Inbanx, Inc.

Founded in 2021 and based in Texas, US, Inbanx, Inc. operates as a provider of financial software that primarily helps users manage card programs by offering solutions including budgeting, card management, expense reporting, and automating accounts payable. Rob Kaczmarek (CEO) and Steve Burt (CFO) are the co-founders of the company. In April 2023, Inbanx, Inc.

raised USD 3. 55 million in seed funding from Castle Creek Capital Partners, including Social Leverage Capital, valuing the company at USD 8. 14 million post-money. The company offers a full platform that includes budgeting, card management, spending reporting, and accounts payable automation.

The budgeting tool gives real-time control, preventing overpaying and providing visibility into spending as it occurs. The card management system streamlines the process of handling employee cards, making it simple to manage cards for numerous employees. The expense reporting module minimises reporting lag, allowing firms to regulate their spending in real time. Finally, the accounts payable automation function streamlines procedures and maximizes revenue-generating opportunities for vendors.

The organization plans to use the April 2023 funding to support its plans for strengthening its connections with banks, serving more companies, and enhancing the services it offers to banks' corporate clients.