Cape
Cape is an Australian spend management platform that issues Mastercard-powered business credit cards (up to $500,000, 0% APR, zero FX fees) with integrated expense management, real-time spend controls, and accounting sync for Australian SMEs, operating under ANNA Money Solutions.
- Company typePrivate
- Founded2020
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Cape does
Cape is an Australian fintech operating an all-in-one spend management platform built around a Mastercard-powered business credit card for small and medium-sized enterprises. The platform issues physical and virtual corporate cards with credit limits up to $500,000, 0% APR, zero foreign exchange fees on international transactions up to $50,000, and real-time per-card spend controls and category restrictions. Underlying infrastructure is assembled from third-party providers: Thredd for card processing and issuance, Basiq for open banking and data aggregation, Go Cardless for payment processing, Frankie One for KYC and identity verification, and direct integrations with Xero, MYOB, and QuickBooks for accounting reconciliation. The product suite extends beyond card issuance into expense management, real-time reporting, budgeting, and travel rewards (airport lounge access, travel insurance), with iOS and Android mobile apps supporting receipt capture and live transaction viewing.
The company's revenue model is subscription-based, with plans starting at $39.99 per month scaled by facility size and features, supplemented by FX-related economics above defined thresholds. Go-to-market combines product-led growth via a 4-minute online application and 2-hour approval process targeting Australian SMEs, with a sales-assisted demo channel for businesses migrating from incumbent banks (NAB, CBA, ANZ, Westpac). Distribution is reinforced by an accountant partner program that drives referral flows through bookkeepers. Cape was founded in 2020 by Ryan Edwards-Pritchard, was acquired by UK-based ANNA Money in March 2024, and now operates as a trading name of ANNA Money Solutions Pty Ltd. Revenue grew from $4.5M in 2024 to $37M in 2025, and the company closed a $100M Series C in March 2026 at a $900M valuation.
Cape firmographics
Firmographics- Name
- Cape
- Legal name
- ANNA Money Solutions Pty Ltd
- Website
- https://getcape.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cape is an Australian spend management platform that issues Mastercard-powered business credit cards (up to $500,000, 0% APR, zero FX fees) with integrated expense management, real-time spend controls, and accounting sync for Australian SMEs, operating under ANNA Money Solutions.
- Ownership category
- akta.pro rank
Cape industry classification
Industry- Product category
- Corporate Spend Management
- NAICS
- Credit Card Issuing (522210), Credit Card Issuing (52221)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Business / Corporate Credit Cards (FSAKABAF)
- akta.pro secondary industry
- Central/Lodge Cards & Ghost Cards (Air/Hotel/Rail) (THACAJAB)
Keywords
Where Cape is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Cape business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure
Revenue model
- Business credit card subscriptions: Monthly subscription fees for business credit card access with plans starting at $39.99 per month, varying by facility size and features used. Credit facility provides 0% APR with no interest charges.
- FX fee revenue: FX fees are free on foreign currency transactions up to $50,000, with limits varying by plan. This suggests FX revenue above threshold tiers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Business Plan |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Cape product offering
Product offeringCore offering
Cape issues Mastercard-powered business credit cards (physical and virtual) to Australian SMEs with credit limits up to $500,000, 0% APR, and zero FX fees up to $50,000 per plan, starting at $39.99 per month. The cards are paired with an integrated spend management platform providing real-time expense tracking, per-card spend limits and category restrictions, automated accounting sync with Xero, MYOB and QuickBooks, budgeting, and live reporting through web and mobile apps.
Product overview
Cape is a comprehensive spend management platform for Australian SMEs, built around a business credit card with up to $500,000 in credit at 0% APR and zero FX fees. The platform is structured as an integrated suite of co-dependent modules: the Corporate/Virtual Cards serve as the core spending instrument, which feeds real-time transaction data into the Expense Management, Budgeting, and Real-Time Reporting modules. Finance teams use Spend Control and Budgeting to set per-card limits and category restrictions before spending occurs, while the Accounting Integrations module automatically syncs all activity to Xero, MYOB, and QuickBooks. Additional modules cover Foreign Exchange (zero FX fees), Travel Rewards, and Rewards & Offers. Cape is a trading name of ANNA Money Solutions Pty Ltd and operates as the Australian SME credit card product under the ANNA Money parent brand, which also offers a separate AI-powered business account and tax app for UK small businesses.
Differentiator
Problem solved
Functional benefit
Products and services
- Cape Business Credit Card Mastercard-branded business credit card for Australian SMEs offering credit limits up to $500,000, 0% APR with no interest charges, zero FX fees on foreign currency transactions up to $50,000 per plan, complimentary airport lounge access, and travel insurance.
- Corporate Cards (physical Mastercard) Physical Mastercard-branded corporate cards enabling businesses to issue and track employee cards with custom per-card limits and zero FX fees for team spending.
- Virtual Cards Virtual business credit cards designed for speed and scale, providing flexible and secure card-on-demand issuance for team and supplier spending without a physical card.
- Cape Mobile App iOS and Android mobile application enabling Cape cardholders to submit receipts and view live transactions in real time on mobile devices.
- ANNA Money Business Account (parent offering) AI-powered business account and tax app for small businesses offered by ANNA Money, supporting over 100,000 UK businesses with invoicing, receipt scanning, and tax management. Made available to Australian SMEs post-acquisition of Cape in March 2024 as part of the ANNA platform.
