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Thredd partners with Cape to unlock payments innovation in Asia Pacific

Thredd partners with Cape to unlock payments innovation in Asia Pacific

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Australian B2B fintech scale-up Cape has adopted Thredd as its issuance processor, bolstering Cape’s expansion across the Asia-Pacific region.

Founded in Sydney in 2020, Cape is led by Ryan Edwards-Pritchard to help businesses make smarter spending decisions, improve efficiency and realize time and cost savings By doing so, we aim to revolutionize expense management.

Last year, the company raised A$3.1 million in development funding for 2022 and welcomed its first early adopters.

We are excited to work with Thredd, who we believe are the ideal partner to help us get to market quickly and scale,” said Edwards-Pritchard. “The company’s latest platform with open APIs and advanced analytics is unparalleled and provides unprecedented control for rapidly growing fintechs in the Asia Pacific region such as the Cape.”

Cape believes Thredd’s cloud-based technology will allow it to issue highly configurable cards to customers with dynamic card controls, streamlining purchase flows and reducing fraud risk.

Damian Goff, Head of Asia Pacific at Thredd, also commented: “Access to financing has always been a hurdle for small businesses, and using credit cards responsibly with seamless management and integration into accounting software makes all the difference. , more than ever, you need to closely track and manage your team’s expenses with real-time insights, controls and limits.

“We are thrilled to partner with Cape, who are rapidly scaling the products they need across Asia Pacific, leveraging our underlying payment technology and experienced team in the region. partners to solve real-world challenges and help businesses use advanced digital tools to carefully manage and optimize cash flow.

Thredd will be rebranded from Global Processing Services (GPS) in April 2023 to reflect the company’s role in weaving together the various threads of the next-generation global payments ecosystem to fuel the growth of electronic payments. changed.

Sources

1/ https://Google.com/

2/ https://thefintechtimes.com/thredd-ties-up-with-cape-to-unleash-payment-innovation-in-asia-pacific/

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