Cape gives Australian businesses a single solution for spending and expense management, offering corporate cards for employees, card controls, and access to a line of credit.
It also integrates with accounting software and includes features similar to standalone expense management tools like Webexpenses or SAP Concur.
What is Cape?
Cape is an Australian fintech company providing corporate cards and tools that simplify expense management while reducing unnecessary business spending.
Currently in its beta phase, Cape is backed by angel investors from companies such as Atlassian, Stripe, LegalVision, and Scalare Partners.
Cape plans
Cape’s beta plan includes some of the key features expected in future plans, such as:
- Corporate cards: Unlimited Mastercard cards for your business.
- Charge card facility: Up to $100,000 in limits (subject to approval), with fewer restrictions than prepaid cards. Your business will need to pay off balances by the due date on each statement.
- Foreign exchange and spending:No international transaction fees or margins on FX spending.
Cape plan pricing
The beta plan has no monthly or annual fees. Future plans will have transparent pricing when more features are rolled out.
How to get a Cape plan
You can register your interest by filling out a form on Cape’s website. Cape will provide more details after you apply.
To qualify, your business needs to meet these requirements:
Eligibility
- Business registration: Must have a valid ABN.
- Trading history: At least 12 months of trading.
- Business financials: Revenue of more than $75,000 in the past year, which can be verified by linking your Xero, QuickBooks, or MYOB account.
Details to include
- Contact details: Your name, email, and phone number.
- Personal ID: Driver’s licence details to verify your identity and any employees managing the account.
