Use Monzo to handle corporate travel advances


(Jonas Colen Ladeia Torrens) #1

Monzo prepaid cards could be repurposed to serve as the means for handling business travel expenses. Some companies already use prepaid cards, other do use apps, but I don’t know of any system which combines the advantages you guys already offer:

  • immediate balance
  • expenses breakdown
  • receipt pictures
  • tracking different trips

This could work as a separate card, which the company can top up. You would need a system to handle payments to multiple cards (company side, security would be critical), and a system of reporting back (for companies which require detailed expenses) or transfer out of the card (for companies operating per diems), where simplicity would be critical. As I understand it, Monzo already does the latter very well.

I would love if my company operated in such a way. I hope you continue developing this amazing project. Do let me know if you want to hear more about the idea.

Cheers


#2

Concur do this. Perhaps not immediate transactions view but everything else you mention. Sure there are others.


(Change Works) #3

If I understand you correctly, you’ll need to persuade Monzo to not transition out of prepaid cards, I suppose.


(MikeF) #4

That bird has already flown but there’s nothing to say that they won’t, one day, implement something similar using their own systems as a base.


#5

expend.io do this


(Daniel White) #6

There’s also pleo.io


(Jonas Colen Ladeia Torrens) #7

I meant that they could use their current tech for another application. I already converted to the new accounts, but noticed it would have been useful in another context.


(Jonas Colen Ladeia Torrens) #8

Indeed, the examples you shared do what I was suggesting. Thanks for pointing it out