
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 $50M per MONTH!
Below are the challenger SMB business credit/charge cards currently active in the United States.
The FAB Score Ranking (Fintech Attention Barometer) is a proxy for the size of a private fintech company.
Company | Learn More | FAB Score* | Founded | Funding ($M) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
![]() | Ramp | 864 | 2019 | $1,360 | Apply | NYC | 2 | 29 Aug '21 | 690,000 | $595.0 | $15.0 | |||
![]() | Divvy (Bill.com) | 180 | 2016 | $418 | Apply | Utah | 4 | 29 Aug 2021 | 270,000 | $165.0 | $253.0 | |||
![]() | Rho | 109 | 2018 | $205 | Apply | NYC | 5 | 29 Aug 2021 | 43,000 | $115.0 | $4.9 | |||
![]() | Brex | 649 | 2017 | $1,457 | Apply | SF | 1 | 29 Aug '21 | 1,200,000 | $425.0 | $775.0 | 172000 | ||
![]() | Expensify | 520 | 2008 | $401 | Apply | SF | 3 | 29 Aug 2021 | 1,700,000 | $0.0 | $38.2 | 32000 | ||
![]() | Jeeves | 214 | 2019 | $368 | Apply | NYC | 71,000 | |||||||
![]() | Tribal | 101 | 2016 | $143 | Apply | SF | 6 | 29 Aug 2021 | 4,400 | $34.3 | $9.1 | 370 | ||
![]() | Airbase | 59 | 2017 | $102 | Apply | SF | 77,000 | |||||||
![]() | Bento (US Bank) | 51 | 2014 | $25 | Apply | SF | 9 | 29 Aug 2021 | 94,000 | $0.0 | $18.5 | 21 | 55000 | |
![]() | Karat | 36 | 2019 | $46 | Apply | SF | 7 | 29 Aug 2021 | 11,000 | $26.0 | $4.6 | |||
![]() | Center | 32 | 2018 | $54 | Apply | Seattle | 14 | 29 Aug 2021 | 2,900 | $0.0 | $5.0 | |||
![]() | Lola (Capital One) | 13 | 2015 | $82 | Apply | Boston | 8 | 29 Aug 2021 | 8,200 | $0.0 | $81.7 | |||
![]() | PEX | 13 | 2007 | $4.9 | Apply | NYC | 11 | 29 Aug 2021 | 81,000 | $0.0 | $4.9 | 2540 | 113000 | |
![]() | Teampay | 10 | 2016 | $21 | Apply | NYC | 10 | 29 Aug 2021 | 8,300 | $5.0 | $16.0 | |||
![]() | Profit (was SWIPEDOM) | 4 | 2019 | $0.5 | Apply | NYC | 12 | 29 Aug 2021 | 4,900 | $0.0 | $0.5 | 430 | ||
![]() | ComCard | 4 | 2019 | $1.0 | Apply | LA | 13 | 29 Aug 2021 | 700 | $0.0 | $0.2 | |||
![]() | Dash.fi (was FunnelDash) | 4 | 2016 | $4.0 | Apply | Austin | 15 | 29 Aug 2021 | 8,100 | $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.
Credit & charge cards
FAB Score* | Founded | Funding $M | ||
---|---|---|---|---|
http://fintechlabs.com/wp-content/uploads/2021/12/Murcury-logo-square.jpg | 287 | SF | 2017 | $152 |
http://fintechlabs.com/wp-content/uploads/2022/01/Novo-logo-square.jpg | 277 | NYC | 2016 | $136 |
http://fintechlabs.com/wp-content/uploads/2021/12/Found-logo-square.jpg | 233 | SF | 2019 | $75 |
http://fintechlabs.com/wp-content/uploads/2021/12/Oxygen-logo-square-1.jpg | 187 | SF | 2018 | $24 |
http://fintechlabs.com/wp-content/uploads/2022/01/Rho_Logo_Standard_RGB_Abyss.png | 109 | NYC | 2018 | $205 |
FAB Score* | Founded | Funding $M | ||
---|---|---|---|---|
![]() | Ad | 1999 | 105 | San Diego |
![]() | 368 | 2015 | $682M | Toronto |
![]() | 121 | 2013 | 18.9 | NYC |
![]() | 424 | 2008 | 2500 | Atlanta |
![]() | 241 | 2020 | $470 | NYC |
Company | FAB Score* | Founded | Funding ($M) | |
---|---|---|---|---|
![]() | 864 | 2019 | $1,360 | NYC |
![]() | 180 | 2016 | $418 | Utah |
![]() | 109 | 2018 | $205 | NYC |
![]() | 649 | 2017 | $1,457 | SF |
![]() | 520 | 2008 | $401 | SF |
FAB Score* | Founded | Funding ($M) | ||
---|---|---|---|---|
![]() | 230 | 2016 | $881 | SF |
![]() | 122 | 2017 | $520 | SF |
![]() | 80 | 2017 | $306 | Wash DC |
![]() | 63 | 2005 | $0 | London |
![]() | 39 | 2015 | $142 | SF |