Cardda

Cardda is a Chilean fintech company providing a comprehensive spend management platform for businesses in Latin America. Founded in 2020 by civil engineers Cristóbal Grinbergs (CEO) and Sebastián Hernández (CTO), the Santiago-based firm aims to simplify and automate corporate payments. The founders' journey began with a previous venture, Rentz, a marketplace for heavy machinery rentals. Facing challenges with their own corporate credit card limits and impacted by the pandemic, they pivoted their business, leading to the creation of Cardda. This direct experience with corporate financial hurdles shaped the company's mission to address common payment-related pain points for businesses.

Cardda's core offering is an all-in-one platform that integrates corporate cards, bill payments, and automated local transfers. It targets companies of all sizes, from startups to larger enterprises, that struggle with time-consuming expense management, lack of control over employee spending, and difficulties in obtaining traditional corporate cards. The business model is primarily subscription-based, with a tiered pricing structure that includes a per-card monthly fee and a small percentage fee per transaction. The company's key products include unlimited virtual and physical corporate cards that can be issued instantly with granular spending controls, such as setting budgets and blocking merchants. A significant feature is the platform's ability to integrate with Chile's Internal Revenue Service (Servicio de Impuestos Internos), allowing businesses to upload and pay all their invoices and documents directly.

The platform provides real-time visibility into all transactions, helping companies track and reconcile payments efficiently. For developers, Cardda offers a REST API and a Python client to programmatically automate mass payouts and manage bank transfers, enabling seamless integration with existing ERP systems. Since its inception, Cardda has gained traction and support from notable accelerators, including Platanus Ventures, Start-Up Chile, and the prestigious Y Combinator. The company has successfully raised funds through several rounds, securing capital from these accelerators and angel investors to fuel its growth and regional expansion plans, which include entering the Peruvian market.

Keywords: corporate spend management, fintech, B2B payments, virtual corporate cards, expense management, accounts payable automation, automated bank transfers, Chilean startup, API for payments, bill payment platform, financial software, Y Combinator alumni, Platanus Ventures, Start-Up Chile, spend control, business payment solutions, Latin America fintech, corporate credit cards, expense tracking, invoice management