Danish card management platform Cardlay raises $4 million

Fintech startup Cardlay has raised $4 million along and has announced the release of its card management platform. The investors have not been named.

With its new funds, the Danish startup plans to form new partnerships with banks that will use its front-end platform for managing corporate customer accounts.

According to the startup, its platform automates about 50% of handling resources along with process management features like expense and travel management, financial forecasting, and VAT retrievement.

“We at Cardlay want to provide end users with a great intuitive front-end to connect with top tier banks and provide them with a much-needed digital tool to automate processes of corporate account management,” explained CEO Joergen Christian Juul. “Using Cardlay as a front-end card platform, banks can easily provide added value to their customers in order to retain them and ultimately create whole new revenue streams from digital services.”