ShipCard
ShipCard provides a second-look engine that recovers credit card applicants a bank has declined, combining underwriting and card issuance in a single API integration. The platform connects to the Card Issuing Network, enabling sub-second virtual card creation with configurable limits, controls, and spend categories. It targets banks, co-brand card programs, and neobanks seeking to improve approval rates without lengthy bank sponsor relationships.
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
The legacy card issuing stack is broken, with typical new card program buildouts taking 18 months and costing $5M or more. Legacy infrastructure produces approval rates that leave significant revenue on the table—an estimated $300K in annual interchange is lost per 1,000 declined applicants at median spend levels.
Solution
ShipCard rewires the card issuing stack by providing a second-look engine that recovers credit card applicants a bank has declined. The platform combines second-look underwriting with card issuance in a single integration, connecting to the Card Issuing Network via one API. This eliminates the long bank IT queue, enabling virtual cards to be issued instantly with configurable limits, controls, and spend categories. With multi-issuer routing built in, developers can go from zero to live cards in three steps: connect, ship, and manage.
Target Audience
Primary customers are banks and card issuers looking to improve approval rates, as well as co-brand card programs and neobanks that need to launch or expand card products without lengthy bank sponsor relationships.
Features
- Single API integration to the Card Issuing Network, eliminating separate integration work per issuer
- Sub-second virtual card creation with configurable limits, controls, and spend categories
- Real-time balance management and multi-issuer routing built into the platform
- Developer-first workflow enabling live cards in three steps: connect, ship, and manage