CFO Cornerstone: Navigating Finance's Complex Landscape

Corporate credit card vs. a business credit card. You might have heard both terms used interchangeably, but what's the difference?

Primarily, corporate cards are issued to large businesses with many employees, while business credit cards are designed for smaller businesses. Corporate cards generally have higher spending limits and may offer more perks than business cards due to their volume.

This post will cover the main differences so you can decide which card is best for your business.

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What is a Business Credit Card?

A business credit card is a commercial payment solution for companies and businesses. Similar to a personal credit card, business credit cards are used when business-related purchases are made on credit provided by one of the credit card companies.

Banks in the UAE and MENA offer various business credit cards for small, medium, and large companies. 

Business credit cards usually offer higher credit limits than personal credit cards and may come with exclusive privileges, such as free travel insurance, concierge services, and air miles.

In the case of small businesses, a personal credit score will play an important role in credit limit approval.

What is a Corporate Credit Card?

A corporate credit card is issued to company employees to help with business expenses. The company will be liable for any debts incurred on the card.

It is important to note that corporate cards are not personal credit cards and should only be used for business purposes.

Financial institutions expect you to spend more with a corporate card than a business card, as the companies that require those cards are usually bigger. Therefore, the company must have a good credit score to qualify. This can come with various perks, such as lower interest rates, extended grace periods, and, most importantly - higher spending limits.

At the same time, there can be some drawbacks, such as:

• Long approval periods due to the nature of the financial product.
• Limited online features for your cards and company spend management. 

What is a Pluto Card?

Pluto is MENA's corporate card that helps finance teams take control of their company's expenses while saving their business time & money. While Pluto can't give you a line of credit, you will be able to instantly issue as many business and corporate cards as you need while getting a complete overview of your business's spend management on one dashboard.

Virtual credit cards

Virtual cards are corporate credit card numbers used for online business-related purchases and contactless payments.

Although there is no physical card, virtual credit cards are great as they are flexible, convenient, and controllable.

With virtual credit cards, you can:

• Issue unlimited virtual credit cards/employee cards;
• Create a virtual credit card within seconds;
• Set employee spending limits to avoid going over budget;
• Generate a one-time use purchase card that deactivates as soon as it is used;
• Set purchases to be made with specific vendors so the card can't be used for other purchases;

Chances are that if you need a virtual credit card at your existing bank, it might take quite some time, and the reporting and limit setting options might not be very user-friendly.

While Pluto cannot provide you with credit cards, we can issue as many virtual cards as you need with just a few clicks:

Physical credit cards

Physical corporate credit cards serve the same purpose as virtual and business credit cards, making payments. Unlike virtual cards, physical corporate credit cards can be used in person to make purchases.

While both virtual and physical credit cards are comparable, the main differences are:

• Physical corporate credit cards may take up to 3 business days to be delivered.
• Virtual cards cannot be used physically.
• Virtual cards are safer for the user, as they cannot be lost or stolen.

Benefits and perks

The benefits and perks differ for business and corporate credit cards and Pluto cards.

Business & corporate credit cards:

• Receive Business reward points for purchases made that can be redeemed for future purchases.

Pluto cards:

• Gain access to over $35,000 in perks and rewards programs

Why are Business Credit Cards and Corporate Credit Cards Different?

Now you know the main difference between business and corporate cards, but let's investigate some of them in more detail.

Expense management tools

Business credit cards are frequently limited to your online banking platform. In the case of corporate credit cards, you may get something slightly better - an enterprise solution.

But from what we have seen, the speed of card issuing or limit changes is usually lacking.

Pluto doesn't give you a credit line, but here is a list of things that Pluto's expense management platform does:

• Unlimited corporate cards (within seconds);
• Set spending limits on corporate cards to avoid going over budget or being overcharged;
• Issue one-time purchase cards that deactivate after being used;
• Real-time transactional data - know what (and where) is being spent in real-time;
• Ability to oversee company financials and receive instantaneous expense reports;
• Automated accounting; 
• Sync transactional data to major accounting platforms;
• Simple and quick reimbursements;
• Digitized receipt reconciliation;
• Close books in hours, not days.

