2 days ago
Spendbase launches digital banking and virtual cards
Spendbase, a spend management platform that helps businesses save on software and cloud costs, is launching a new suite of financial tools that take spend control to the next level: Digital Banking and Virtual Cards.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
With this release, Spendbase moves beyond expense optimization and into the core of business finance, growing into a central hub for financial management. The new features empower companies to manage money smarter, move faster, and save more.
What's New?
With Digital Banking, companies using Spendbase can now:
Get their business up and running in no time with a modern digital banking solution
Save time and instantly open corporate IBANs for the EU and UK
Make fast bank transfers via SEPA and Faster Payments
Gain more control with sub-accounts for specific teams, individuals, or projects.
The new Virtual Cards functionality allows users to:
Easily issue from one to 100 virtual cards per organization
Stay in control by setting precise spend limits for each card
Multiply your savings by earning up to 1.5% cashback
Benefit from enhanced security with 3DS, ensuring every transaction is truly yours
Spend Smarter
The launch slogan, 'Stop Spending Around,' captures the essence of Spendbase's mission: to give businesses radical visibility and control over their corporate spending. With new functionality offering granular controls at the team, account, and individual levels, companies can now track and optimize every dollar even better.
'Saving money has always been in our DNA — it's not just what we do for our customers, it's how we operate internally. We're seriously cost-efficient, and now we're turning that mindset into products. These tools pay for themselves by helping you spend less — and this launch is a major step in that direction.' Andrew Alex, CEO, Spendbase
From Optimization to Full Control
Spendbase originally made waves by helping companies cut waste in their software and cloud spending. For some mid-sized clients, that meant saving up to $150K in under a year. The platform quickly onboarded high-profile clients including Preply, MacPaw, Provectus, Happy Monday, YouScan, and others. Today, Spendbase supports 800+ businesses worldwide.
One of the platform's standout features is its performance-based pricing: Spendbase charges 25% from what it helped you save. That means the platform is fully aligned with its clients' success — clients typically save four times more than they pay.
With the addition of banking and virtual cards, Spendbase now delivers end-to-end spend visibility — from procurement to payment.
'Spendbase isn't here to replace your bank or existing cards. Every card has its perks for different needs. Think of Spendbase as the card that comes with the biggest savings. It's a complementary tool in your finance stack, focused entirely on eliminating spend waste.' Max Bondarenko, CMO, Spendbase
