This fintech configures expense cards to block misuse — and investors just backed it with millions [MSNBC.com]
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Source: MSNBC.com
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies control over how their employees use their corporate payment cards.According to a2016 global surveyThese requests, though odd, reflect a tough reality for many companies when it comes to corporate expenses: sometimes they can't trust an employees' judgment.CleverCards CEO Kealan Lennon says his platform aims to tackle exactly that.Rather than handing employees corporate credit cards they can go out and use for purchases anywhere in the world, CleverCards allows businesses to der prepaid cards that can be configured to only be used by certain members of staff and block certain transactions if they're viewed as inappropriate."Busi
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