Airbase

United States / Founded Year: 2017

Airbase offers an all-in-one spend management platform for finance teams at all stages. It manages scalable, automated pre-approval, payment, and accounting workflows.

Known Customers

Silicon Valley Bank

Key People

Thejo Kote, Aneal Vallurupalli

Ramp logo
Ramp

United States / Founded Year: 2019

Ramp offers credit cards targeted at small and medium-sized businesses (SMBs) with a focus on high-growth startups. The company aims to provide companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. The company was founded in 2019 and is based in New York, New York.

Known Partners

Founderpath, Remote, Vestwell, and 2 more

Key People

Eric Glyman, Karim Atiyeh

M
Moss

Germany / Founded Year: 2019

Moss provides employee credit cards to track employee spending. It is primarily focused on providing a corporate credit card to startups and digital companies in Europe.

Key People

Ante Spittler, Nick Mironenko, Sergio Lopez, and 2 more

Cardless logo
Cardless

United States / Founded Year: 2019

Cardless is helping brands create custom-branded loyalty credit cards with quick program creation and top-notch customer service.

Key People

Scott Kazmierowicz, Michael Spelfogel

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for Virtual Cards & Spend Management Software. These companies include Unit and Lithic.

Unit logo
Unit

United States / Founded Year: 2019

Unit builds a platform that lets third parties integrate banking services like payment cards, checking accounts, cash advances, and money transfers into their own businesses by way of an API. The company is based in New York, New York, and was founded in 2019.

Key People

Itai Damti, Doron Somech, Amanda Swoverland

Lithic logo
Lithic

United States / Founded Year: 2014

Lithic builds easy-to-use software that protects digital rights. Privacy makes online payments safe and easy, with a new virtual card for each place a user pays online.

Known Partners

Dwolla, Peach Finance, Canopy, and 2 more

Key People

Jason Kruse, David Nichols, Boling Jiang, and 2 more

Jeeves logo
Jeeves

United States / Founded Year: 2019

Jeeves provides an expense management platform for businesses, primarily startups. It offers a corporate card in local currency with no fees or interest. Per Jeeves says, it allows any firm to set up their financial function quickly using its Banking-as-a-Service infrastructure. This provides customers, per Jeeves, with access to 30 days of credit on a true corporate card (with 4% cashback), non-card payment rails, and cross-border payments. It also allows customers to pay in several currencies with the aim of cutting down on FX (foreign exchange) fees.

Key People

Sherwin Gandhi, Dileep Thazhmon, Arpan Nanavati, and 1 more

Highnote logo
Highnote

United States / Founded Year: 2020

Highnote is a card platform purpose-built to realize customer loyalty and engagement through embedded card experiences. The platform can be used by clients to launch virtual card programs to create compelling value for their customers.

Known Partners

Flowcast, LocatorSearch, LLC., Mastercard, and 2 more

Key People

John MacIlwaine, Kin Kee

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for Virtual Cards & Spend Management Software. These companies include Imprint.

I
Imprint

United States / Founded Year: 2020

Imprint allows brands to launch their own branded payment and reward products. Imprint aims to partner with businesses to provide customers with branded reward cards. Those cards function similarly to debit cards in that the user does not have to complete a credit check or pay interest or fees, and their balance decreases over time as they spend. Per the firm, a client gets access to a rewards or incentive program at the same time, and brands can own the payment method and reduce their cost to process payments.

Key People

Gaurav Ahuja, Michael Pechman, Daragh Murphy, and 2 more

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for Virtual Cards & Spend Management Software. These companies include Bink and AppZen.

Bink logo
Bink

United Kingdom / Founded Year: 2014

Bink provides a seamless way for consumers to interact with their favorite loyalty programs - without the need to carry numerous loyalty cards or remember to present a virtual card at point of sale. With Bink, the act of paying with your payment cards now means consumers automatically receive rewards from the brands they love and can easily see their points balance at the touch of a button.

Key People

Lee Clarke, Mike Jordan, Hannah Soye, and 1 more

AppZen logo
AppZen

United States / Founded Year: 2012

AppZen is an artificial intelligence powered SaaS tool for automating T&E expense report audit. The patented tool integrates with all existing expense reporting tools, such as Oracle, Concur, and NetSuite, to detect T&E fraud and compliance issues within minutes. AppZen uses Computer Vision and Natural Language Processing algorithms to capture and analyze expense report data, including document images, cross-check it with hundreds of data sources and social media, and notify the audit team in real-time of any compliance issues and fraud.

Known Partners

Genpact, SAP, TripActions, and 1 more

Key People

Anant Kale, Kunal Verma, Naresh Bansal, and 2 more

Brightflag logo
Brightflag

Ireland / Founded Year: 2015

Brightflag is an AI-powered eBilling and spend management software for legal departments.

Known Customers

Syngenta

Key People

Ian Nolan, Alex Kelly

What is Virtual Cards & Spend Management Software?

Virtual cards & spend management software companies combine virtual business credit or debit cards with a spend management platform. These platforms help automate expense approvals and spend management, which is a new way of thinking about how companies spend money. Virtual cards are single-use payment credentials that can be shared between buyers and suppliers.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

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