Expensify's new payment product is not what comes to mind for most people when they think "corporate card." While technically it's a credit card, effectively it's a debit card with the controls of a pre-paid card. It doesn't seem to be an idea that could replace T&E cards at large companies. For small firms, it competes with business cards and offers a nifty addition to Expensify's core expense solution.

Most interesting is why Expensify, which claims more than 100,000 business customers, is doing this now.

During . . .

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