Cardlay, an Odense, Denmark-based fintech company, secured $5M in funding.
Backers included Seed Capital and SEB Venture Capital as well as Thorleif Krarup, Klaus Holse, Jørgen Bardenfleth and Herbert Nathan.
The company intends to use the funds to execute their internationalization and cooperation with international banks.
Led by Founder Jørgen Juul, Cardlay provides a cards and expense management platform for commercial banks. Offering new payment card functionalities, the company is providing added value within cards, transactions, travel expense management, mileage, and VAT reclaim with a single software platform to issue, load, and manage cards and expenses globally for complete visibility and optimization in all processes.