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 (April 2022): 980,000  |  Employees: 317  |  Article citations: 33  |  Linkedin: 84,000 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 22 June 2022)
ranked by FAB score (Fintech Attention Barometer*)

Rank Was Company FAB Score Review Date Founding HQ Funding ($M)*** Visits (Apr '22)
1 1 Ramp 864 8 Jun 2022 2019 NYC $1,360 980,000
2 2 Expensify** 520 8 Jun 2022 2008 SF $401 1,700,000
3 3 Jeeves 214 8 Jun 2022 2019 NYC $368 140,000
4 4 Divvy (Bill.com) 180 8 Jun 2022 2016 Utah $418 300,000
5 5 Tribal Credit 101 8 Jun 2022 2016 SF $143 160,000
6 6 Airbase 59 8 Jun 2022 2017 SF $102 84,000
7 7 Bento for Business (US Bank) 51 8 Jun 2022 2014 SF $25 230,000
8 8 Karat 36 8 Jun 2022 2019 SF $46 55,000
9 9 Center 32 8 Jun 2022 2018 Bellevue, WA $54 16,000
10 10 Lola (Capital One) 13 8 Jun 2022 2015 Boston $82 8,600
11 12 PEX Card 13 8 Jun 2022 2007 NYC $5 96,000
12 13 Teampay 10 8 Jun 2022 2016 NYC $21 30,000
13 (t) 11 Profit (was Swipedom) 4 8 Jun 2022 2019 NYC $1 1,300
13 (t) 14 Comcard 4 8 Jun 2022 2019 LA $0 0
13 (t) 15 Dash.fi (was FunnelDash) 4 8 Jun 2022 2016 Austin $4 7,700

Source: Compiled by FintechLabs, 8 June 2022, from Crunchbase, SEMrush, SimilarWeb
“Was” rank on 23 March 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 = 864 (+64 since Mar 2022)
– HQ: NYC
– Founded: 2019
– Valuation: $8.1B (based on Feb 2022 round) <<< Highest in category
– Raised $1.4B total <<< Highest in category
–  Raised $1.3B since Jan 2021 (Crunchbase) <<< Highest in category
– Website visits (Apr 2022): 140,000 (SimilarWeb)
– Employees: 317 (Pitchbook) <<< Highest in category
– Articles: 33 (Crunchbase)
Linkedin: 34,300 followers (383 employees)
Twitter: 10,600 followers
G2: 4.8 (518 reviews) (no reviews on TrustPilot) <<< Highest in category (tie)

2. Expensify
FAB Score = 520 (+60 since Mar 2022)
– HQ: SF
– Founded: 2008
– Raised $401M ($363 in since Jan 2021) (Crunchbase)
– Market cap: $1.6B (NASDAQ:EXFY)
– Website visits (Apr 2022): 1.7M (SimilarWeb) <<<< Highest in category
– Employees: 144 (Pitchbook)
– Articles: 385 (Crunchbase)
Linkedin: 10,800 followers (194 employees)
Twitter: 15,500 followers
TrustRadius: 8.4 (294 reviews) (Note: TrustPilot scores not valid at this time).

3. Jeeves
FAB Score = 214 (+13 since Mar 2022)
– HQ: NYC
– Founded: 2018
– Raised $368M ($363M since Jan 2021) (Crunchbase)
– Website visits (Apr 2022): 140,000 (SimilarWeb)
– Employees: 148 (Pitchbook)
– Articles: 13 (Crunchbase)
Linkedin: 12,000 followers (190 employees)
Twitter: 2,200 followers
– Trustpilot: 4.0 (17 reviews)

4. Divvy (acquired by Bill.com)
FAB Score = 180 (-8 since Mar 2022)
– HQ: Utah
– Founded: 2016
– Valuation: $2.5B (June 2021 exit)
– Raised $418M ($165M since Jan 2021) (Crunchbase)
– Website visits (Apr 2022): 300,000 (SimilarWeb)
– Employees: 443 (Pitchbook)
– Articles: 76 (Crunchbase)
Linkedin: 26,700 followers (705 employees)
Twitter: 2,400 followers
Trustpilot: 4.0 (193 reviews)

5. Tribal Credit
FAB Score = 101 (+6 since Mar 2022)
– HQ: SF
– Founded: 2016
– Raised $143M ($134M since Jan 2021) (Crunchbase)
– Website visits (April 2022): 160,000 (SimilarWeb)
– Employees: 400 (Pitchbook)
– Articles: 13 (Crunchbase)
Linkedin: 19,200 followers (400 employees)
Twitter: 10,600 followers
– Trustpilot: No reviews

6. Airbase 
FAB Score = 59 (+6 since Mar 2022)
– HQ: SF
– Founded: 2017
– Raised $102M ($71M since Jan 2021) (Crunchbase)
– Website visits (Apr 2022): 84,000 (SimilarWeb)
– Employees: 240 (Pitchbook)
– Articles: 25 (Crunchbase)
Linkedin: 34,000 followers (274 employees)
Twitter: 990 followers
G2: 4.8 (805 reviews) <<< Highest in category (tie)

