In less than 5 years, the corporate charge card market (see definition below) has seen the launch of 3 major digital players (Ramp in 2019, Brex in 2017, and Divvy in 2016) that are already multi-unicorns. In addition, Expensify (founded in 2008), went public late last year and is now worth $1.5B (though it was valued at nearly $5B shortly after its 10 Nov 2021 IPO).

Below is a list of the 17 challenger business credit cards currently active in the United States. Two have been acquired by large banks in 2021 (Capital One bought Lola, and US Bancorp acquired Bento for Business) and will stay on this list as long as they operate as independent brands.

Challenger of the Month

ramp charge card logo

Website  |  HQ: NYC  |  Founded: 2019  |  Valuation: $8.1B  |  Raised: $1.4B (including $750M in 2022)  |  Website visits (Jan 2022): 660,000  |  Employees: 264  |  Article citations: 25  |  Linkedin: 27,000 followers

NEW: Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15) | SMB charge cards/expense management (16) | Billpay & invoicing (16)| Payment processors (7) | Subscription processors (7) | SMB digital accounting/bookkeeping (21) | Equity crowdfunding (7)

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


Leading USA Digital Small Business Charge Cards (updated 3 Feb 2022)
ranked by FAB score (Fintech Attention Barometer*)

Rank Was Company FAB Score Updated (2022) Founded HQ Funding ($M) Visits (Jan '22)
1 3 Ramp 800 23 Mar 2019 NYC $1,360 660,000
2 1 Brex 649 23 Mar 2017 SF $1,457 900,000
3 2 Expensify 460 23 Mar 2008 SF $401 1,400,000
4 6 Jeeves 201 23 Mar 2019 NYC $368 76,000
5 4 Divvy (Bill.com) 188 23 Mar 2016 Utah $418 340,000
6 5 Rho 109 23 Mar 2018 NYC $205 26,000
7 8 Tribal Credit 95 23 Mar 2016 SF $143 130,000
8 7 Airbase 53 23 Mar 2017 SF $91 84,000
9 11 Bento for Business(US Bank) 36 23 Mar 2014 SF $19 170,000
10 10 Karat 30 23 Mar 2019 SF $46 23,000
11 9 Center 29 23 Mar 2018 Seattle $54 1,900
12 12 Lola (Capital One) 13 23 Mar 2015 Boston $82 9,100
13 15 Profit (was Swipedom) 9 23 Mar 2019 NYC $1 26,000
14 13 PEX Card 8 23 Mar 2007 NYC $5 70,000
15 14 Teampay 6 23 Mar 2016 NYC $21 12,000
16 15 Comcard 4 23 Mar 2019 LA $0 ina
17 15 Dash.fi (was FunnelDash) 3 23 Mar 2016 Austin $4 ina

Source: Compiled by FintechLabs, 23 Mar 2022, from Crunchbase, SEMrush, SimilarWeb
“Was” rank on 3 Feb 2022

Notes:

*FAB score = Fintech Attention Barometer, a proprietary measure of company size calculated by Fintech Labs. Inputs primarily include funding, website traffic and employee count.
**Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019.
***Funding includes both equity and debt amounts (millions of U.S. dollars)

Definition: Charge cards require the balance to be paid in full each month; credit cards allow the balance to be rolled over, often at a relatively high interest rate).


Profiles: Challenger SMB Charge Card Issuers (as of 23 Mar 2022)

1. Ramp
FAB Score = 800
– HQ: NYC
– Founded: 2019
– Valuation: $8.1B (based on Feb 2022 round)
– Raised $1.4B total
–  Raised $1.3B since Jan 2021 (Crunchbase) <<< Highest in category
– Website visits (Jan 2022): 660,000 (SimilarWeb)
– Employees: 264 (Pitchbook)
– Articles: 25 (Crunchbase)
Linkedin: 26,700 followers (299 employees)
Twitter: 9,600 followers
G2: 4.8 (409 reviews) (no reviews on TrustPilot) <<< Highest in category (tie)

2. Brex
FAB Score = 649
– HQ: SF
– Founded: 2017
– Valuation: $12B (based on Oct 2021 round) <<< Highest in category
– Raised $1.46B ($725M since Jan 2021) (Crunchbase) <<< Highest in category
– Website visits (Jan 2022): 900,000 (SimilarWeb)
– Employees: 1,000 (Pitchbook) <<< Highest in category
– Articles: 257 (Crunchbase)
Linkedin: 74,700 followers (1,100 employees)
Twitter: 9,700 followers
Trustpilot: 4.4 (455 reviews)

3. Expensify
FAB Score = 460
– HQ: SF
– Founded: 2008
– Market cap: $3.5B (NASDAQ:EXFY)
– Raised $401M ($363 in since Jan 2021) (Crunchbase)
– Market cap: $1.5B (NASDAQ:EXFY)
– Website visits (Jan 2022): 1.4M (SimilarWeb) <<<< Highest in category
– Employees: 140 (Pitchbook)
– Articles: 379 (Crunchbase)
Linkedin: 10,500 followers (189 employees)
Twitter: 15,500 followers
TrustRadius: 8.3 (290 reviews) (Note: TrustPilot scores not valid at this time).

