ANNA Money business credit cards
ANNA Money offers corporate cards, payments and expense management in a single platform for businesses.
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Key takeaways
- ANNA Money provides corporate cards and expense management tools, including 0% foreign currency conversion fees.
- Its current beta plan offers unlimited Mastercard corporate cards with no monthly or annual fees.
- Eligibility requires an ABN, over 12 months trading and $75,000+ annual business revenue.
ANNA Money gives you a way to get a single plan for spending and expense management across your business, with cards for employees, card controls and a line of credit.
It also offers integration with accounting software and features that are typical of standalone expense management software like Webexpenses or SAP Concur.
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What is ANNA Money?
ANNA Money (previously known as Cape) is an Australian financial technology (fintech) company that offers corporate cards and tools designed to help businesses save time on expense management and cut down on wasteful spending.
It's currently in a beta phase, with backing by angel investors from companies such as Atlassian, Stripe, LegalVision and Scalare Partners.
Features
Charge card facility
You can add as many ANNA Money cards as your business needs, which can be used anywhere Mastercard is accepted, with access to limits up to $500,000.
0% foreign currency fees
ANNA Money doesn't charge a fee for international transactions. This helps you save around 2–3% compared to some other cards.
No personal guarantee or liability
ANNA Money underwrites credit for your business, which helps separate your work and personal finance responsibilities.
Real-time management tools
Approve spending requests in real-time, set up additional cards for employees, update spend limits for cards and track spending instantly through ANNA Money's platform.
Beta plan
ANNA Money is a relatively new fintech and only offers a beta plan at the moment.
Streamlined accounting integration
ANNA Money currently integrates seamlessly with Xero, QuickBooks, and MYOB - with more accounting platforms expected to be added as the product grows.
ANNA Money plans
Beta plan
ANNA Money currently has a beta plan with some of the key features that will be available on other plans in the future. These include:
- Corporate cards. ANNA Money offers unlimited Mastercard cards for your business.
- Charge card facility. ANNA Money offers charge card limits of up to $500,000 (subject to approval), which have fewer restrictions than prepaid business cards. With this type of card, your business will need to repay what it spends by the due date on each statement.
- Foreign exchange and spending. ANNA Money doesn't charge international transaction fees or include a margin in its FX spending.
ANNA Money plan pricing
ANNA Money's beta plan doesn't currently have a monthly or annual fee. When ANNA Money offers more features, it will provide clear pricing for its plans.
What details will future ANNA Money plans offer?
When ANNA Money officially launches outside of its beta plan, it will offer an all-in-one expense management solution for businesses, with features such as:
- Expense management
- Digital receipt capture
- Customisable card spending controls
- Real-time tracking
- Budgeting tools
- Integration with NetSuite
- Rewards and special offers
How to get an ANNA Money plan
At the moment, you can register your interest in ANNA Money by filling out a short form on its website. You'll then hear from ANNA Money with more details on what's next.
Like any business account, you'll need to meet some requirements and provide key details, which include the following:
Eligibility
- Business registration. Your business must have a valid Australian Business Number (ABN).
- Trading History. Be trading for more than 12 months.
- Business financials. You'll need to show details of your business's financial transactions and have revenue greater than $75,000 in the last 12 months. ANNA Money has made this process simple and quick when you link your Xero, QuickBooks or MYOB account.
Details to include
- Contact details. These include your name, email address and phone number so ANNA Money can contact you.
- Personal ID. Your driver's licence details are needed to help verify your ID and the ID of any employees who will be responsible for managing the account.
Other key details about ANNA Money
Fintech companies such as ANNA Money, Weel and Volopay are becoming more common in Australia. But because these expense management cards and plans are not as well-known or established as a bank, you might want to know more about them before you apply.
Here are some other details to keep in mind when you're looking at ANNA Money for your business:
Security
ANNA Money cards can be individually frozen at any time.
Business details
ANNA Money is a trading name of ANNA Money Solutions Pty Ltd and its ABN is 83 654 770 199. Its registered office address is 212 Cumberland St, Sydney NSW 2000.
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