New investment: Cardlay
Vidici Ventures invests in Cardlay A/S, a Danish FinTech focusing on white-label solutions and cardholder apps for automated travel expense management and VAT reclaims.
Cardlay’s software automates business processes by leveraging the integration between Corporate Cards, Travel Expense Management and VAT reclaim using machine learning and OCR technology.
Cardlay’s customers, including banks and card issuers, can rapidly introduce innovative, client-centric solutions across their card portfolios, while end-customers benefit from significant efficiency gains, driven by the digitalization of the travel expense management and VAT handling.
Cardlay has won a number of industry awards, including the ”Fintech Scaleup Award 2018” and “Best Payment Solutions Fintech Company – Northern Europe” by Wealth & Finance International.