Expensify Launches Unlimited Virtual Cards for Businesses

Expensify introduces unlimited virtual cards through its Visa Commercial Card, offering businesses flexible spend limits and control over expenses. The feature allows customers to issue virtual cards, set limits, and track expenses within the Expensify platform.

Nitish Verma
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Expensify Launches Unlimited Virtual Cards for Businesses

Expensify Launches Unlimited Virtual Cards for Businesses

Expensify, Inc. (Nasdaq: EXFY), a financial management super app, has introduced unlimited virtual cards through the Expensify Visa Commercial Card, offering businesses unparalleled flexibility and control over expenses. This new feature allows customers to set fixed or monthly spend limits for each card, ideal for managing one-time and recurring expenses.

Why this matters: This development has significant implications for businesses seeking to optimize their expense management processes, as it enables them to better track and control their spending. By providing greater flexibility and control, Expensify's unlimited virtual cards can help businesses make more informed financial decisions and improve their overall financial health.

The unlimited virtual cards provide a clear overview of expenses within the Expensify platform. Customers can issue as many virtual cards as needed, eliminating the need for physical cards. The customizable spend limits and ability to name each virtual card make it easy for businesses to categorize and track purchases.

"Managing costs is front and center for every business right now, so being able to manage both one-time and ongoing expenses such as subscriptions and memberships is crucial. Expensify's new unlimited virtual cards are a game-changer, offering our members unprecedented control and flexibility," said David Barrett, Founder and CEO of Expensify.

All Expensify customers can start using unlimited virtual cards immediately. Admins can initiate the process by opening Expensify, navigating to the Home page, and locating the new task to issue virtual cards.

Expensify helps over 12 million people worldwide track expenses, reimburse employees, manage corporate cards, send invoices, pay bills, and book travel. The Expensify Visa Commercial Card is issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The launch of unlimited virtual cards marks a significant step forward for Expensify in empowering businesses with enhanced control and flexibility over their expenses. With customizable spend limits and an intuitive naming feature, companies can streamline their expense management processes and gain real-time visibility into their spending.

Key Takeaways

  • Expensify introduces unlimited virtual cards for enhanced spend management.
  • Virtual cards offer customizable spend limits and naming feature.
  • Feature enables businesses to track and control expenses more effectively.
  • Unlimited virtual cards available to all Expensify customers immediately.
  • Expensify's new feature empowers businesses with real-time visibility into spending.