Mastercard
Mastercard

Danish fintech Cardlay is looking to expand its international footprint, unveiling a new partnership with Mastercard Europe

The collaboration builds upon the continued progress of Cardlay with it gaining $10 million in new funding in October 2019 and landed a Nordic partnership with Eurocard.

Cardlay founder and CEO, Jørgen Christian Juul commented: “With the Mastercard Europe partnership, we expect our solution to be built into as many as 10 million corporate cards over the next two years via the card issuers. In the short run, we aim at having agreements in place with 10 banks with at least 500,000 customers in their card portfolio each. We are already well into the negotiations with three banks. 

“Working closely with Mastercard is a testament to our vision to enrich all transactions for the future of banking and finance. Our platform is championing a culture of collaboration throughout the industry, enabling us to provide a better customer experience to corporate cardholders.”

Mastercard has outlined that it has selected European issuers in its partner network. Cardlay’s proprietary technology offers commercial card issuers a number of innovative, digital solutions to support clients and corporate cardholders, and eliminates the need for in-house builds or designs that cannot be scaled.

Cardlay is already partnering with Eurocard in four Nordic countries, and is adeptly servicing large international portfolios in multiple countries, with multiple languages, and across a suite of services.

Cardlay’s Card Management platform places a deepened focus on providing a user-friendly interface to issue, load and manage corporate cards and virtual cards in real-time. 

The platform also offers an intuitive expense management solution, capturing key data and allowing the digital upload of receipts, while also enabling expenses to flow directly into Cardlay’s VATTAX solution, which seamlessly processes cross-border VAT reclaim for clients.