CleverCards provides a platform for the instant issuance of customizable digital Mastercards, allowing businesses and public sector organizations to configure cards for various payout and expense management needs. This solution enables real-time visibility and control over spending, streamlining the distribution of employee benefits, business expenses, and contractor payments while reducing administrative overhead.
Funding
$8.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PFounders
Product
Problem
Traditional methods of distributing employee benefits, managing business expenses, and processing subscription payments often involve cumbersome administrative processes, limited spend visibility, and potential delays in funds disbursement. Physical cards and manual reconciliation create inefficiencies and lack real-time control over spending.
Solution
CleverCards provides a platform for businesses and organizations to instantly issue customizable digital Mastercards, streamlining various payout and expense management needs. The platform enables real-time visibility and control over spending, simplifying the distribution of employee benefits, business expenses, and subscription payments. CleverCards eliminates the need for physical cards, reduces administrative overhead, and automates accounting processes. Employees can add their CleverCard Mastercard to Apple Pay or Google Pay for convenient spending anywhere Mastercard is accepted.
Target Audience
CleverCards targets businesses and public sector organizations looking to streamline employee benefits distribution, manage business expenses, and optimize subscription payments.
Features
- Instant issuance of digital Mastercards
- Configurable spend controls, including limits and expiry dates
- Real-time visibility of spends by department or employee
- Automated accounting and reconciliation
- Integration with Apple Pay and Google Pay
- Tax-free gifting options for employee benefits (subject to local regulations)
- Option to earn cashback on subscription payments
- Ability to send cards via email or SMS