Quantifiable outcome
- Revenue growth from $4.5M in 2024 to $37M in 2025
- +3 more outcomes
Companies that use Cape
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Cape technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Cape partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, minor and core.
- ANNA MoneyflagshipANNA Money acquired Cape in March 2024. ANNA Money is an AI-powered business account and tax app supporting over 100,000 UK businesses. Cape now operates as a trading name of ANNA Money Solutions Pty Ltd in Australia, offering business credit cards as part of the ANNA platform.
- Mastercard Priceless Planet CoalitionminorEnvironmental partnership commitment to restore 100 million trees by 2025 through 18 restoration projects worldwide. Cape participates as a member, contributing to forest restoration efforts in Cambodia, Madagascar, and Brazil.
- MastercardcoreMastercard is the payment network powering Cape's corporate cards. Cape cards are Mastercard-branded and leverage the global Mastercard acceptance network. Cape is also a participant in the Mastercard Priceless Planet Coalition for environmental sustainability.
- Go CardlesscoreGo Cardless is shown as a technology partner on Cape's About page, suggesting integration for direct debit or payment processing capabilities.
- BasiqcoreBasiq is a partner for open banking and financial data aggregation services, enabling Cape's account connection and transaction data capabilities.
- Frankie OnecoreFrankie One provides identity verification and KYC (Know Your Customer) services for Cape's onboarding and compliance processes.
- ThreddcoreThredd is the card processing and issuance platform that powers Cape's physical and virtual card infrastructure.
- XerocoreDirect accounting software integration with Xero for automatic sync of accounts and transaction data. Allows accountants to access client financial data and download statements.
- Critical Slide SocietyminorSustainable merchandise supplier for Cape branded swag and office supplies, supporting Cape's sustainability initiatives.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Cape competitors and assessment
Company assessmentDirect peers
- Airwallex: Australian-founded cross-border payments and corporate card platform serving SMEs and mid-market with multi-currency accounts and zero-FX positioning. Direct competitor to Cape across Australian SME spend and FX-savings use cases, but with materially larger scale and capital base.
- Zeller: Australia-based SME banking and card-issuing platform serving small businesses with EFTPOS, accounts, and corporate cards. Highly comparable to Cape in customer segment (Australian SMEs), geography, and core card-issuance offering, with similar PLG onboarding model.
- Wise Business: Multi-currency business accounts with linked cards for SMEs and freelancers globally, with a strong FX cost-leadership pitch. Competes head-to-head with Cape on cross-border spending, zero-FX positioning, and SME finance workflows.
- Pleo: European corporate card and spend management platform for SMEs with virtual/physical cards, expense automation, and accounting integrations. Closest international analog to Cape in product scope (cards + expense management + integrations) and SME customer base.
Broad incumbents
- Revolut Business: Global multi-currency business account with corporate cards, expense management, and integrations for SMEs and larger companies. Comparable on multi-currency and SME card offering, but operates at much broader scale and across multiple geographies.
- Ramp: US-based corporate card and spend management platform known for aggressive pricing, automation, and rapid product velocity. Comparable product surface to Cape (cards + spend controls + accounting integrations), though focused on the US mid-market.
- Brex: US-headquartered corporate card and business banking platform serving startups through enterprises with AI-powered expense management. Comparable product scope to Cape and a potential ANZ entrant given global expansion ambitions.
- Stripe Issuing: Stripe's card-issuing API platform enabling businesses to create and manage virtual and physical cards. Comparable in card-infrastructure category but serves platforms/fintechs rather than end SMEs directly.
- Block (Square) Banking: Square Banking offers SMB checking accounts and a debit card integrated with Square's payments ecosystem. Comparable SME financial product suite (accounts + card + expense visibility), though anchored in US Square seller base.
Emerging players
- Found: US self-employed/SME business banking account with a debit card and built-in tax tools. Comparable in target customer (small business owners) and integrated account + card + accounting posture, but US-focused.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cape social profiles
Digital presenceCape compliance and trust
Trust signalCompliance5 records
Cape financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cape leadership team
Management profileNumber of profiles
Profiles1 record
Cape funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cape M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cape
What does Cape do?
Cape issues Mastercard-powered business credit cards (physical and virtual) to Australian SMEs with credit limits up to $500,000, 0% APR, and zero FX fees up to $50,000 per plan, starting at $39.99 per month. The cards are paired with an integrated spend management platform providing real-time expense tracking, per-card spend limits and category restrictions, automated accounting sync with Xero, MYOB and QuickBooks, budgeting, and live reporting through web and mobile apps.
Is Cape a public or private company?
Cape is a private company. It is classified as corporate owned and is currently operating.
When was Cape founded?
Cape was founded in 2020. It employs 11 to 50 people.
Where is Cape based?
Cape is headquartered in Sydney, Australia, in the Oceania region.
How does Cape make money?
Two revenue lines are on record. Business credit card subscriptions are the primary driver. The others are FX fee revenue.
Who are Cape's main competitors?
Direct peers on record are Airwallex, Zeller, Wise Business and Pleo. Broad incumbents are Revolut Business, Ramp, Brex, Stripe Issuing and Block (Square) Banking. Found is listed as an emerging player.
Does Cape have an API?
No public API is recorded for Cape.
What industry is Cape in?
Cape's product category is Corporate Spend Management. Its primary akta.pro industry code is FSAKABAF, Business / Corporate Credit Cards, with a secondary code of THACAJAB, Central/Lodge Cards & Ghost Cards (Air/Hotel/Rail). Its NAICS code is 522210 and its SIC code is 6153.