Spensbase Revolutionizes Business Expenses with Digital Banking Solutions
Spensbase, a pioneering developer in spending management, has taken a significant step by launching its digital banking services and virtual cards. This innovative approach aims to empower businesses with greater transparency and control over their expenses, particularly in software and cloud services.
About Spensbase
Founded in 2023, Spensbase began its journey focused on minimizing costs associated with software and cloud solutions. The platform quickly earned the trust of notable companies including Facely, Lemon.io, and MacPaw. Currently, Spensbase enables organizations to save between $500,000 to $1 million annually, serving over 800 businesses globally.
New Digital Banking Services
The introduction of Spensbase’s digital banking services allows businesses to operate more efficiently. Basic users can now:
- Launch their business swiftly using modern online banking facilities;
- Open immediate IBAN accounts in the EU and the United Kingdom;
- Execute rapid banking transfers through SEPA and faster payment methods;
- Enhance financial control with sub-accounts for different services, employees, or projects.
Enhanced Functionality with Virtual Cards
Spensbase’s virtual card feature introduces unprecedented control over spending. Businesses can now:
- Issue between 1 to 100 cards per organization;
- Set expenditure limits for each card individually;
- Benefit from a 1.5% cashback on expenditures;
- Ensure transaction safety through 3DS identification methods.
Comprehensive Expense Control
With the launch of its digital bank and virtual cards, Spensbase guarantees comprehensive monitoring and transparency of business expenses—from the point of payment throughout the entire transaction process. This oversight is crucial for companies aiming to optimize their expenditure.
Complementing Your Financial Strategy
According to Maksym Bondarenko, CMO of Spensbase, “Our goal is not to replace existing banking solutions, but to complement them. Each card serves different purposes, and Spensbase serves as a tool to help businesses save the most, acting as an extension of their financial strategy.”