September 27, 2024 | 2 min read
Marqeta and Found bring streamlined expense management offerings to SMBs
We’re thrilled to announce Found as our new customer, bringing streamlined expense management solutions to SMBs and self-employed professionals. Found chose Marqeta to power their Business debit card, allowing their small business clientele to have access to more innovative and customized business banking capabilities than are traditionally offered to them. With our platform, Found users can easily monitor and control card spending, helping them manage their finances more efficiently and securely
The SMB economy is traditionally overlooked by big banks and lacks the flexible tools needed to manage their expenses and improve access to working capital, with huge consequences – 82% of SMBs fail because of cash flow issues. Found’s business banking platform is designed to bring advanced capabilities to small business owners and the self-employed, allowing for proper expense management solutions and simplified tax management and bookkeeping to support their business needs. By partnering with Marqeta, Found will have access to our user-friendly, comprehensive platform that provides tailored physical, virtual or tokenized cards that simplify expense management and enhance cash flow for its customer base. Found’s customers can set spending limits and track transactions in real time directly within the Found platform, ensuring a smooth and customized user experience.
“Found is committed to enhancing financial wellness for the self-employed with our all-in-one banking platform. Marqeta’s deep expertise and highly adaptable platform allow us to strengthen our offering with expense management solutions that cater to the unique needs of small business owners,” said Lauren Myrick, CEO of Found. “By integrating with their platform, we can create personalized card solutions that simplify expense management giving our customers more time to focus on their businesses and boost profitability.”
Our commercial card solutions are flexible and scalable, allowing businesses to tailor them to their specific needs. With our platform, our customers have greater visibility and control over their card programs, helping to ensure regulatory compliance and enhanced business operations and financial management. Learn more about our commercial cards that support seamless expense management here.