Spend management platform Airbase is expanding its corporate card offerings with a new Airbase Essentials package, the company announced in a press release Tuesday (Nov. 9).
Through Airbase Essentials, the company is offering cash back rates for corporate cards, ranging from 2.25% for a pre-funded card and 1.75% for a charge card, across all company products. Aside from corporate cards, its spend management packages include bill payments and employee expense reimbursement.
“Airbase is currently the only spend management platform that can live up to the promise of helping mid-market and early enterprise businesses replace multiple siloed tools with one comprehensive platform,” Airbase founder and CEO Thejo Kote said in the release. “We’re now bringing the same benefit to small businesses and startups for free.
“This means businesses can start managing company spend on Airbase on day one and never deal with the high cost of change management, replacement of tools, and retraining of employees as they scale. Airbase’s platform will support their needs from idea to IPO and beyond.”
See also: Businesses Embrace The Growing Importance of Spend Management
Kote added that Airbase’s 2.25% cash back offer is currently the “highest cash back offered on a corporate card in the market.”
Companies can replace legacy credit cards with the Airbase software-enabled corporate card program and use Airbase Essentials for visibility and control. The platform is user-friendly, extends competitive lines of credit, and offers a flat-rate cash back for every dollar spent, according to the press release.
You may also enjoy: Airbase Debuts Real-Time Visibility on Global Spend for US Businesses
Airbase became the first spend management platform to support global spend across international subsidiaries and currencies, per a press release on Sept. 15, giving companies worldwide access to the company’s spend management tools.
Last month, PYMNTS reported that the company also partnered with Silicon Valley Bank to allow application programming interface (API) integration with business cards, helping to automate both account and spend approval workflows.
Read more: Airbase, Silicon Valley Bank Partner on Spend Management
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