Cape is a spend management platform that provides small businesses with corporate credit cards featuring real-time spend controls, no interest charges, and no foreign exchange fees. By consolidating company expenses into one platform, Cape enhances cash flow management and reduces the time spent on manual accounting processes.
Funding
$2M 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.
Founders
Product
Problem
Small businesses often struggle with managing expenses due to manual accounting processes, lack of real-time visibility into spending, and hidden fees such as foreign exchange charges. Traditional corporate cards may also require risking personal assets and can lack the granular control needed to prevent overspending.
Solution
Cape provides a spend management platform that equips small businesses with corporate credit cards designed to streamline expense tracking and improve cash flow management. The platform offers credit limits up to $500,000 with no interest charges and no foreign exchange fees on transactions up to $50,000, helping businesses avoid unnecessary costs. Cape consolidates company expenses into a single platform, providing real-time spend controls, automated receipt capture, and direct integration with accounting software. This enables businesses to automate expense reconciliation, track budgets, and gain greater visibility into their spending patterns, ultimately saving time and money.
Target Audience
Cape primarily targets small to medium-sized businesses (SMBs) across various industries, including eCommerce, retail, professional services, agencies, technology, and healthcare, seeking to streamline expense management and gain better control over their finances.
Features
- Corporate cards with credit limits up to $500,000
- No interest charges or transaction fees
- No foreign exchange fees on international transactions up to $50,000
- Real-time spend controls and custom limits for each cardholder
- Virtual cards for secure online transactions
- Automated receipt capture and reconciliation
- Integration with accounting software such as Xero
- Mobile app for submitting receipts and viewing live transactions
- Travel benefits including complimentary airport lounge access and travel insurance
- Multi-factor authentication and single sign-on (SSO) for enhanced security