Coast is a financial services platform that offers a Visa fuel card integrated with expense management software, enabling businesses to monitor and control fleet fuel and field expenses in real-time. The platform addresses fuel theft and overspending by providing customizable spending rules, GPS tracking, and automated alerts, resulting in an average savings of 10% on fuel bills.
Funding
$40M 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.
IGFounders
Product
Problem
Businesses with fleets often struggle with fuel theft, overspending, and inefficient expense tracking, leading to significant financial losses. Traditional fuel cards lack real-time visibility and control, making it difficult to monitor driver behavior and enforce spending policies. Managing receipts and reconciling expenses manually is time-consuming and prone to errors.
Solution
Coast provides a Visa fuel card and integrated expense management software that gives businesses real-time control and visibility over fleet fuel and field expenses. The platform enables customizable spending rules, GPS tracking, and automated alerts to prevent fuel theft and overspending. Coast streamlines expense management by automating receipt capture, reconciliation, and accounting integration, saving time and improving accuracy. By providing better security, visibility, and control, Coast helps businesses reduce fuel costs and improve operational efficiency.
Target Audience
Coast targets businesses of all sizes that operate fleets of vehicles, including transportation, construction, delivery, and service companies.
Features
- Visa acceptance at gas stations and other merchants
- Customizable spending rules based on location, time, fuel type, and purchase category
- Real-time GPS tracking of fuel card usage and vehicle locations
- Automated alerts for suspicious transactions and policy violations
- Digital receipt capture and storage for streamlined expense reporting
- Integration with accounting software for automated reconciliation
- Driver verification to prevent unauthorized card usage
- Rebates on fuel purchases at participating stations