Fintechs aim to build better expense cards for small businesses

Card issuance is just the entry point for fintech services to SMEs, according to Alenka Grealish, senior analyst at Celent.

“The sustainable model is not to be a monoline, providing business expense cards,” she said. “It’s a platform play, so you need to offer a range of products on top of your charge card such as lines of credit, supply chain financing or working capital.”