Netswitch provides a platform for businesses to issue branded debit, prepaid, and commercial cards with customizable spend controls and authorization rules. Their card programs offer funding options, transaction limits, and fee structures, combined with secure payment processing. Netswitch also offers blockchain-enabled payment solutions.
Funding
$513.5K 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
Businesses face challenges in efficiently managing and controlling expenses across various departments and employees. Traditional card programs often lack the flexibility to implement granular spend controls, leading to potential overspending and reconciliation complexities. Integrating card issuance and management with existing systems can also be a costly and time-consuming process.
Solution
Netswitch provides a platform that enables businesses to issue branded debit, prepaid, and commercial cards with customizable spend controls and authorization rules. The platform offers an API ecosystem that simplifies integration with existing systems, eliminating the need for costly and tedious integrations. Netswitch allows businesses to create specific card programs with automated processes for funding, authorizations, and limits. The platform supports both physical and virtual cards, with configurable controls and multi-purse settings, providing businesses with greater control over transactions and the flexibility to accommodate extended requirements.
Target Audience
Netswitch targets businesses of all sizes that require efficient and flexible card issuance and management solutions, including corporate expense management, employee payroll, and fleet management.
Features
- API ecosystem for minimal integration with existing systems
- Customizable spend controls for absolute control over transactions, authorizations, and funding
- Support for debit, virtual, corporate, employee, travel, and gift cards
- Multi-purse setup for managing transactions across various expense categories
- Instant card issuance with configurable controls and multi-purse settings
- Sandbox environment for simulating and testing transactions before launch
- Standard encryption and advanced processing controls for enhanced security