In a world where corporate expenses can often be abused or mismanaged by employees, CleverCards has stepped in to revolutionize the way companies control and monitor their financial transactions. By utilizing a digital platform linked to configurable expense cards, CleverCards provides businesses with the tools they need to ensure that their corporate payment cards are used appropriately and in line with company policies.
Despite a general slowdown in investment for the financial technology industry, CleverCards managed to secure an impressive 8 million euros ($8.6 million) in funding from investors. This funding round was led by strategic investor Pluxee, a move that highlights the growing interest and confidence in CleverCards’ innovative approach to managing corporate expenses.
Since its founding in 2019, CleverCards has managed to attract over 10,000 businesses as customers, including big names such as eBay, PaddyPower, Betfair, Accenture, Microsoft, and Apple. Moreover, CleverCards has also forged partnerships with public sector organizations, such as the U.K. government, to assist in distributing social welfare payments to those in need.
With the fresh injection of funds, CleverCards plans to further expand its business and scale its products to reach a broader audience. The company aims to explore new opportunities and continue to innovate in the realm of corporate expenses management. Additionally, CleverCards has appointed five new non-executive directors to its board with extensive experience in payments technology, ensuring that the company is well-equipped to navigate the challenges ahead.
Despite being a smaller player in the industry, CleverCards has managed to compete with and even outperform payment tech giants like Adyen and Stripe. By offering a unique and customizable payments platform, CleverCards has succeeded in winning business and gaining market share against its larger competitors. This success speaks to the effectiveness of CleverCards’ approach and the growing demand for more tailored solutions in the financial technology space.
As CleverCards continues to disrupt the traditional corporate expenses management landscape, the company is poised for even greater success in the future. With a strong client base, strategic partnerships, and a commitment to innovation, CleverCards is well-positioned to lead the way in reshaping how businesses approach financial transactions and expense control. The recent funding round and the appointment of seasoned industry professionals to its board only solidify CleverCards’ reputation as a trailblazer in the financial technology industry.