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 Reviewed Founding HQ Funding ($M)
1 Brex 469 29 Aug ’21 2017 SF $1,200
2 Ramp 328 29 Aug ’21 2019 NYC $610
3 Expensify 185 29 Aug ’21 2008 SF $38.2
4 Divvy (Bill.com) 155 29 Aug ’21 2016 Utah $418
5 Rho 62 29 Aug ’21 2018 NYC $120
6 Tribal Credit 19 29 Aug ’21 2016 SF $43.4
7 Karat 18 29 Aug ’21 2019 SF $30.6
8 Lola 16 29 Aug ’21 2015 Boston $81.7
9 Bento for Business 14 29 Aug ’21 2014 SF $18.5
10 TeamPay 8 29 Aug ’21 2016 NYC $21.0
11 PEX Card 4 29 Aug ’21 2007 NYC $4.9
12 Swipedom 3 29 Aug ’21 2019 NYC $0.5
13 Comcard 3 29 Aug ’21 2019 LA $0.2
14 Center 3 29 Aug ’21 2018 Seattle $5.0
15 FunnelDash 0 29 Aug ’21 2016 Austin $0.5

Source: FintechLabs, Crunchbase, SEMrush, SimilarWeb; 29 Aug 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 in 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 = 469
– HQ: SF
– Founded: 2017
– Raised $1.2B ($575M in past 12 months) (Crunchbase)
– Website visits (July 2021): 1.0M (SimilarWeb)
– Employees: 797 (Pitchbook)
– Citations: 219 (Crunchbase)
– Twitter: 7,520 followers
– Trustpilot: 4.7 (424 reviews)

2. Ramp
FAB Score = 328
– HQ: NYC
– Founded: 2019
– Raised $610M ($595M in past 12 months) (Crunchbase)
– Website visits (July 2021): 196,000 (SimilarWeb)
– Employees: 150 (Pitchbook)
– Citations: 3 (Crunchbase)
– Twitter: 5,260 followers
– Capterra: 4.9 (45 reviews) (no reviews on TrustPilot)

3. Expensify
FAB Score = 185
– HQ: SF
– Founded: 2008
– Raised $38.2M ($0 in past 12 months) (Crunchbase)
– Website visits (July 2021): 1.5M (SimilarWeb)
– Employees: 135 (Pitchbook)
– Citations: 342 (Crunchbase)
– Twitter: 15,100 followers
– TrustRadius: 8.6 (257 reviews) (Note: TrustPilot scores not valid at this time).

4. Divvy (acquired by Bill.com 1 June 2021 for $2.5B)
FAB Score = 155
– HQ: Utah
– Founded: 2016
– Raised $418M ($165M in past 12 months) (Crunchbase)
– Website visits (July 2021): 245,000 (SimilarWeb)
– Employees: 443 (Pitchbook)
– Citations: 61 (Crunchbase)
– Twitter: 2,090 followers
– Trustpilot: 4.2 (145 reviews)

5. Rho
FAB Score = 62
– HQ: NYC
– Founded: 2018
– Raised $120M ($100M in 2021) (Crunchbase)
– Website visits (July 2021): 17,000 (SEMrush)
– Employees: 60 (Pitchbook)
– Articles (past 2 years): 20 (Crunchbase)
– Twitter: 712 followers
– Trustpilot: No reviews

6. Tribal Credit
FAB Score = 19
– HQ: SF
– Founded: 2016
– Raised $43.4M ($34.3M in past 12 months) (Crunchbase)
– Website visits (July 2021): 6,500 (SEMRush)
– Employees: 104 (Craft)
– Citations: 7 (Crunchbase)
– Twitter: 1,280 followers
– Trustpilot: No reviews

7. Karat
FAB SCORE = 18
HQ: SF
Founded: 2019
Raised: $30.6M ($26M in last 12 months)
Website visitors (July 2021): 10,600 (SEMrush)
Employees: 19 (Pitchbook)

8. Lola
FAB Score = 16
– HQ: Boston
– Founded: 2018
– Raised $81.7M ($0 in past 12 months) (Crunchbase)
– Website visits (May 2021): 27,000 (SimilarWeb)
– Employees: 66 (Pitchbook)
– Citations: 3 (Crunchbase)
– Twitter: 4,000 followers
– Trustpilot: 4.1 (215 reviews)

9. Bento for Business (acquired by US Bank, Aug 2021)
 FAB Score = 14
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (July 2021): 106,000 (SimilarWeb)
– Employees: 40 (Pitchbook)
– Citations: 41 (Crunchbase)
– Twitter: 1,090 followers
– Trustpilot: 3.1 (95 reviews)

10. TeamPay
FAB Score = 8
– HQ: NYC
– Founded: 2016
– Raised $21M ($5M in last 12 months)
– Website visitors (July 2021): 20,000 (SEMRush)
– Employees: 60 (Pitchbook)
– Articles: 3 (Crunchbase)
– Twitter: 500 followers
– G2 rating: 4.2 (45 reviews)

11. PEX Card
FAB Score = 4
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (July 2021): 96,000 (SimilarWeb)
– Employees: 81 (Pitchbook)
– Articles: 2 (Crunchbase)
– Twitter: 3,500 followers
– Trustpilot: No reviews

15. FunnelDash
FAB Score = 0
– HQ: Austin
– Founded: 2016
– Raised $0.5 ($0 in last 12 months) (Crunchbase)
– Website visits (July 2021): 300 (SEMRush)
– Employees: 29 (Craft.co)
– Citations: 0 (Crunchbase)
– Twitter: 8,640 followers
– Rating: 4.6 (62 reviews per G2, no TrustPilot reviews)