Corporate and business card fees

The fees that you might have to pay on corporate and business cards fall into two main categories:

Annual fees

For business and corporate credit cards, annual fees may differ depending on the bank or credit card issuer you choose to move forward with. Typically, the UAE's yearly fees range from 0-800 AED, with 'free for life' being the most popular.

If there are any fees, you can typically waive them by spending a certain amount per year.

Pluto cards do not have any annual fees and are entirely free; however, if you're a large corporation that wants unlimited users, custom ERP integrations, or a dedicated account manager, there will be a monthly subscription fee.

FX fees

Business and corporate credit cards tend to incur FX fees, making it expensive for a company owner, a small business, or a large business to do any transactions outside their domestic currency.

FX fees can be high, and credit card issuers are usually not transparent with the fees that come with them. Typically, fees come in the form of an FX spread and are hidden inside your payment, meaning you might be paying 2-6% for a transaction in a different currency.

Just imagine how much of your spending is in a different currency and take an optimistic 4% fee from that amount. Now multiply it by five years.

Pluto does not charge FX fees, making it the perfect choice for companies or businesses that frequently transact in foreign currencies.

Application & Approval Process

You must wait around two weeks for a business credit card approval. After the approval process, it may take up to 10 business days to receive your business credit card.

With a corporate credit card, the time may vary, but the chances are that you will need to wait more than 5 business days before you get approved.

From our experience, when you need an expense card - you need it on the spot!

Pluto has adopted a KYB & KYC (know your business and client) process that allows us to onboard customers in minutes. After you set up your account, you can start issuing virtual cards and continue your work without halts or limitations.

Corporate vs. Business Credit Cards Pros and Cons

While a corporate credit card and a business credit card may be comparable in some aspects, there are some differences between the two financial products.

Business credit card pros

• Available for most businesses in their standard banking products;
• Standard application process with low business requirements;

Business credit card cons

• Usually limited in numbers, one card is internally shared amongst many employees. That creates bottlenecks in spending and raises various security risks;
• Non-existent (or very limited) spend management platforms to monitor your reporting;
• No virtual cards;
• High FX fees;

Corporate credit card pros

• Higher spending limits;
• Possibility to issue several cards;
• Safe & secure, as information is not being shared;

Corporate credit card cons

• Longer approval process;
• High FX fees;

While the pros and cons for both types of cards may vary, the final decision will be based on the size of your business.

Why Pick Pluto Card for Business and Corporate Users?

As mentioned, Pluto won't give you a line of credit; instead, Pluto provides you with an all-in-one expense management solution. 

Pluto's spend management platform

• All your business expenses are at your reach on Pluto's dashboard;
• Control over all issued cards and their limits;
• Creation of unlimited virtual cards;
• Real-time expense reporting;

Approval workflow on Pluto

Once you have access to Pluto's expense management dashboard, you'll also be able to set up approval flows and automation.

With Pluto's approval workflow, you can:

• Get visibility and control over your expenses;
• Streamline how you manage your spending;
• Automatically direct approvals to the right employees;
• Create approval flows within departments;

Real-time expense reports

With Pluto cards, you'll gain real-time transactional data on company spending while being able to set strict budget limits.

This will also help you make informed decisions about allocating resources and improving your P&L.

Additionally, you can also set up notifications to be sent to your accounting or finance team whenever a transaction is made. This way, they'll always be in the loop and can take appropriate action if needed.

Which Card is Best for My Business?

The final pick of the card will depend on several factors related to your business.

Industry

The needs of companies based on their industries may differ. Consulting businesses need a flexible card solution with no FX fees, as their employees travel frequently. Digital agencies need multiple virtual cards to onboard new projects and pay for ad networks daily.

Consider the needs relevant to your industry and decide from there. While Pluto is an excellent pick for all industries (as we have a very versatile product), here are some of the use cases that illustrate the needs and how Pluto solves them:

• Agencies
• Startups
• Consulting
• E-Commerce
• Logistics

Size

Annual revenue, the number of employees, and spending volume will also come into play when making your decision.

If it is just you or a couple of employees, you may not need many cards (or you might take advantage of Pluto's virtual cards).

