# Cardlay A/S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardlay-a-s

- Industry: Software
- Headquarters: Odense, Denmark
- Website: www.cardlay.com
- Total disclosed funding: $15M
- Latest round: Series B (Nov 14, 2019)
- Investors on record: 3

## About

Based in Odense, Denmark, and founded in 2016, Cardlay A/S operates as a developer of software solutions that uses artificial intelligence and predictive analysis, enabling businesses and individuals to integrate travel expense management, reclaim EU-VAT and card transactions in one platform. In April 2021, Cardlay A/S raised DKK 60 million in venture funding led by Global PayTech Ventures with participation from individual investors and the company's management. The company has raised a total of USD 28.44 in funding. Jørgen Christian Juul is the CEO of Cardlay A/S.

Cardlay A/S provides a global cloud infrastructure solution for payments and cards, a white-label front-end and product suite of digital services and go-to-market activation academy and support. The company’s platform integrates payment infrastructure with APIs and front-end services. With a market activation academy, the company assists customers in implementation, customer onboarding and go-to-market services. The company’s white-label platform offers a complete suite of services based on back and front-end software, UX design, AI, and advance data aggregation to increase partners’ core business, new revenue streams and retention. In addition, Cardlay's platform comprises a corporate client app and portal for the corporate cardholders, controllers, and managers. Additionally, the features of the company’s platform also include payment cloud solution, expense management and seamless ERP integration, Vattax automated VAT reclaim, automated and integrated solutions, and card management.

Cardlay A/S plans to use its proceeds from April 2021 funding to accelerate the next phase of its cooperation with FIS by integrating the two platforms into a joint product suite.

## Funding rounds

- Series B, Nov 14, 2019, $9.9M — SEED Capital, SEB Venture Capital, Vidici Ventures
- Series A, Jan 11, 2018, $4.9M — SEED Capital, SEB Venture Capital

## Investors

- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Series A, Series B
- SEB Venture Capital (https://capitalatlas.ai/funds/seb-venture-capital) — Series A, Series B
- Vidici Ventures (https://capitalatlas.ai/funds/vidici-ventures) — Series B