Cleva offers a prepaid debit card and management platform that enables care agencies and legal teams to efficiently manage client expenditures while ensuring financial oversight. By automating transaction recording and providing real-time visibility, Cleva reduces administrative time by up to 70 minutes per client each month, enhancing both safety and accountability in financial processes.
Funding
Funding not disclosed
Founders
Product
Problem
Care agencies, legal teams, and local authorities face significant administrative burdens and financial oversight challenges when managing expenditures for clients, especially vulnerable individuals. Traditional methods involving cash, petty cash, and manual reconciliation are time-consuming, prone to errors, and increase the risk of financial abuse.
Solution
Cleva provides a prepaid debit card and management platform designed to streamline and secure client expenditure management. The platform automates transaction recording, offers real-time visibility into spending, and reduces administrative overhead. Cleva's system allows for the creation of digital wallets for each client, funding these wallets on a regular schedule, and issuing Cleva cards to clients or their care teams. A companion app enables monitoring of spending, setting spending controls, and ensuring every transaction is tracked with timestamps and user details.
Target Audience
Cleva targets care agencies, local authorities, solicitors, case managers, appointees, and deputies responsible for managing the finances of vulnerable adults and children, as well as residential care providers.
Features
- Prepaid debit cards usable anywhere Mastercard or Visa is accepted, with options to block specific merchant categories.
- Digital wallets for each client to allocate and manage funds.
- Real-time transaction tracking and reporting through a management platform.
- Mobile app for clients, families, and care teams to monitor spending and upload receipts.
- Option for family viewing to increase transparency.
- Single card switching to manage multiple client wallets with one card.
- Integration with management systems to reduce reconciliation time.
- Card controls to set spending limits and restrictions.