On the other hand, if you have a sales team that needs to pay for lunches with prospects every second day, one card in the business owner's name will be problematic! 

Control

How much control do you need over your spending? Classic credit cards (be it business or corporate) usually have just a few features that are extensions of your online banking.

In some cases, that might be enough. If there is one card and one person using it - setting limits and monitoring the spending is not an issue.

Pluto comes into play when you have several holders and many cards, as you can set custom limits on cards. Real-time reports of spending suddenly become very important to increase and decrease limits on the go.

Key Takeaways

• Business credit card is the best fit for small business owners; they offer a standardized solution.
• Corporate credit cards are for bigger companies, allowing higher spending and slightly better control.
• Pluto cards (used for all business sizes) can provide unlimited virtual cards and give you access to an all-in-one expense management platform.

FAQ

Does a corporate credit card affect my credit score?

A corporate card is a company's liability and does not affect your credit score, and you will not see them on your personal credit report. Pluto cards do not affect your credit score in any way (as they do not provide loans or credit facilities).

What is the difference between a business and a corporate credit card?

The main difference between small business credit cards is the size of the company that uses them, followed by credit limits and available control features. Pluto provides cards to corporations and businesses through the all-in-one spend management platform.

What is meant by a corporate credit card?

A corporate credit card refers to a card provided by the company to the employee for various business-related expenses.

Is a corporate card the same as a credit card?

Credit cards primarily draw from an approved loan balance, while corporate card programs are just an extension to a dedicated corporate account. But the terms are used interchangeably nowadays.

What is the difference between corporate and domestic credit cards?

A domestic card may refer to a debit card or a card issued by your local bank for your local use. Corporate cards are accepted internationally, at the ATM, or online.

Can a corporate card be used for personal use?

No. By default, corporate cards have to be used for business expenses, which are reported into accounting, but most importantly, it is the company's money on that card. The only exception will be if your company allows it.

What is the advantage of a corporate credit card?

Usually, it comes down to higher spending limiting. Compared to small business credit cards, corporate credit card debt does not usually require a personal guarantee, as the company guarantees it.

In the case of Pluto's corporate card, we can also add - unlimited virtual cards, real-time team-wide spend control, instantaneous reporting, and no FX fees!

Does a corporate credit card affect my credit score?

No. If the corporate credit card has a credit facility attached to it (it usually does), it is a company liability, not a personal liability. You are given access to a portion of their credit facility that does not fall into the personal loans group, and you do not need to provide personal guarantees.

Can my company require me to put business travel on my own credit card?

No, the company cannot force you to put business expenses on your credit card, but it is sometimes easier for everyone. So, if you agree with that, and the company agrees to reimburse you - it is not a problem. 

If you are looking for a better solution, let the Pluto team know, and we will provide you with an easy corporate card platform for your whole team.

Do corporate credit cards require a credit check?

A corporate credit card (in its classical meaning) is attached to a loan facility. To approve this loan facility, banks must do a company credit check. 

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The realities of the modern business world require companies to keep a tight hold on their spend management.

We’re not just talking about how you track expenses or reconcile your debts; that’s basic stuff. No, we’re talking about the entire process, from deciding who has the spend rights to analyzing how business spending affects your cash flow and taxes.

The more your business expands, the more crucial (and complex) your expense management process becomes. Spending analysis allows you to correct imbalances, watch for fraud and employee theft, and prepare for regulatory filings.

However, it’s also a cumbersome, time-consuming process that, without the use of the proper platform, requires quite a bit of man-hours to complete.

Modern spend and card management needs to be more sophisticated, intuitive, and built on the needs of finance teams, accountants, CFOs, owners, and employees!

That’s why, at Pluto, we firmly believe in the power of proper corporate card management. Establishing clear policies, outlining appropriate spending limits, and designing airtight analysis protocols can keep your finances in check.

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Modern Corporate Credit Card Programs

Traditionally, businesses relied on employee reimbursement for out-of-pocket expenses to facilitate team and department spending. While using employees to frontload business costs helps with float, it also creates potential hardships and liabilities.

