Cardlay

Cardlay

Private
CopenhagenFinTechhttps://www.cardlay.com

Last Round

VC Round

Mar 10, 2022

Total Funding Raised

$19.15M

Company Overview

Cardlay is a fintech company that provides a white-label platform for corporate card and expense management designed for banks, card issuers, and financial institutions.

Sector

FinTech

Verticals

Accounting & Expense, Corporate Banking, Digital Payments, Digital Banking, Platform-as-a-Service

Business Model

B2B2C

Customer Profile

Subscription SaaS, Revenue Share, Services & Consulting

AI Layer

Non-AI

Keywords

white-label spend managementspend management platformwhite label fintechcorporate spend managementcorporate card platformembedded financecard issuingexpense managementbanking as a serviceB2B2C platformvirtual cardsautomated reconciliationERP integration

Historical Pricing

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Cardlay Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Cardlay Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 10, 2022
VC RoundApr 27, 2021
Series BNov 14, 2019
Series AJan 11, 2018
SeedDec 21, 2016
Angel
Aug 26, 2016

Key People

Founding team and executive leadership

Michel Thorsen

Chief Technology Officer

Executive Team

Cardlay Investors

Notable investors and investment history

InvestorRounds
SEB Venture CapitalVC Round, Series A
Global Paytech VenturesVC Round
PreSeed VenturesVC Round
Gundersen Family OfficeVC Round
Seed CapitalSeed, VC Round, Series B, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 25, 2026

    Launched U.S. embedded spend platform for incumbent companies.

  • May 5, 2025

    Alan Koenigsberg, former President of Visa Global Services, joins the board.

Cardlay Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Cardlay Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersCopenhagen
Employee Range54
Year Founded2016
Last FundingMar 10, 2022

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