4. Jeeves
FAB Score = 201
– HQ: NYC
– Founded: 2018
– Raised $368M ($363M since Jan 2021) (Crunchbase)
– Website visits (Jan 2022): 76,000 (SimilarWeb)
– Employees: 128 (Pitchbook)
– Articles: 10 (Crunchbase)
Linkedin: 8,500 followers (146 employees)
Twitter: 2,000 followers
– Trustpilot: 3.1 (but only 5 reviews)

5. Divvy (acquired by Bill.com)
FAB Score = 188
– HQ: Utah
– Founded: 2016
– Valuation: $2.5B (June 2021 exit)
– Raised $418M ($165M in past 12 months) (Crunchbase)
– Website visits (Jan 2022): 340,000 (SimilarWeb)
– Employees: 443 (Pitchbook)
– Articles: 74 (Crunchbase)
Linkedin: 23,800 followers (662 employees)
Twitter: 2,300 followers
Trustpilot: 3.5 (164 reviews)

6. Rho
FAB Score = 109
– HQ: NYC
– Founded: 2018
– Raised $205M ($200M since Jan 2021) (Crunchbase)
– Website visits (Jan 2022): 26,000 (SimilarWeb)
– Employees: 80 (Pitchbook)
– Articles: 20 (Crunchbase)
Linkedin: 3,000 followers (123 employees)
Twitter: 840 followers
– Trustpilot: No reviews

7. Tribal Credit
FAB Score = 95
– HQ: SF
– Founded: 2016
– Raised $143M ($134M since Jan 2021) (Crunchbase)
– Website visits (Jan 2022): 130,000 (SimilarWeb)
– Employees: 276 (Pitchbook)
– Articles: 12 (Crunchbase)
Linkedin: 16,000 followers (323 employees)
Twitter: 9,400 followers
– Trustpilot: No reviews

8. Airbase 
FAB Score = 53 
– HQ: SF
– Founded: 2017
– Raised $90.5M ($60M since Jan 2021) (Crunchbase)
– Website visits (Jan 2022): 84,000 (SimilarWeb)
– Employees: 240 (Pitchbook)
– Articles: 25 (Crunchbase)
Linkedin: 33,000 followers (252 employees)
Twitter: 920 followers
G2: 4.8 (358 reviews) <<< Highest in category (tie)

9. Bento for Business (acquired by US Bank, Aug 2021)
 FAB Score = 36
– HQ: NYC
– Founded: 2007
– Raised $4.9M (prior to 2021) (Crunchbase)
– Website visits (Jan 2022): 170,000 (SimilarWeb)
– Employees: 40 (Pitchbook)
– Articles: 42 (Crunchbase)
Linkedin: 1,300 followers
Twitter: 1,090 followers
Trustpilot: 2.8 (100 reviews)

10. Karat
FAB Score = 30
– HQ: LA
– Founded: 2019
– Raised: $45.6 ($41 in last 12 months) (Crunchbase)
– Website visits (Feb 2022): 23,000 (SEMrush)
– Employees: 29 (Pitchbook)
– Articles: 3 (Crunchbase)
Linkedin: 2,100 followers (35 employees)
Twitter: 980 followers
– Trustpilot: No reviews

11. Center
FAB Score = 29
– HQ: Bellevue, WA
– Founded: 2016
– Raised $54.3 ($49.3M in last 12 months) (Crunchbase)
– Website visits (Feb 2022): 1,900 (SEMrush)
– Employees: 79 (Linkedin)
– Articles: 2 (Crunchbase)
Linkedin: 1,400 followers (97 employees)
Twitter: 295 followers
G2: 4.6 (176 reviews)

12. Lola (acquired by Capital One, 2021)
FAB Score = 13
– HQ: Boston
– Founded: 2018
– Raised $81.7M (prior to 2021) (Crunchbase)
– Website visits (Feb 2022): 9,100 (SEMrush)
– Employees: 57 (Pitchbook)
– Articles: 4 (Crunchbase)
Linkedin: 6,600 followers
Twitter: 3,900 followers
Trustpilot: 4.1 (215 reviews)

13. Profit (was Swipedom)
FAB Score = 9
– HQ: NYC
– Founded: 2019
– Raised $500k (prior to 2021) (Crunchbase)
– Website visits (Feb 2022): 26,000 (SEMrush)
– Employees: 3 (Pitchbook)
– Articles: 4 (Crunchbase)
Linkedin: 143 followers (4 employees)
Twitter: 8 followers
– Trustpilot: No reviews

14. PEX Card
FAB Score = 8
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (Oct 2021): 70,000 (SimilarWeb)
– Employees: 86 (Pitchbook)
– Articles: 3 (Crunchbase)
Linkedin: 4,700 followers (90 employees)
Twitter: 3,500 followers
– Trustpilot: No reviews

15. TeamPay
FAB Score = 6
– HQ: NYC
– Founded: 2016
– Raised $21M (prior to 2021) (Crunchbase)
– Website visitors (Feb 2022): 12,000 (SEMRush)
– Employees: 66 (Pitchbook)
– Articles: 6 (Crunchbase)
Linkedin: 2,600 followers (84 employees)
Twitter: 590 followers
G2 rating: 4.3 (61 reviews)

16. Comcard
FAB Score = 4
– HQ: LA
– Founded: 2019
– Raised $200k (prior to 2021) (Crunchbase)
– Website visits (Oct 2021): INA
– Employees: 3 (Linkedin)
– Articles: 1 (Crunchbase)
Linkedin: 87 followers
Twitter: 11 followers
– Reviews: NA

17. Dash.fi (was FunnelDash)
FAB Score = 3
– HQ: Austin
– Founded: 2016
– Raised $3.7 ($3.2M since Jan 2021) (Crunchbase)
– Website visits: INA
– Employees: 29 (Craft.co)
– Citations: 0 (Crunchbase)
Linkedin: 177 followers (28 employees)
Twitter: 8,600 followers
G2: 4.6 (62 reviews)