About Crosscard
Crosscard is a company based in London (United Kingdom) founded in 2000 was acquired by HPE Growth in December 2019.. Crosscard offers products and services including Expense Management, Virtual Business Debit Mastercards, Wallet, Assistance, and Payout. Crosscard operates in a competitive market with competitors including Ramp, Navan, Brex, Payoneer and Ebury, among others.
- Headquarter London, United Kingdom
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Sectors
TechnologyFinancial Services Travel & Hospitality
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Email
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Phone
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Website
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- Legal Name Crosscard Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
HPE Growth
(Dec 20, 2019)
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Products & Services of Crosscard
Crosscard offers a comprehensive portfolio of products and services, including Expense Management, Virtual Business Debit Mastercards, Wallet, Assistance, and Payout. 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 managing corporate expenses with real-time monitoring.
Virtual cards for secure online payments and fund management.
Central hub to track cards and balances efficiently.
Service for providing funds to employees on the road.
Tool for quick payments to employees and partners.
Solution for issuing bonus payments via debit cards.
Funding Insights of Crosscard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Crosscard
Crosscard has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include HPE Growth. 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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Digital and technology-based companies are invested in by HPE Growth.
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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 Crosscard
| 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 - Crosscard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Crosscard Comparisons
Competitors of Crosscard
Crosscard 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 Ramp, Navan, Brex, Payoneer and Ebury, 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 |
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Crosscard
When was Crosscard founded?
Crosscard was founded in 2000.
Where is Crosscard located?
Crosscard is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Crosscard?
Philipp Nieland is the current CEO of Crosscard.
What does Crosscard do?
Crosscard offers cross-border money transfer solutions for individuals and businesses. The platform enables B2B payments utilising virtualphysical card accounts and domestic bank accounts. Offers five different solutions for businesses. The company provides Crosscard Assistance that facilitates global money transfers for fleet management and emergency and insurance industry, Crosscard Expenses for businesses that provides expense management of employees travel and business spending. Also offers Crosscard Payout that is mass payout solution for businesses, Crosscard Purchase for purchase management and Crosscard Reward for offering loyalty schemes to customers. For individuals, it allows them to receive and send money via the platform. Allows money transfers to around 250 countries and in over 130 currencies.
What products or services does Crosscard offer?
Crosscard offers Expense Management, Virtual Business Debit Mastercards, Wallet, Assistance, and 2 more products and services.
Who are Crosscard's investors?
Crosscard has 1 investor. Key investors include HPE Growth.
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