Cardlay secures €9m funding round

The company has also signed a deal to integrate with Eurocard, the largest card issuer in Scandinavia, to accelerate its international expansion. Through the new partnership, Cardlay will make its offering available as a build-in service to a million corporate cards in the Nordic region. The agreement will also involve the integration of receipt and expense management.

In view of its partnership with Eurocard and future agreements in the pipeline, Cardlay expects to triple its number of employees and is now aiming to expand globally, the company said.

Company
Founded in 2016 and headquartered in Copenhagen, Cardlay is a finanical technology company that provides card issuers with new payment card functionalities, such as a single-software platform to issue, load and manage cards and expenses globally. It currently employs 50 people.

People
Cardlay – Jørgen Christian Juul (CEO, founder).

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• Topics
• Expansion
• Nordics
• Technology
• Denmark
• SEED Capital
• SEB Venture Capital
• Venture
• Fintech