About Cardlay
Cardlay is a company based in Odense (Denmark) founded in 2016 by Jorgen Christian Juul.. Cardlay has raised $41.94 million across 7 funding rounds from investors including SEED Capital, SEB Venture Capital and Thorleif Krarup. The company has 47 employees as of December 31, 2022. Cardlay offers products and services including White-label Platform, Expense Modules, and Card Management. Cardlay operates in a competitive market with competitors including Spiir, Horizonbudget, Softurion, Budgetos and InvoicePero, among others.
- Headquarter Odense, Denmark
- Employees 47 as on 31 Dec, 2022
- Founders Jorgen Christian Juul
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cardlay A/S
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Annual Revenue
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Net Profit
$-2.45 M (USD)64as on Dec 31, 2023
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EBITDA
$-3.04 M (USD)60as on Dec 31, 2023
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Total Equity Funding
$41.94 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Series B
Feb 08, 2022
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Investors
SEED Capital
& 7 more
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Employee Count
47
as on Dec 31, 2022
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Products & Services of Cardlay
Cardlay offers a comprehensive portfolio of products and services, including White-label Platform, Expense Modules, and Card Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for corporate card and expense management integrations.
Tools for tracking and reconciling business expenses securely.
System for issuing and controlling virtual and physical cards.
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Funding Insights of Cardlay
Cardlay has successfully raised a total of $41.94M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $6.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Cardlay | Valuation |
investors |
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| Apr, 2021 | Amount | Series B - Cardlay | Valuation | Torben Frigaard Rasmussen |
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| Nov, 2019 | Amount | Series B - Cardlay | Valuation | Seed Capital , SEB Venture Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cardlay
Cardlay has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include SEED Capital, SEB Venture Capital and Thorleif Krarup. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backing Nordic tech startups from seed to Series A with investments in Consumer, Deep Tech, and related sectors.
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Founded Year | Domain | Location | |
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Venture capital firm backed by SEB group
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cardlay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cardlay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cardlay Comparisons
Competitors of Cardlay
Cardlay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spiir, Horizonbudget, Softurion, Budgetos and InvoicePero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Expenses are tracked automatically and budgets are created for individuals.
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| domain | founded_year | HQ Location |
Offers a cloud-based platform for effective budget management.
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| domain | founded_year | HQ Location |
Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad.
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| domain | founded_year | HQ Location |
A cloud-based platform for efficient expense management and tracking.
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| domain | founded_year | HQ Location |
Provides online invoicing software for small businesses and freelancers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cardlay
Frequently Asked Questions about Cardlay
When was Cardlay founded?
Cardlay was founded in 2016.
Where is Cardlay located?
Cardlay is headquartered in Odense, Denmark.
Who is the current CEO of Cardlay?
Jorgen Christian Juul is the current CEO of Cardlay. They have also founded this company.
Is Cardlay a funded company?
Cardlay is a funded company, having raised a total of $41.94M across 7 funding rounds to date. The company's 1st funding round was a Series B of $15.5M, raised on Jun 01, 2016.
How many employees does Cardlay have?
As of Dec 31, 2022, the latest employee count at Cardlay is 47.
What does Cardlay do?
Cardlay was founded in 2016 in Odense, Denmark, and operates in the fintech sector. White label solutions for corporate cards are offered to banks and card issuers, including tools for issuing, loading, and managing cards. Card management services are provided for corporate customers and their employees. Additional features encompass KYC processes, customer identification, travel expense management, VAT computation, and ERP integration.
Who are the top competitors of Cardlay?
Cardlay's top competitors include Spiir, Horizonbudget and Softurion.
What products or services does Cardlay offer?
Cardlay offers White-label Platform, Expense Modules, and Card Management.
Who are Cardlay's investors?
Cardlay has 8 investors. Key investors include SEED Capital, SEB Venture Capital, Thorleif Krarup, Klaus Holse, and Herbert Nathan.
What is Cardlay's valuation?
The valuation of Cardlay is $22.61M as of Feb 2022.