Deserve, a fintech company transforming credit cards into software that lives on mobile and in the cloud, has announced that it is revolutionizing the commercial credit card category by offering the first of its kind platform that empowers banks and B2B companies to launch corporate credit and charge cards.
The Deserve Commercial Credit Card Platform is designed to help companies of all sizes, from banks and online lenders to fintechs and marketplace businesses, to create credit and charge cards for their business customers. With instant issuance and digital wallet provisioning, the frictionless and smooth digital application allows approved cardholders to start using their cards within minutes. Deserve also provides enterprise-level controls, making it easy for CFOs to track, manage, and understand expenses.
Deserve’s platform will enable commercial card programs on either a white-label basis, or by fully embedding into partners’ digital capabilities through APIs and SDKs. With instant issuing, configurable underwriting, business owner control over employee card assignments, easy visualization of spend categories and trends, and precise control over employee spending, Deserve’s partners can launch and provide industry-leading commercial credit cards in a matter of months and through a single contract with Deserve.
“We are extending our digital, cloud-native, mobile-first platform from consumer cards to commercial. With this, we will enable any financial institution or platform that serves other businesses to embed and issue commercial credit cards. For non-banks, this can be a significant source of revenue and can enhance brand loyalty,” said Kalpesh Kapadia, CEO and co-founder of Deserve. “Our platform will enable those who serve small and medium-size businesses and corporations to offer true credit combined with sophisticated expense management. We are thrilled to have Customers Bank as the first bank on our platform.”
“When we were approached by Deserve about partnering to help bring this innovative new platform to the small business sector, we could not pass up the opportunity,” said Sam Sidhu, President and CEO of Customers Bank. “Together with Deserve, we are looking forward to offering an exciting and valuable product to our small business customers, combining credit with powerful expense management.”
