Koffie Creates Credit score Card for Trucking Fleets – Fleet Administration
The Koffie Card will embrace spend administration and expense monitoring capabilities.
Picture: Koffie
Koffie Monetary will launch a bank card constructed particularly for for-hire trucking fleets within the U.S.
“The trucking trade is chargeable for transporting 80% of products within the US and generates over $700B in annual income, but continues to be wholly underserved within the credit score market in the present day,” explains Mike Dorfman, cofounder and chief working officer of Koffie. “Current card options for truckers are debit solely and miss the mark on controlling bills and aligning monetary incentives.”
Koffie partnered with Energy, a bank card issuance platform targeted on the business house, to launch the Koffie Card.
“Energy’s all-in-one-credit platform permits Koffie to supply a extremely differentiated product in a market dominated by offline and outdated fee strategies resembling paper invoices and debit playing cards,” Koffie officers mentioned.
The providing will embrace spend administration and expense monitoring capabilities, supplied natively inside Koffie’s platform.
“Now greater than ever, verticalized monetary options are crucial to assist the distinctive wants of particular and vital industries resembling trucking, which is already hyper-margin-sensitive,” says Randy Fernando, founder and CEO at Energy.
