Australian FinTech Zeller has added corporate cards to its financial services ecosystem.
“Zeller Corporate Cards cater to a broad audience, spanning from small business owners to CFOs, accountants and bookkeepers, meeting the needs of both small enterprises and larger businesses,” Ben Pfisterer, CEO and co-founder of Zeller, said in the release.
These corporate cards can be used for individual day-to-day expenses, in standalone projects to consolidate expenditure, within departments or teams, being issued to clients, or to track and manage expenses across different business locations, according to the release.
Zeller Corporate Cards allow users to issue a virtual card instantly or order a physical card, set transaction limits and automate recurring budgets to renew at specified intervals, the release said.
They also enable attaching notes, receipts and invoices to expenses; managing budgets at a project or team level; and tracking expenses and cash balance in real-time, per the release.
“Crafted with the end-user in focus, Zeller Corporate Cards go beyond traditional expense management, providing seamless control over team expenses, simplified spending tracking and reconciliations,” Pfisterer said in the release. “This aims to improve how they manage, track and automate team and project expenses.
These corporate cards join Zeller’s unified system that gives business owners a real-time view of every financial interaction, according to the press release. They can be managed alongside electronic funds transfer at point of sale (EFTPOS), online invoicing, transaction accounts and debit cards in a centralized account.
Zeller started out by offering three financial products every business needs — payments, accounts and cards — and delivering them with only one signup, Pfisterer told PYMNTS in an interview posted in March 2022.
“We started the business by saying, ‘What does everyone need?’” Pfisterer said. “And what everyone needs, in our view, was three products: to get money in, to store money somewhere and then to put it to work as fast as possible.”
In March 2022, Zeller became a unicorn when it raised $100 million in a Series B funding round that gave it a $1 billion valuation. Two years old at the time, the startup had raised more than $181 million since June 2020.