Spendbase has unveiled a new suite of financial tools, introducing digital banking and virtual cards to help businesses gain deeper control over their corporate spending.
The move positions the spend management platform beyond its expense optimisation origins and towards becoming a central hub for business financial management.
The digital banking feature enables companies to get set up quickly with modern digital banking solutions, providing the ability to open corporate IBANs across the EU and UK instantly. Users can perform fast bank transfers via SEPA and Faster Payments and create sub-accounts to manage finances across specific teams, projects or individuals.
In addition to digital banking, Spendbase’s new virtual cards offering will allow companies to issue between one and 100 virtual cards within their organisations. Businesses can set precise spending limits on each card, providing improved control and oversight of corporate expenditure. The cards also offer cashback of up to 1.5% while leveraging 3DS security to safeguard transactions.
The launch aligns with Spendbase’s commitment to providing businesses with radical visibility and control over their spending, encapsulated in its slogan “Stop Spending Around”. The new tools will enable companies to track, manage and optimise their finances with granular controls across teams and accounts.
Spendbase CEO Andrew Alex said, “Saving money has always been in our DNA — it’s not just what we do for our customers, it’s how we operate internally. We’re seriously cost-efficient, and now we’re turning that mindset into products. These tools pay for themselves by helping you spend less — and this launch is a major step in that direction.”
Founded in 2023 and backed by Google, Spendbase has made a name by helping businesses eliminate waste in software and cloud spending, with some mid-sized clients saving up to $150k in under a year. The company has attracted clients such as Preply, Lemon.io, MacPaw, Provectus, Happy Monday and YouScan, supporting over 800 businesses worldwide.
One of the platform’s notable differentiators is its performance-based pricing model, charging clients 25% of the savings achieved, which means businesses typically save four times more than what they pay for the service.
The addition of digital banking and virtual cards will now allow Spendbase to offer end-to-end spend visibility, spanning procurement to payment.
Spendbase CMO Max Bondarenko said, “Spendbase isn’t here to replace your bank or existing cards. Every card has its perks for different needs. Think of Spendbase as the card that comes with the biggest savings. It’s a complementary tool in your finance stack, focused entirely on eliminating spend waste.”
Looking ahead, Spendbase plans to continue expanding its capabilities with features in development, including treasury management, payables automation, and accounting integrations as it evolves towards becoming a complete financial operating system for businesses.
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