Moreover, the process of submitting, reimbursing, and properly cataloging expenses is grotesquely time-consuming for your finance team.

In part, corporate credit cards were designed to take the pressure off corporate finance teams. They make expense management easier, simplify spending procedures, and digitize the bulk of your spending.

Managing corporate credit cards can get quite complex. Adding new cardholders, suspending or closing accounts, or untangling business and personal expenses could take hours of paperwork and phone calls.

But it does not have to be like that. At Pluto, we leveraged our corporate experience, had countless talks with our users, and came up with solutions to every bottleneck of card management.

On-demand corporate cards

For employees to be able to make business expenses, they will need a corporate p card. In our day and age, most of their spending will be online.

Pluto provides you with an unlimited number of virtual cards that can be easily issued right from the dashboard.

If a physical card is needed, you will go through the same simple process, and the card will be delivered to you in just a couple of days.

Receipt Capture and Expense Tracking

Corporate credit cards feed your business expenses into a centralized monthly report. With Pluto, submitting a receipt is as easy as taking a picture with your phone, literally.

When the expense is submitted, it is immediately reflected in the account report.

These reports provide each department head and finance team with the visibility needed to:

• Link credit card transactions to the right employee
• Crackdown on overspending
• Maintain business-wide cashflows
• Maximize efficiency

With Pluto, you can easily filter through various expenses, check which expenses are still pending, and see the details of that particular spending team-wide.

Increased Flexibility

Corporate cards also provide businesses with the flexibility to take the approach that suits their needs. For instance, your business may assign corporate cards only to key employees and management or traveling employees.

Workers who make only occasional purchases can use Pluto virtual or pre-loaded cards with one-time or limited spend codes.

Ultimately: More Control

Aside from these perks, company credit cards allow you to maximize your data collection and improve your analytics.

You can use this information to curb unnecessary spending, generate insights, and even negotiate better rates with vendors.

But without a proper corporate card management program in place, it’s all too easy for the system to turn upside-down.

What is Corporate Card Management, and Why is it Important?

A corporate card management platform allows business leaders to proactively wrangle company expenditure concerns from multiple fronts.

But to keep everything running smoothly, you also need a well-designed corporate card policy that ensures you are not limiting employees in their work while you are tracking the expenses.

Using corporate cards for operational expenses allows your team to work more efficiently—no more complicated approval processes when buying an online subscription or plane tickets.

But to achieve the balance between flexibility and control, you must have a corporate card management policy. Good corporate card programs:

• Outline rules for use, such as where and how much employees may spend.
• Capitalize on issuer-provided controls to set spending limits.
• Monitor and analyze employee cash flow to minimize inefficiencies.
• Are quick to catch or counteract employee or outside fraud.
• Simplify real-time expense reporting.
• Save time and money by reducing or eliminating physical paperwork.

Above all, a responsible management program frees up resources, putting money back on your balance sheet.

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Best Practices for Efficient Corporate Credit Card Management

The key to managing corporate cards successfully is setting expectations, communicating responsibilities, and setting controls for employee and employer accountability.

Whether you set card limits, lock and unlock cards, issue virtual cards, or code and track expenditures daily is up to you.

Just as long as you design a system that balances control and comfort.

Set Up a Corporate Card Policy

Your company policy should:

• Set expectations and communicate cardholder responsibilities
• Lay out eligibility requirements to receive a card
• Set spend limits for teams, departments, or specific expenditures
• Outline the process for submitting receipts
• Establish clear review and penalty processes for violating these rules

Written properly, your policy should ensure everyone understands their rights and responsibilities. 

Decide Which Employees Will Get Cards

One of the most important components of managing your corporate cards is deciding who receives them.

At first, you may want to stick with assigning cards to upper-level management or department heads. But as your business grows, you may enact policies to permit other employees to receive cards conditionally or permanently, such as your sales team.

Ensuring your cards are in the right hands for the right reasons gives your employees a sense of flexibility and responsibility.

Consider Virtual Cards

You might consider issuing virtual cards when an employee may need one-time or limited access to a corporate card.

With Pluto, you can issue unlimited virtual cards in a matter of minutes and set spending limits as needed.

