ComCard aims to challenge US corporate banking with rewards-based card
A corporate banking challenger has emerged in the United States, as ComCard seeks to provide a rewards-based business card for merchants and small businesses.
The Los Angeles-based start-up says on its website that it aims to “simplify financial management” and “provide key insights to help businesses with rising expectations grow painlessly”.
Users will be provided cashback and rewards for making purchases from merchants in its network, and for spending at sites that supply businesses, like hardware stores.
The challenger’s corporate card is issued in partnership with Ohio-based Sutton Bank and licensed by Mastercard.
ComCard was founded in 2019 by Chingis Akatayev and Alex Bondarevskiy. Akatayev is a business consultant and co-founder of cannabis investment group Capna Technologies. Bondarevskiy is a serial developer and CEO of web development firm UPDG.