With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, 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!

Here is a list of the 15 challenger business credit cards currently active in the United States. The top 10 are profiled after that.

Rank  Company FAB Score*   Founded   HQ Funding   ($M) Visits     (5/21)
1 Brex 390 2017 SF $1,200 750,000
2 Expensify** 132 2008 SF $38.2 1,060,000
3 Divvy (Bill.com) 128 2016 Utah $418 182,000
4 Ramp 125 2019 NYC $310 162,000
5 Rho*** 42 2018 NYC $120 5,200
6 Lola 18 2015 Boston $81.7 22,200
7 Tribal Credit 15 2016 SF $43.4 17,200
8 Bento for Business 13 2014 SF $18.5 87,000
9 PEX Card 6 2007 NYC $4.9 111,000
10 FunnelDash 6 2016 Austin $0.5 46,500
11 Teampay 6 2016 NYC $21.0 5,600
12 Karat 5 2019 SF $4.6 4,800
13 Swipedom 3 2019 NYC $0.5 0
14 Center 3 2018 Seattle $5.0 370
15 Comcard 3 2019 LA $0.2 0

Source: FintechLabs, Crunchbase, SEMrush, SimilarWeb; 16 June 2021

Notes:
*FAB score = Fintech Attention Barometer, a proprietary measure calculated by Fintech Labs.
**Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019.
***Rho, a challenger bank, is the newest entrant, launching a charge card last month (13 May 2021)

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).


Top 10 Challenger SMB Charge Cards Currently Active in the United States

1. Brex
FAB Score = 390
– HQ: SF
– Founded: 2017
– Raised $1.2B ($575M in past 12 months) (Crunchbase)
– Website visits (May 2021): 750,000 (SimilarWeb)
– Employees: 634 (Pitchbook)
– Citations: 188 (Crunchbase)
– Twitter: 6,280 followers
– Trustpilot: 4.8 (403 reviews)

2. Expensify
FAB Score = 132
– HQ: SF
– Founded: 2008
– Raised $38.2M ($0 in past 12 months) (Crunchbase)
– Website visits (May 2021): 1.1M (SimilarWeb)
– Employees: 130 (Pitchbook)
– Citations: 340 (Crunchbase)
Twitter: 15,100 followers
TrustRadius: 8.8 (236 reviews) (Note: TrustPilot scores not valid at this time).

3. Divvy (acquired by Bill.com 1 June 2021 for $2.5B)
FAB Score = 128
– HQ: Utah
– Founded: 2016
– Raised $418M ($165M in past 12 months) (Crunchbase)
– Website visits (May 2021): 182,000 (SimilarWeb)
– Employees: 443 (Pitchbook)
– Citations: 61 (Crunchbase)
Twitter: 2,100 followers
Trustpilot: 4.4 (138 reviews)

4. Ramp
FAB Score = 125
– HQ: NYC
– Founded: 2019
– Raised $310M ($295M in past 12 months) (Crunchbase)
– Website visits (May 2021): 162,000 (SimilarWeb)
– Employees: 84 (Pitchbook)
– Citations: 2 (Crunchbase)
Twitter: 4,120 followers
Capterra: 5.0 (43 reviews) (no reviews on TrustPilot)

5. Rho
FAB Score = 42
– HQ: NYC
– Founded: 2018
– Raised $120M ($100M in 2021) (Crunchbase)
– Website visits (May 2021): 5,200 (SEMRush)
– Employees: 32 (Pitchbook)
– Citations: 18 (Crunchbase)
Twitter: 710 followers
– Trustpilot: No reviews

6. Lola
FAB Score = 18
– HQ: Boston
– Founded: 2018
– Raised $81.7M ($0 in past 12 months) (Crunchbase)
– Website visits (May 2021): 22,200 (SimilarWeb)
– Employees: 67 (Pitchbook)
– Citations: 3 (Crunchbase)
Twitter: 4,000 followers
Trustpilot: 4.1 (26 reviews)

7. Tribal Credit
FAB Score = 15
– HQ: SF
– Founded: 2016
– Raised $43.4M ($34.3M in past 12 months) (Crunchbase)
– Website visits (May 2021): 17,200 (SEMRush)
– Employees: 75 (Owler)
– Citations: 7 (Crunchbase)
Twitter: 990 followers
– Trustpilot: No reviews

8. Bento for Business
FAB Score = 6
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (May 2021): 87,000 (SimilarWeb)
– Employees: 29 (Pitchbook)
– Citations: 18 (Crunchbase)
Twitter: 710 followers
Trustpilot: 4.0 (94 reviews)

9. PEX Card
FAB Score = 42
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (May 2021): 111,000 (SimilarWeb)
– Employees: 74 (Pitchbook)
– Citations: 1 (Crunchbase)
Twitter: 3,510 followers
– Trustpilot: No reviews

10. FunnelDash
FAB Score = 6
– HQ: Austin
– Founded: 2016
– Raised $0.5 ($0 in last 12 months) (Crunchbase)
– Website visits (May 2021): 46,500 (SimilarWeb)
– Employees: 23 (Craft.co)
– Citations: 18 (Crunchbase)
Twitter: 8,680 followers
– Rating: 4.6 (62 reviews per G2, no TrustPilot score)