The startup offers a financial service platform that integrates payment and banking functionalities, enabling businesses to send, store, and receive money across multiple currencies with a single API integration. This platform provides a customizable reporting module, facilitating secure cross-border transactions and enhancing operational efficiency for businesses.
Funding
$3.6M 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.
Founders
Product
Problem
Many businesses face challenges in managing finances across multiple currencies, dealing with complex expense tracking, and maintaining real-time visibility into spending, which can lead to inefficiencies and increased operational costs. Traditional banking systems often lack the flexibility and integration needed to streamline these processes effectively.
Solution
Qorbis offers a branded banking platform that consolidates corporate cards, payments, and spend management into a single, customizable solution. The platform provides businesses with real-time visibility and control over expenses, enabling them to issue unlimited physical and virtual Visa debit cards, automate expense categorization, and integrate with accounting software like Quickbooks, Sage, and Xero. With Qorbis, businesses can streamline financial operations, reduce errors, and gain access to advanced reporting and analytics, all while maintaining compliance with international regulations and fraud protection rules. The platform also offers a business concierge service, providing access to deals and discounts on travel, dining, and entertainment.
Target Audience
Qorbis primarily targets businesses of all sizes that require efficient and customizable solutions for managing corporate cards, payments, and overall spending, particularly those operating with multiple currencies or needing advanced expense management capabilities.
Features
- Unlimited physical and virtual Visa debit cards with customizable spending limits and categories
- Real-time expense tracking and automated categorization
- Integration with Quickbooks, Sage, Xero, and other accounting software via API
- Customizable reporting module for detailed financial analysis
- Multi-currency accounts with low FX rates (0.5% fixed rate with no limits on transaction values)
- Digital connectivity for sharing and managing contact information via bank cards
- Mobile apps for iOS and Android, providing 24/7 access to banking services
- Robust security measures, including digital onboarding and transaction monitoring
- Brandable platform, allowing businesses to customize the solution with their own branding