About Upsider

UPSIDER provides a corporate card solution that allows businesses to set spending limits and restrict usage to specific vendors, significantly reducing the risk of unauthorized transactions. The platform automates compliance with electronic record-keeping laws and streamlines expense reporting, enabling faster monthly financial close processes for companies.

```xml <problem> Many companies, especially startups and those aiming for IPO, face challenges in controlling employee spending and preventing unauthorized use of corporate cards. Traditional corporate cards often lack granular controls, leading to potential misuse and difficulties in maintaining compliance with electronic record-keeping laws. Expense reporting and reconciliation can also be time-consuming and error-prone, delaying monthly financial closes. </problem> <solution> UPSIDER provides a corporate card and spend management platform designed to give businesses greater control and visibility over company spending. The platform enables administrators to set granular spending limits, restrict card usage to specific vendors, and monitor transactions in real-time, significantly reducing the risk of fraud and unauthorized purchases. UPSIDER automates compliance with electronic record-keeping requirements by facilitating easy uploading and management of receipts and invoices. The platform also integrates with major accounting software packages, streamlining expense reporting and accelerating the monthly financial close process. </solution> <features> - Customizable spending limits on a per-card basis, including daily, monthly, and per-transaction limits - Vendor lock to restrict card usage to pre-approved merchants and services - Real-time transaction monitoring and alerts for suspicious activity - Automated receipt and invoice capture via iOS/Android apps, Slack, and web interface - Automated matching of transactions with uploaded receipts - Automated categorization of expenses and generation of journal entries - Integration with accounting software such as freee会計, マネーフォワードクラウド会計, 勘定奉行クラウド, and 弥生会計クラウド via API - Compliance checks for electronic record-keeping laws and invoice requirements - Virtual and physical card options with unlimited card issuance - Support for 3D Secure authentication for secure online transactions </features> <target_audience> UPSIDER targets startups, growth-stage companies, and enterprises, particularly those with a focus on financial compliance, internal controls, and efficient expense management. The platform is also suited for companies pursuing an IPO. </target_audience> <revenue_model> UPSIDER generates revenue through interchange fees on card transactions. </revenue_model> ```

What does Upsider do?

Where is Upsider located?

Upsider is based in Tokyo, Japan.

When was Upsider founded?

Upsider was founded in 2017.

How much funding has Upsider raised?

Upsider has raised 630500000.

Location

Tokyo, Japan

Founded

2017

Funding

630500000

Employees

70 employees

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Upsider

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Executive Summary

up-sider.com 300+

Founded 2017 – Tokyo, Japan

Funding

Estimated Funding

$500M+

Team (50+)

No team information available.

Company Description

Problem

Many companies, especially startups and those aiming for IPO, face challenges in controlling employee spending and preventing unauthorized use of corporate cards. Traditional corporate cards often lack granular controls, leading to potential misuse and difficulties in maintaining compliance with electronic record-keeping laws. Expense reporting and reconciliation can also be time-consuming and error-prone, delaying monthly financial closes.

Solution

UPSIDER provides a corporate card and spend management platform designed to give businesses greater control and visibility over company spending. The platform enables administrators to set granular spending limits, restrict card usage to specific vendors, and monitor transactions in real-time, significantly reducing the risk of fraud and unauthorized purchases. UPSIDER automates compliance with electronic record-keeping requirements by facilitating easy uploading and management of receipts and invoices. The platform also integrates with major accounting software packages, streamlining expense reporting and accelerating the monthly financial close process.

Features

Customizable spending limits on a per-card basis, including daily, monthly, and per-transaction limits

Vendor lock to restrict card usage to pre-approved merchants and services

Real-time transaction monitoring and alerts for suspicious activity

Automated receipt and invoice capture via iOS/Android apps, Slack, and web interface

Automated matching of transactions with uploaded receipts

Automated categorization of expenses and generation of journal entries

Integration with accounting software such as freee会計, マネーフォワードクラウド会計, 勘定奉行クラウド, and 弥生会計クラウド via API

Compliance checks for electronic record-keeping laws and invoice requirements

Virtual and physical card options with unlimited card issuance

Support for 3D Secure authentication for secure online transactions

Target Audience

UPSIDER targets startups, growth-stage companies, and enterprises, particularly those with a focus on financial compliance, internal controls, and efficient expense management. The platform is also suited for companies pursuing an IPO.

Revenue Model

UPSIDER generates revenue through interchange fees on card transactions.