So the time from the employee request to delivering the virtual card credentials is minimal.

Set Budgets for Each Team and Department

Clear budgets take the guesswork out of reconciling your expenses and provide a “pool” of funds for teams to pull from.

These controls can help curb spending while still providing the funds your business needs to succeed.

Separate Personal and Corporate Expenses

When you design your budgets, it’s crucial to ensure employees know what constitutes a business expense and what doesn’t.

For instance, some companies provide generous food allotments for traveling employees, while others limit corporate card spending to hotel and transportation expenses. In this instance, employees purchasing their own meals would qualify as a personal expense.

You also want to clarify that employees can’t use their company cards for personal expenses that don’t relate to business. Even if they plan to repay you, it must be clear that the corporate card can not be used for these matters.

Have Limits on Cards and Spending Categories

Another way to crack down on corporate card expenses is by setting limits. With Pluto you can set limits when creating a new card, or adjust the limits on the go. 

Review these limits regularly to make sure that everyone has limits that are sufficient to support them in their work. 

Make Expense Reporting Simple

The card expense reporting process shouldn’t take you hours. Submitting an expense in Pluto is a matter of just a couple of clicks.

Drag and drop the receipt into Pluto, add a couple of details and that is it. This efficiency ensures that employees submit all their expenses on time. 

Document Every Purchase – Digitize Receipt Management

When it comes to your expense policy, your corporate credit card statement isn’t reliable enough.

Mandating receipt uploads means that you can verify the accuracy of each transaction for internal and tax-related purposes.

But in the modern world, many vendors are moving away from physical receipts that tear, smudge, or blow away in the wind.

For these instances, consider setting up a corporate email address to provide all-digital vendors.

And for expenses that do generate physical receipts - Pluto allows you to simply take a picture of the receipt with your phone and upload it to the expense management system!

Monitor Employee Spending Habits

One enormous benefit of corporate cards is the sheer transparency involved.

Every transaction is recorded and automatically categorized, allowing you to monitor corporate card expenses using credit card statements. You can also use this information to identify overindulgent employees and limit any unscrupulous spending habits.

But don’t just wait for the statements to show up monthly. Pluto allows you to proactively set alerts, notifications, and monitor transaction activity, helping you catch problems before they snowball, such as “double-dipping.” (Submitting the same expense twice, by mistake or intent.)

Analyze Expense Reports Regularly

Another facet of corporate card expense reporting is regularly analyzing your reports.

With Pluto, businesses can sort expenditures by vendor, department, employee, or internal expense codes.

Sorting and analyzing your expense reports ensures that even if you have dozens of cards floating around, you can readily monitor and manage the ins and outs.

Integrate with Your Accounting Software

The best way to unlock your corporate cards’ potential is by integrating expense software with your accounting software.

Doing so feeds each corporate credit card expense right into your accounting log, saving hundreds of hours entering, verifying, and double-checking that your corporate card statements match actual business expenses.

Pluto allows you to integrate with all major accounting software.

Key Takeaways

• Efficient corporate card management requires you to use a platform that will allow you to have complete spend control and flexibility.
• This is where Pluto comes in – our platform provides you with all the features and tools necessary to fully manage your corporate card spending.
• A corporate card usage policy is another critical element to keeping spending under control – by setting clear guidelines on what can and cannot be purchased with corporate cards, you can avoid unnecessary expenses.
• Finally, effective communication and training for employees will ensure that everyone is on the same page when it comes to using corporate cards responsibly.

Corporate Cards FAQs 

What is a Corporate Card Program?

A corporate card program issues cards to – and establishes rules for – employees who make purchases for a business.

These purchases can range from buying office supplies to airline tickets. Corporate card programs set guidelines for who can use a card, their spend allowance, and the expense reporting process, among other facets.

What is the Advantage of a Corporate Card?

Corporate credit cards offer multiple advantages, including:

• Eliminating cumbersome reimbursement programs
• Centralizing your expense management system
• Integrating expense tracking features to simplify taxes
• Restricting employee spend based on spend limits, vendors, or products
• Reducing potential delays in the reconciliation process

Plus, many corporate cards connect to accounting software to allow businesses to slash time and hours wasted on expense report management.

