With this release, Spendbase evolves from an expense optimization solution into a comprehensive financial management hub. The new capabilities give companies deeper visibility and control over every dollar spent, enabling them to operate faster, smarter, and more cost-efficiently.
What’s New for Businesses?
Digital Banking
Companies can now:
- Launch operations quickly with a modern digital banking platform
- Instantly open corporate IBANs across the EU and UK
- Make rapid bank transfers via SEPA and Faster Payments
- Set up sub-accounts dedicated to teams, individuals, or projects for better budgeting and oversight
Virtual Cards
The new Virtual Cards feature lets organizations:
- Instantly issue anywhere from 1 to 100 virtual cards
- Define custom spend limits on each card to prevent overspending
- Earn up to 1.5% cashback on purchases
- Enhance payment security with 3D Secure authentication for every transaction
Spend Smarter with Radical Visibility
The launch slogan, “Stop Spending Around,” captures Spendbase’s mission: giving businesses unmatched control over corporate expenses. With advanced tools for team-level, project-level, and individual spend tracking, finance teams can now monitor and optimize every transaction with unprecedented precision.
“Saving money is at the heart of everything we do — not just for our clients, but in our own operations. We’re relentlessly cost-efficient, and now we’re turning that philosophy into products. These tools pay for themselves by helping you spend less. This launch is a major milestone,” said Andrew Alex, CEO of Spendbase.
From Expense Reduction to Complete Spend Control
Spendbase first gained traction by helping businesses eliminate waste in their software and cloud spending. Some mid-sized companies saved as much as $150,000 in their first year on the platform. The company quickly attracted clients like Preply, Lemon.io, MacPaw, Provectus, Happy Monday, and YouScan. Today, more than 800 businesses worldwide rely on Spendbase.
One of the platform’s most distinctive advantages is its performance-based pricing: Spendbase only charges 25% of the savings it delivers. On average, clients save four times more than they pay, aligning the platform’s success directly with customer outcomes.
With Digital Banking and Virtual Cards, Spendbase now offers end-to-end spend management, from procurement through to payment, all in one place.
“We’re not here to replace your bank or existing corporate cards. Each card has its own role in your finance stack. Think of Spendbase as the card dedicated to maximizing savings. It’s a complementary solution laser-focused on eliminating waste,” explained Max Bondarenko, CMO of Spendbase.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