7. Bento for Business (acquired by US Bank, Aug 2021)
 FAB Score = 51 (+15 since Mar 2022)
– HQ: NYC
– Founded: 2007
– Raised $24.5M ($6M since Jan 2021) (Crunchbase)
– Website visits (Jan 2022): 230,000 (SimilarWeb)
– Employees: 32 (Pitchbook)
– Articles: 42 (Crunchbase)
Linkedin: 1,300 followers (31 employees)
Twitter: 1,100 followers
Trustpilot: 2.8 (100 reviews)

8. Karat
FAB Score = 36 (+6 since Mar 2022)
– HQ: LA
– Founded: 2019
– Raised: $45.6 ($41 since Jan 2021) (Crunchbase)
– Website visits (April 2022): 55,000 (SimilarWeb)
– Employees: 35 (Pitchbook)
– Articles: 3 (Crunchbase)
Linkedin: 2,400 followers (41 employees)
Twitter: 1,200 followers
– Trustpilot: No reviews

9. Center
FAB Score = 32 (+3 since Mar 2022)
– HQ: Bellevue, WA
– Founded: 2016
– Raised $54.3 ($49.3M in last 12 months) (Crunchbase)
– Website visits (April 2022): 16,000 (SimilarWeb)
– Employees: 79 (Linkedin)
– Articles: 2 (Crunchbase)
Linkedin: 1,500 followers (109 employees)
Twitter: 292 followers
G2: 4.6 (208 reviews)

10. Lola (acquired by Capital One, 2021)
FAB Score = 13 (unchanged since Mar 2022)
– HQ: Boston
– Founded: 2018
– Raised $81.7M (prior to 2021) (Crunchbase)
– Website visits (Apr 2022): 8,600 (SimilarWeb)
– Employees: 57 (Pitchbook)
– Articles: 4 (Crunchbase)
Linkedin: 6,600 followers (12 employees)
Twitter: 3,800 followers
Trustpilot: 4.1 (215 reviews)

11. PEX Card
FAB Score = 13 (+5 since Mar 2022)
– HQ: NYC
– Founded: 2007
– Raised $4.9M ($0 in past 12 months) (Crunchbase)
– Website visits (April 2022): 96,000 (SimilarWeb)
– Employees: 91 (Pitchbook)
– Articles: 2 (Crunchbase)
Linkedin: 5,500 followers (91 employees)
Twitter: 3,500 followers
– Trustpilot: No reviews

12. TeamPay
FAB Score = 10 (+4 since Mar 2022)
– HQ: NYC
– Founded: 2016
– Raised $21M (prior to 2021) (Crunchbase)
– Website visitors (April 2022): 30,000 (SimilarWeb)
– Employees: 66 (Pitchbook)
– Articles: 6 (Crunchbase)
Linkedin: 2,900 followers (99 employees)
Twitter: 600 followers
G2 rating: 4.3 (80 reviews)

13 (tie). Profit (was Swipedom)
FAB Score = 4 (-5 since Mar 2022)
– HQ: NYC
– Founded: 2019
– Raised $500k (prior to 2021) (Crunchbase)
– Website visits (Feb 2022): 1,300 (SEMrush)
– Employees: 3 (Pitchbook)
– Articles: 4 (Crunchbase)
Linkedin: 160 followers (6 employees)
Twitter: 10 followers
– Trustpilot: No reviews

13 (tie). Comcard
FAB Score = 4 (unchanged since Mar 2022)
– HQ: LA
– Founded: 2019
– Raised $200k (prior to 2021) (Crunchbase)
– Website visits (Oct 2021): INA
– Employees: 4 (Linkedin)
– Articles: 1 (Crunchbase)
Linkedin: 89 followers
Twitter: 11 followers77
– Reviews: NA

13 (tie). Dash.fi (was FunnelDash)
FAB Score = 4 (+1 since Mar 2022)
– HQ: Austin
– Founded: 2016
– Raised $3.7 ($3.2M since Jan 2021) (Crunchbase)
– Website visits (April 2022): 7,700 (SimilarWeb)
– Employees: 24 (LinkedIn)
– Articles: 0 (Crunchbase)
Linkedin: 222 followers (24 employees)
Twitter: 8,500 followers
G2: 4.6 (62 reviews)


Unranked (focusing on larger businesses and enterprises

Brex 
FAB Score = 649 (unchanged since Mar 2022)
– HQ: SF
– Founded: 2017
– Valuation: $12B (based on Oct 2021 round)
– Raised $1.46B ($725M since Jan 2021) (Crunchbase)
– Website visits (Apr 2022): 900,000 (SimilarWeb)
– Employees: 1,200 (Pitchbook)
– Articles: 278 (Crunchbase)
Linkedin: 84,000 followers (1,230 employees)
Twitter: 10,800 followers
Trustpilot: 4.3 (499 reviews)

Rho
FAB Score = 109 (unchanged since Mar 2022)
– HQ: NYC
– Founded: 2018
– Raised $205M ($200M since Jan 2021) (Crunchbase)
– Website visits (Apr 2022): 26,000 (SimilarWeb)
– Employees: 128 (Pitchbook)
– Articles: 20 (Crunchbase)1300
Linkedin: 3,500 followers (142 employees)
Twitter: 850 followers
– Trustpilot: No reviews