What is Corporate Card Expense Management?

Expense management refers to the systems that organizations use to track, review, and pay for business and employee expenses.

Keeping expense management processes tightly controlled ensures that businesses can reconcile their balance sheets.

These expenses include any purchases an employee makes to improve the business, from office supplies to business travel costs.

Often, modern expense reports reflect tons of digital items too, like subscriptions and cloud space.

What is Corporate Card Reconciliation?

The corporate card reconciliation process verifies that corporate card statements match a company’s general ledger.

Businesses rely on these processes to validate transactions, keep expenses reasonable, and prevent fraud. (Not to mention, reconciling the books is essential - come tax time.)

With reports that Pluto generates, the work is minimal. You issue corporate cards, put limits on them, and all the receipts and transactions are stored in the Reimbursement report.

Who is Responsible for a Company Credit Card?

From a legal and liability standpoint, employers and businesses are responsible for all expenses charged to a corporate credit card.

That said, businesses may outline use cases in which an employee is responsible for repaying their own charges, such as when they make personal purchases on their employer’s dime.

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What is Pluto Card?

At Pluto, we believe better expense management should be within everyone's reach. We solve MENA finance teams' pain points by replacing their business credit cards with Pluto corporate cards to help manage their expenses, saving them time and money.

How do we do that?

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Create Unlimited Corporate Cards

When multiple employees have access to one company credit card, it can be difficult for finance teams and business owners to track how much is being spent and where.

The result: everyone texting the CEO or CFO for OTPs during important meetings.

Pluto makes it easy to create and distribute virtual and physical corporate cards to each employee. Not only does this minimize fraud risk, but it also makes expense tracking simpler for finance teams, CFOs, and CEOs.

With Pluto’s unlimited corporate cards, you’ll be able to:

• Create virtual cards in seconds.
• Receive physical cards in 1-2 days.
• Use cards for vendor-specific cases.
• Assign every employee a budgeted corporate card.

Spend Control

Are you running ads at a cost that exceeds your marketing budget? Are you providing new hires with an allowance to cover the costs of their office equipment and software, or do you offer employees additional perks such as a monthly gym stipend?

Pluto gives you the ability to set limits and take control of your company’s business expenses, hassle-free.

With Pluto’s all-in-one expense management platform, you’ll be able to:

• Assign virtual or physical cards with spend limits.
• Allocate a specific budget towards daily, weekly, or monthly expenditures.
• Create a single-use purchase card that automatically deactivates once it is used.
• Control spending for different departments by allotting a budgeted amount to be spent.

Goodbye overspending 👋🏼

Reimburse In Record Time 

Reimbursements can be a painful process when the end of the month rolls in. Whether you’re scrambling to find lost receipts, trying to match receipts to their expenses, or organizing them in a document, there’s no easy way.

Drag & drop receipts

Pluto makes it easy for employees to list receipts.

Once a business expense is made by an employee, they’ll be able to drag & drop an image or screenshot of the receipt onto the Pluto dashboard.

Yes, as simple as that.

Easily reconcile receipts

Pluto allows you to seamlessly submit your receipts onto the platform. With Pluto, reconciliation is a breeze.

Once a business expense is made:

• Attach receipts to card transactions with just a few clicks.
• Transactions will automatically be categorized.

Add a memo to every transaction.

Get reimbursed in minutes

Waiting till the end of the month to get reimbursed for out-of-pocket business expenses is no longer necessary! 

Pluto gives you the opportunity to get reimbursed in minutes.

Once a reimbursable out-of-pocket expense is made, head to the Pluto dashboard to log the expense and get reimbursed as soon as it is approved.

Get Real-Time Data

Your month-end expense report comes in—and you find that you've spent more money than budgeted. Again.

With Pluto, you can stay on top of your expenses at any given moment.  

By getting real-time data, you can view reports of your company’s spending and ensure that your company’s finances are in check.  

It's simple, Pluto helps you avoid overspending and keep track of your company's finances in real-time.

So what does this mean for you?

