Swypex offers an all-in-one corporate card and financial management platform that issues an “unlimited” number of employee cards with smart controls, limits, and usage permissions. The platform centralizes receipts, invoices and spending data into a single dashboard with integrations to the government e-invoicing system, ERP and accounting software. It provides analytics and automated expense categorization to give businesses visibility into spend by department, merchant, individual and category. The startup launched a beta to 100 customers after spending its first year securing licenses, compliance and banking partnerships, and it emerged from stealth in late 2023. Swypex generates revenue from interchange fees, float and FX markups, and offers businesses their first three cards for free. The company is targeting a portion of a payments market the founders estimate at over $10 billion, with an expected ~10% CAGR over the next three years.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024