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Cardlay

Cardlay

Private
CopenhagenFinTechhttps://www.cardlay.com

Last Round

VC Round

Mar 10, 2022

Total Funding Raised

$19.15M

Momentum

Top 50%

of companies Caplight tracks

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

spend managementwhite-label bankingembedded financecard issuanceexpense managementcorporate cardsexpense automationAPI platformspend controlsbaasbanking as a servicefintech infrastructurevirtual cardsspend management softwareai expense assistant

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Cardlay Comps

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

Cardlay comps — public and private peers by 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

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 10, 2022
Series BApr 14, 2021
Series BNov 15, 2019
Series AJan 11, 2018
SeedDec 22, 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

Cardlay investors
InvestorRounds
SEB Venture CapitalSeries B, Series A
Global Paytech VenturesVC Round, Series B
PreSeed VenturesSeries B
SEED CapitalSeed, Series A, Series B
Gundersen Family OfficeVC Round
Seed CapitalSeed, Series B, Series A
SEB Venture CapitalSeries 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.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Cardlay Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Cardlay's valuation, stock price, and market status.

Firmographic Details

HeadquartersCopenhagen
Employee Range54
Year Founded2016
Last FundingMar 10, 2022

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