• See transactions happening on your cards in real time.
• Receive notifications about every single card transaction, if needed.
• Collect information on which vendors your company is spending the most money with.
• Identify which employees or departments are spending the most.
• Get an overview of the expenses you have incurred daily or month-to-month.

Pluto allows you to adjust if spending has gone off course—and plop some celebratory balloons if it hasn't 🎊!

Integrate With Other Platforms

Every business has multiple platforms, and we know how important it is for them to talk to each other. Pluto's integrations make it easy to get started and ensure you have all the data you need in one place. 

Accounting Integration

Pluto syncs your company's transactional data to the most popular accounting platforms through direct integrations so you can automate your accounting and close books faster.

No more end-of-month mayhem! 😅 

Mobile Wallet Integration

With Pluto, you can add your virtual or physical cards to your digital wallet to make transactions seamless and easy.

We support Google Pay, Android Pay, and Samsung Pay.

What Else Does Pluto Offer?

Pluto gives you the opportunity to scale your business, without having to worry about the smaller details.

No FX Fees

Pluto doesn't charge you any foreign transaction fees for using your Pluto corporate card outside of the UAE.

If your business is expanding rapidly and your team is traveling more frequently, you won't have to worry about those pesky charges eating into your profits.

Or if your company needs to pay for subscriptions, contractors, or freelancers in a different country, you can do so without racking up a bill in FX fees.

Remote teams, frequent flyers, or big spenders, we've got you covered!

Accepted Worldwide

Whether your team is distributed, travels a lot, or makes international payments, Pluto’s corporate cards are accepted worldwide.

Advanced Security & Privacy

Pluto is PCI DSS Compliant. We take the safety of your information very seriously; all your data is stored and processed following the highest data protection standards in the industry. 

Get Started in Minutes

Pluto's sign-up process takes minutes, not hours. By adopting a KYB and KYC process that can be done within a few clicks, you’ll be making transactions in no time.

• Simple application process.
• No credit history is required.
• Fast approvals.
• Instant card access once approved.

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Let us take the hassle out of managing your expenses. Start Using Pluto Today - For Free.

We're thrilled to announce that Pluto closed US$6M in Seed funding in February, led by Global Founders Capital.

With GFC being the lead investors, we've had participation from several of the world's leading investment firms and entrepreneurs. Soma Capital, Graph Ventures, Adapt Ventures, Ramp, Thejo Kote (Founder of Airbase), Shaan Puri, and William Hockey (Co-founder of Plaid) were some of the few who participated.

With our Seed round, we aim to get closer to achieving our mission; to streamline company expenses for MENA businesses. 

The problem

Company spending in the MENA region is problematic, time-consuming, and frustrating. Managing company spending in MENA today is difficult, time-consuming, and frustrating, as today, companies only get a single debit or credit card.

OTPs

Today, employees all share one company credit card, which usually leads to an OTP being sent to the CFO, financial leader, or founder of the company. Most bank OTPs last from 2 to 10 minutes before they’re expired. So, if an employee doesn’t get the OTP in time, they won’t be able to complete the transaction.

Overspending

When a company credit card is issued, you cannot control spending. This means there is no way to set limits on the card to avoid being overcharged by recurring subscriptions or employees going over budget.

No visibility

You cannot get real-time visibility or instant reports on business expenses with company credit cards. This makes making informed decisions about allocating resources in real-time more challenging.

Petty cash

Banks have no ideal solution for petty cash management. Companies typically maintain a cash vault at their offices, distribute loose cash to employees, and spend countless hours collecting and matching invoices.

The solution

Introducing Pluto Card: a corporate card & spend management platform that allows MENA companies to simplify and control their business expenses.

With Pluto's software, managers can issue their employees virtual cards with spend and control limits, cards that get canceled after a one-time purchase, and cards with a recurring daily, weekly, or monthly budget.

Employees can request expenses from their managers and submit reimbursement requests by dragging and dropping receipts onto the software. This happens in real-time, where managers can view employee requests as they happen, see what is being spent and where, and gain insight into instantaneous expense reports, helping them make informed decisions.

Pretty straightforward.

Want to see Pluto in action? Sign up and get a private demo here.

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