Last year, Cardlay, a Danish fintech company, secured €9 million in new funding and landed a Nordic partnership with Eurocard. Recently, the company has made an agreement with Mastercard Europe in an attempt to internationalise its financial scene.
Notably, Cardlay’s white-label expense management solution and automatic VAT reclaim are now available to Mastercard’s network of European issuing banks. This means that Cardlay’s solution, which already supports more than one million corporate cards in the Nordic countries, is now rapidly being distributed to Mastercard’s partner banks across Europe.