KleerCard Inc, a Hampton Roads-based company that offers a corporate credit card and expense management app, has entered into a partnership with Thiele Capital Management to establish a $50M line of credit. This collaboration will aid in expanding the KleerCard corporate card services for business clients across the United States. The KleerCard technology simplifies expense management and automates accounting procedures for businesses, allowing users to handle company cards, pay bills, and monitor charges in real time. With a rapidly growing clientele that includes professional sports teams, schools, and startups, this partnership represents a significant advancement in KleerCard’s growth trajectory.
Partnership Announcement
KleerCard Inc, a Hampton Roads-based corporate credit card and expense management app, has partnered with Thiele Capital Management to establish a $50M line of credit to continue expanding service for business clients across the United States.
CEO Statement
KleerCard Co-founder and CEO, Adam Alphin said that business has grown much faster than he anticipated. He added: “Businesses have transformed their operations as a result of COVID, the supply chain challenges, and the great resignation. KleerCard is so ridiculously easy to sign up for and use to eliminate expense reports, automate accounting, and control all company cards from one easy app.”
Partner’s Perspective
TCM CIO Alex Thiele commented on the partnership: “The team at KleerCard has accomplished so much in such a short period. They have the perfect combination of talent on their team, product-market fit, and a focus on customer success that will continue to transform how businesses manage their spending. TCM is excited to help power KleerCard’s continued growth.”
Technology Overview
KleerCard’s technology makes it easy for businesses and LLCs to manage all their expenses and automate the accounting with one easy-to-use app. Customers can order physical cards, create unlimited virtual cards, set controls on those cards, pay bills, and see all charges in real time. KleerCard has over 500 customers, including professional sports teams, lawn care companies, schools, trucking and logistics, and startups.
For more information on KleerCard, visit www.GetKleerCard.com
Question & Answer
What is the recent partnership announcement involving KleerCard Inc?
KleerCard Inc has partnered with Thiele Capital Management to establish a $50M line of credit to expand services for business clients across the United States.
What does KleerCard’s technology offer to businesses?
KleerCard’s technology simplifies expense management, automates accounting procedures, allows users to handle company cards, pay bills, and monitor charges in real time.
Who is the CEO of KleerCard Inc and what did he mention about the company’s growth?
KleerCard Co-founder and CEO, Adam Alphin mentioned that the business has grown much faster than anticipated due to the impact of COVID, supply chain challenges, and the great resignation. He highlighted the ease of signing up for KleerCard and using it to eliminate expense reports, automate accounting, and control company cards.
How does Thiele Capital Management view the partnership with KleerCard?
TCM CIO Alex Thiele expressed excitement about the partnership with KleerCard, praising the team’s talent, product-market fit, and focus on customer success. Thiele Capital Management is looking forward to supporting KleerCard’s continued growth.
