We only run soft credit checks, which means applying won’t affect your credit score. But the application will show up on your credit report.
Timing varies depending on whether we need to ask you for further information - in some cases it only takes a couple of hours. However, most customers are approved within 1 to 2 business days.
Cape is a Principal Member of Mastercard, a partnership that requires a rigorous assessment of Cape’s payment processing capabilities to ensure they are secure and protect against fraud. We have also received funding from notable FinTech investors Aura Ventures, Investible, Scalare Partners, and Mercury Capital. So, yes, you can trust Cape!
You can use your Cape card for any business expenses you want! Many of our customers start by switching their foreign currency expenditure across to Cape, such as SaaS subscriptions paid in USD, to make the most of our $0 international transaction fees.
There is no long-term commitment with a Cape card. Use it as much or as little as you want, make repayments within 30 days, and cancel your card if you need to.
No. You won't need to sign a personal guarantee or use an asset as security to get a Cape card. Approval is based purely on your business financials.
You are set up on a monthly statement date and all transactions within the monthly cycle are payable in full. So you have up to 31 days to pay for a transaction. We make this easy by setting up a direct debit in your Cape account.
We're happy to help! If you have any questions about your Cape account or applying for a card, contact your account manager, call us on +61 2 8311 5153, or email support firstname.lastname@example.org
We are an Australian FinTech company based in Manly that offers corporate cards and tools designed to help businesses save time on expense management and cut down on wasteful spending. We are currently in a BETA phase, with backing from angel investors from companies such as Atlassian, Stripe, LegalVision, and Scalare Partners.