Cledara uses virtual credit cards to tame the SaaS sprawl

Cledara’s charge card maximized interchange revenue and offered their customers cash back, discounts, and other rewards.

Problem

After successfully launching in Europe with over 500 SMB customers, Cledara selected the US market for expansion. Their vision was to easily launch a credit card in the US without a large in-house development team or legal and compliance expertise. They were looking for a partner that could provide an integrated payments solution that included KYB, card issuance, and sophisticated card controls.

Solution

With Atelio’s support, Cledara launched embedded virtual charge cards allowing them to maximize interchange revenue and offer Cledara's customers cash back deals, discounts, and other rewards. Virtual credit cards are key to managing expenses as they enable controls at a very granular level. Administrators gain visibility and oversight with a single dashboard of all software subscriptions while users can purchase the SaaS subscriptions easily through their individual virtual card. By working with Atelio, Cledara also got help with onboarding their customers (KYB), issuing virtual credit cards, monitoring transactions, and paying a myriad of accounts on Atelio's platform.

3x
increase in transaction volume in Cledara’s first month
15
hours saved per week by SaaS tracking
35%
MRR growth after only 6 months with Bond
TESTIMONIAL
“Atelio has been super supportive at helping us launch in the US without even being able to come to the US in person. That’s really the key—being able to have two parties who want to make it happen where decisions are made quickly, where iteration is fast, and where there is focus.”
Cristina Vila Vives
,
Co-founder & CEO, Cledara
,
Cledara