Using our card issuing partner’s API, we provide digital and physical credit cards for clubs and university affiliated organizations based in Canada. This is a financial sector that is being largely ignored, and has a high barrier to entry from non students.
We are disrupting the current method for managing finances in these organizations by completely eliminating the reimbursement process and using a centralized platform to make payments and visualize financial standing.
This transforms the reliance on student’s private funds to finance the organization’s expenses into a system that has clear definitions. What sets our company apart is our underwriting process. Since our target clients have a customer behaviour very similar to debit card users, the risk for issuing credit cards with high limits is low. This is due to the fact that the responsible managers for the finances tend to spend less than the total amount held by the organization, resulting in a default rate that is almost negligible.
Using our web and phone apps, our customers have complete control of their expenses. The person responsible for the finances in an organization has the option to control the types of payments that their card can support. As an example, a club can allow for their card to only be usable for groceries and block all the online payments. Furthermore, our mobile apps will be integrated with mobile wallets, creating an efficient way of delegating expenses with digital cards while keeping a high level of security.