Tillful Launches Card for Small Businesses With Highnote and Mastercard

Small and medium-sized business (SMB) credit platform Tillful has collaborated with payment card creation company Highnote and Mastercard on the Tillful Card, which will increase SMBs’ access to credit and growth capital, according to a Wednesday (Feb. 9) Highnote press release.

The Tillful Card joins the company’s suite of products that give business owners access to credit-building tools and services that use real-time, alternative transaction data. The card will launch early this year and “aims to help new and emerging businesses as well as underrepresented owners of small businesses,” the company announcement says.

“Tillful’s core mission is to make the credit ecosystem accessible to the Main Street small businesses who are overlooked for financing opportunities by conventional banks and lenders,” said Ken So, CEO and co-founder of Tillful, in the announcement.

“In Highnote and Mastercard, we have technology partners as equally customer-obsessed as we are, that together are building innovative solutions to help SMBs build credit and achieve their full potential,” he said.

Tillful Card members can immediately begin making business purchases online, in-app and at the point of sale using their virtual cards and their payment history is reported to credit bureaus to help build business credit quicker. The card also offers a rewards program tailored to SMB owners and the chance to create an unlimited number of virtual cards for employees.

“We built Highnote to be a truly modern card issuance platform, one that lets any visionary company, from startup to global enterprise, create, iterate, and scale innovative embedded card issuance experiences to grow customer loyalty, engagement, and revenue,” said John Macllwaine, Highnote’s co-founder and CEO, in the press release.

“Now, in partnership with Tillful, we’re excited to help Main Street SMBs gain access to the credit they need to build tomorrow’s best companies,” he said.

Related: FinTech Startup Highnote Nets $54M in Funding

In September, Highnote announced it had raised a combined $54 million from a Seed and Series A round that it’s using the to expand its product and engineering teams.