Category: Credit & charge cards

Corporate Charge or Credit Cards for SMBs

With Brex's meteoric rise from zero to $8B in just 4 years, there has been considerable attention to, and investment in business credit/charge cards (see definition below). The most recent example: Divvy's $2.5B exit to Bill.com less than 5 years after founding, a value increase of almost $50M per MONTH!

Below are the challenger SMB business credit/charge cards currently active in the United States.

The FAB Score Ranking (Fintech Attention Barometer) is a proxy for the size of a private fintech company.

Last Updated: August 2021
CompanyLearn MoreFAB Score*FoundedFunding ($M)
RampRamp8642019$1,360ApplyNYC229 Aug '21690,000$595.0$15.0
DivvyDivvy (Bill.com)1802016$418ApplyUtah429 Aug 2021270,000$165.0$253.0
Rho_Logo_Standard_RGB_AbyssRho1092018$205ApplyNYC529 Aug 202143,000$115.0$4.9
BrexBrex6492017$1,457ApplySF129 Aug '211,200,000$425.0$775.0172000
ExpensifyExpensify5202008$401ApplySF329 Aug 20211,700,000$0.0$38.232000
Jeeves-LogoJeeves2142019$368ApplyNYC71,000
Tribal-logoTribal1012016$143ApplySF629 Aug 20214,400$34.3$9.1370
Airbase-logo-blackAirbase592017$102ApplySF77,000
Bento-logoBento (US Bank)512014$25ApplySF929 Aug 202194,000$0.0$18.52155000
Karat-logoKarat362019$46ApplySF729 Aug 202111,000$26.0$4.6
Center-logoCenter322018$54ApplySeattle1429 Aug 20212,900$0.0$5.0
Lola-logoLola (Capital One)132015$82ApplyBoston829 Aug 20218,200$0.0$81.7
PEX-logoPEX132007$4.9ApplyNYC1129 Aug 202181,000$0.0$4.92540113000
TeamPay-logoTeampay102016$21ApplyNYC1029 Aug 20218,300$5.0$16.0
SwipeDom-logoProfit (was SWIPEDOM)42019$0.5ApplyNYC1229 Aug 20214,900$0.0$0.5430
ComCard-logoComCard42019$1.0ApplyLA1329 Aug 2021700$0.0$0.2
Funnel-Dash-logoDash.fi (was FunnelDash)42016$4.0ApplyAustin1529 Aug 20218,100$0.0$0.5

Source: FintechLabs, 3 June 2022 from Crunchbase, SimilarWeb, SEMrush and other news sources

*FAB SCORE:  The FAB score, Fintech Attention Barometer, is a proxy for the overall size of a private company since they typically do not release traditional metrics (# customers, deposits, AUM, etc). The score is based on VC funding, website traffic, mobile downloads, and the number of employees. It's a work in progress, so expect changes in the formula.

Definition: To qualify, challengers don't need to issue cards themselves or be regulated as a financial institution. Startups must focus on small-business charge/credit cards delivered digitally (rules out Wells Fargo, BofA, and the majority of traditional banks). We will include divisions of traditional FIs if they operate under a separate autonomous brand, such as American Express's Kabbage unit.  

FROM OUR PARTNERS

FAB Score*FoundedFunding $M
http://fintechlabs.com/wp-content/uploads/2021/12/Murcury-logo-square.jpg287SF2017$152
http://fintechlabs.com/wp-content/uploads/2022/01/Novo-logo-square.jpg277NYC2016$136
http://fintechlabs.com/wp-content/uploads/2021/12/Found-logo-square.jpg233SF2019$75
http://fintechlabs.com/wp-content/uploads/2021/12/Oxygen-logo-square-1.jpg187SF2018$24
http://fintechlabs.com/wp-content/uploads/2022/01/Rho_Logo_Standard_RGB_Abyss.png109NYC2018$205
See Full List
FAB Score*FoundedFunding $M
National_Funding_logoAd1999105San Diego
Clearco logo3682015$682MToronto
Fundera Logo121201318.9NYC
SMB Lenders: Kabbage Continues to Cook Under American Express Ownership42420082500Atlanta
Capchase-logo-square2412020$470NYC
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Last Updated: August 2021
CompanyFAB Score*FoundedFunding ($M)
Ramp8642019$1,360NYC
Divvy1802016$418Utah
Rho_Logo_Standard_RGB_Abyss1092018$205NYC
Brex6492017$1,457SF
Expensify5202008$401SF
See Full List
Updated June 2021
FAB Score*FoundedFunding ($M)
2302016$881SF
1222017$520SF
802017$306Wash DC
632005$0London
392015$142SF
See Full List
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