Cape 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.
Cape Business Card Offer
Cape Mastercard Interest-Free Days Business Credit Card
0% foreign transaction fees
Eligibility criteria, terms and conditions, fees and charges apply
Cape Business Card Offer
Designed for small businesses, this charge card offers 0% foreign transaction fees and credit limits from $5,000 up to $500,000.
Plans start at $39.99/month (waived for the first month)
0% purchase interest rate
Free physical cards for employees
Ability to set spending limits, controls and track business expenses in real-time
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.
Pros and cons
Pros
Charge card facility. You can add as many Cape cards as your business needs, which can be used anywhere Mastercard is accepted, with access to limits up to $100,000.
0% foreign currency fees. Cape 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. Cape 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 Cape's platform.
Cons
Limited plans. Cape is a relatively new fintech and only offers a beta plan at the moment.
Features still in development. The Cape website lists key features as budgeting, spend control, foreign exchange, accounting integration and rewards but not all its features are available yet.
Limited accounting integration. Cape currently offers integration with Xero, QuickBooks and MYOB. If you use another software, you'll need to wait for it to be added or look at another option for your business.
Cape plans
Beta plan
Cape 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. Cape offers unlimited Mastercard cards for your business.
Charge card facility. Cape offers charge card limits of up to $100,000 (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. Cape doesn't charge international transaction fees or include a margin in its FX spending.
Cape plan pricing
Cape's beta plan doesn't currently have a monthly or annual fee. When Cape offers more features, it will provide clear pricing for its plans.
What details will future Cape plans offer?
When Cape 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 a Cape plan
At the moment, you can register your interest in Cape by filling out a short form on its website. You'll then hear from Cape 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. Cape 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 Cape 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 Cape
Fintech companies such as Cape, 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 Cape for your business:
Security
Cape cards can be individually frozen at any time.
Business details
Cape is registered as Cape Pty Ltd and its ABN is 83 654 770 199. Its registered office address is 19-21 South Steyne, Manly, NSW 2095.
Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full bio
Amy's expertise
Amy has written 588 Finder guides across topics including:
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