CardUp is a credit card enablement platform that brings value to both individuals and businesses by improving the way they pay and get paid, access credit and manage payments.
The company started by allowing any big expense previously made by bank transfer, cheque or cash to be shifted to card, even where cards are not accepted. Examples include rent to a landlord, insurance premiums, payroll, supplier invoices and more. CardUp has since gone on to launch merchant card solutions, card enablement and payment automation tools that help SMEs save time and automate their finance processes.
CardUp manages hundreds of millions of dollars in payment volume in the region today. As of 2020, CardUp operates in Singapore, Hong Kong and Malaysia.
Launched Singapore operations
Finalist in the Global Hackcelerator organised by the Monetary Authority of Singapore
Participated in The FinLab organised by UOB Bank
Raised $1.6M in Seed funding
Participated in Mastercard's global StartPath programme
Nominated as a Top 10 Finalist in the ASEAN Open Category at the 2018 Singapore FinTech Awards
Launched B2B receivables product, CardUp Collect
Operational in Hong Kong and Malaysia
Selected for Cyberport, the Hong Kong Government's tech incubation programme
Launched our international payments feature
Selected to be part of SAP.iO Foundry's FinTech and COVID-19 Recovery Acceleration Program
Nominated as a Finalist in the 2020 TechBlazer Awards
Licensed by the MAS as a Major Payment Institution
“The platform acts as a link between cardholders and merchants that don’t accept credit cards.”
"CardUp provides an opportunity to earn credit card rewards, access interest-free credit and digitise payments - making big payments rewarding."
“Tech companies, with their scale, speed to market and digital ethos, have been able to launch payment products in competition with traditional banks. ”
"Consumers and enterprise users have the additional incentive of earning rewards like rebates and air miles that traditionally come with credit card usage."
"It enables users to maximise card benefits; it also does not require fund recipients to accept credit cards."
"...the ability to use their existing credit card limits to extend business payables up to 55 days, interest-free."
“CardUp is a platform that allows consumers to pay for their rents and other expenses by credit card.”
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