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Cardlay

Cardlay

Private
CopenhagenFinTechhttps://cardlay.com/

Last Round

VC Round

Mar 10, 2022

Total Funding Raised

$28.61M

Company Overview

Cardlay is a fintech company that provides a white-label platform for corporate card and expense management designed for banks, card issuers, and financial institutions.

Sector

FinTech

Verticals

Digital Payments, Accounting & Expense, Corporate Banking, Digital Banking

Business Model

B2B2C

Customer Profile

Subscription SaaS, Usage-Based SaaS

AI Layer

Application

Keywords

spend managementwhite-label bankingembedded financecard issuanceexpense managementcorporate cardsexpense automationAPI platformspend controlsbaasbanking as a servicefintech infrastructurevirtual cardsspend management softwareai expense assistant

Historical Pricing

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Caplight Momentum Score

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Cardlay Comparables

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Cardlay comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Extend
82%
Zact
78%
Findity
77%

Cardlay Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 10, 2022
Series BApr 14, 2021
Series BNov 15, 2019
Series AJan 11, 2018
SeedDec 22, 2016
Angel
Aug 26, 2016

Key People

Founding team and executive leadership

Michel Thorsen

Chief Technology Officer

Executive Team

Cardlay Investors

Notable investors and investment history

Cardlay investors
InvestorRounds
SEB Venture CapitalSeries B, Series A
Global Paytech VenturesVC Round, Series B
PreSeed VenturesSeries B
SEED CapitalSeed, Series A, Series B
Gundersen Family OfficeVC Round
Seed CapitalSeed, Series B, Series A
SEB Venture CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 25, 2026

    Launched U.S. embedded spend platform for incumbent companies.

  • May 5, 2025

    Alan Koenigsberg, former President of Visa Global Services, joins the board.

Cardlay Filings

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Cardlay filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Firmographic Details

HeadquartersCopenhagen
Employee Range54
Year Founded2016
Last FundingMar 10, 2022

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