Fyle Builds On Credit Card Deals To Target The Small Business Market

Posted under: SMB
Date: 2024-02-12
Fyle Builds On Credit Card Deals To Target The Small Business Market

New York-based start-up Fyle announces a partnership with American Express, complementing existing agreements with Visa and Mastercard. Fyle's software automates access to corporate credit card transaction data for small businesses, integrating with accounting tools to streamline expense management. CEO Yashwanth Madhusudan highlights the significance of real-time oversight amid increased corporate credit card usage. Fyle's solution provides instant transaction visibility and integration, alleviating manual workloads. The integration includes virtual credit card capabilities, offering enhanced security and spending controls. With 150 accounting and business advisory partners and over 2,000 small business customers, Fyle's growth is funded by customer revenues alongside $15 million in previous investments. Analysts, like Joe Woodard, foresee benefits for small firms, praising Fyle's innovative approach in the expense management space.

Read more at: www.forbes.com