We’re thrilled to announce our partnership with Bill.com to power new innovative commercial card products. Bill.com is a leading provider of cloud-based software that simplifies back-office financial operations for small and midsize businesses and is used by more than 100,000 small businesses in the U.S.
We’ll be working with Bill.com to allow its customers to pay suppliers and accounts payable with single-use virtual cards, which help make cash flow management more seamless and shrink the time for small businesses between earning money and getting paid. We’ll also help power new expense cards for their customers, allowing businesses to issue cards to their employees and utilize dynamic spend controls to designate where and how the cards can be used.
“At Bill.com, we believe we have a significant opportunity to help millions of SMBs improve their financial operations. Speeding up the ease with which our customers can pay their suppliers and receive payments themselves, and helping our customers better manage and control their own spending has massive potential to improve the utility of our service,” said René Lacerte, Founder and CEO of Bill.com. “Marqeta’s modern card issuing platform will help us build innovative new card products at scale and was a clear top choice for this work.”
Small and midsize businesses are the engine room of the global economy, and we’re proud to partner with the platform that is helping to innovate payments in the sector. We’re excited to work with them to remake the financial experience for the businesses they serve.
Read more about Marqeta’s expense management solution here.