CleverCards

Established in 2011 by CEO Kealan Lennon and based in Dublin, Ireland, KPTRS Investments Ltd. , doing business as CleverCards, offers solutions that enable businesses to instantly issue, configure, and manage digital Mastercards through an online portal, streamlining the process of managing business expenses and employee allowances. In June 2024, KPTRS Investments Ltd. raised EUR 8 million in venture funding led by investor Pluxee Group.

CleverCards' primary offerings include Business Expense Mastercards: These cards allow businesses to manage and control expenses effectively. Administrators can set spending limits, expiration dates, and specific usage parameters, ensuring that funds are used appropriately. The platform also provides real-time visibility and insights into spending patterns, facilitating better financial oversight and decision-making. Employee Benefit Mastercards: Designed to streamline the distribution of employee benefits, these cards can be issued and sent to employees instantly via email.

The platform allows employees to add CleverCard Mastercard to digital wallets like Apple Pay and Google Pay for online or in-store purchases worldwide. Employee Allowances: CleverCards also caters to businesses looking to provide tax-free allowances to their employees. These digital Mastercards simplify the process of distributing allowances, eliminating the need for manual processes and reducing administrative burdens. The company will use the June 2024 funding to support its growth objectives and quicken its expansion efforts.