What KHInc does

KHInc (legally Kropp Holdings, Inc., incorporated in Florida and headquartered in Overland Park, Kansas) is a privately-held fintech infrastructure provider that has operated continuously since 1988, specializing in closed-loop fuel procurement and payment processing for the global aviation and marine sectors. The company connects government fuel buyers, commercial operators, and fuel merchants through a unified payment network, facilitating approximately 340 million gallons of fuel purchases annually across 7,500+ ICAO locations in 220+ countries (aviation) and 2,800+ ports in 175+ countries (marine), with 20,000+ cardholders representing $1.5B+ in aggregate buyer spending power. KHI's product suite includes four card-based payment solutions: AIR Card® and SEA Card®, operated under trademark license from the Defense Logistics Agency for U.S. DoD military and federal civilian agency fuel procurement; the proprietary KHI Card for commercial general aviation; and the RESQ Card for first responders. Supporting infrastructure includes avPOS (a web-based point-of-sale system for aviation merchants), the AIR Card Portal, SEA Card Online (with RFQ and competitive-bidding capability), and a Digital Order-to-Cash System for electronic invoicing and reconciliation.

The underlying technology is a proprietary purpose-built fintech platform integrating payments, tracking, invoicing, and communications, with backend payment processing capabilities delivered through an affiliate and technology partnership with TreviPay. KHI holds ISO 9001 (quality management) and ISO 27001 (information security) certifications from BSI, prerequisites for handling sensitive government fuel procurement transactions. Revenue is earned through transaction fees on processed fuel purchases, with merchants able to select reimbursement timelines of 3, 10, 14, or 28 days; pricing is not publicly disclosed and is negotiated individually.

The go-to-market combines enterprise field sales targeting government agencies (DoD, federal civilian, first responders) and commercial aviation operators, alongside a channel-partner motion that recruits Fixed Base Operators and marine bunkering merchants into the network through formal merchant agreements, onboarding, and training. With 11-50 employees, the company operates as a subsidiary of Kropp Holdings, Inc., appears to be self-funded or bootstrapped with no disclosed venture capital, and positions itself through NBAA membership and direct relationships within the global aviation and marine fueling ecosystem.

Name

KHInc

Legal name

Kropp Holdings, Inc.

Website

https://khinc.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

KHInc is a privately-held fintech infrastructure provider operating since 1988 that delivers closed-loop fuel procurement and payment processing for U.S. government agencies, commercial aviation operators, marine bunkering merchants, and first responders across 220+ countries via its AIR Card, SEA Card, KHI Card, and RESQ Card programs.

Ownership category

akta.pro rank

Product category

Aviation and Marine Fuel Payment Solutions

akta.pro primary industry

Fuel Card & Fleet Payment Programs (TLABAMAA)

akta.pro secondary industry

Fuel Management & Fleet Card Programs (THADAKAH)

Keywords

• Aviation fuel payments
• Marine bunkering payments
• Government fuel procurement
• Closed-loop payment network
• Merchant fuel processing

Headquarters

HQ city

Overland Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Fuel Payment Processing Services: KHI facilitates fuel purchases between buyers and merchants, earning fees for transaction processing. The platform enables buyers to procure fuel while guaranteeing merchants reimbursement within specified timelines (3, 10, 14, or 28 days).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

KHInc operates a closed-loop fuel procurement and payment network for the aviation and marine industries, issuing branded card products (AIR Card®, SEA Card®, KHI Card, RESQ Card) that allow government agencies and commercial operators to purchase fuel from authorized merchants. The platform connects fuel buyers and a network of merchants, handling authorization, capture, and merchant reimbursement for fuel and ancillary ground-support transactions.

Product overview

KHInc operates as a unified fintech platform for aviation and marine fuel payments, offering a closed-loop payment ecosystem with four core card products: AIR Card® (for government aviation fuel procurement), SEA Card® (for government marine fuel procurement), KHI Card (for commercial aviation and first responders), and RESQ Card (for first responders). The platform is powered by affiliate and technology partner TreviPay, which integrates fintech innovations for secure payment processing. Supporting sub-products include avPOS (web-based point of sale for AIR Card merchants), SEA Card Online (order and invoice management for marine merchants), and the AIR Card Portal (invoice entry for aviation merchants). The company provides merchant-facing tools and buyer-facing payment solutions connected through a single integrated network spanning 220+ countries and territories.

Differentiator

Problem solved

Functional benefit

Products and services

• AIR Card® Aviation fuel procurement and payment card that enables government and commercial aircraft operators to purchase fuel and ancillary ground-support services at authorized FBOs and merchants, with centralized billing.
• SEA Card® Marine bunkering and provisioning card for ship operators, providing a centralized payment method for fuel, lubricants, and supplies at authorized ports and marine fuel suppliers.
• KHI Card Proprietary payment card product supporting fuel and procurement transactions across KHInc's network of authorized merchants.
• RESQ Card Payment card for ground support and ancillary services, including rescue, recovery, and related operational services at airports and ports.

Quantifiable outcome

• Reconciliations completed in days rather than weeks or months
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• TreviPaycoreTechnology or IntegrationTreviPay is KHI's affiliate and technology partner that provides fintech infrastructure and integrations. Together with TreviPay, KHI integrates the latest fintech innovations to make processing payments faster, simpler, and more secure for aviation and marine fuel operations worldwide.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Phillips 66 Aviation: Phillips 66 Aviation is a major branded aviation fuel supplier with its own FBO card-acceptance program and payment services. It operates at the merchant/fuel-supply layer overlapping with KHI's aviation merchant network, but as a refiner-branded incumbent rather than a pure payment processor.
• U.S. Bank Voyager Fleet: U.S. Bank Voyager is a widely accepted fleet fuel card with nationwide merchant acceptance and government customer penetration. It is an incumbent closed-loop fleet payment network overlapping with KHI's general aviation and government fuel programs.
• World Fuel Services: World Fuel Services is a global aviation, marine, and land fuel distributor with embedded payment and procurement services for commercial and government operators. It competes with KHI in aviation and marine fuel procurement at much larger scale and broader scope.
• Pilot Flying J: Pilot Flying J operates one of the largest travel-center and truck-stop fuel networks in North America with its own fleet card program. It is a broader incumbent in commercial fueling and fleet payments than KHI's niche aviation/marine focus.

Direct peers

• Avfuel: Avfuel supplies aviation fuel and offers FBO payment and card-acceptance programs to general aviation and commercial operators. It competes with KHI for FBO merchant relationships and aviation fuel transaction volume.
• WEX Inc. WEX is one of the largest fleet fuel card and payment processors globally, serving commercial and government fleets with closed-loop fuel payment networks and merchant acceptance. It is a directly comparable fuel-card and fleet-payments operator to KHI, operating at materially larger scale.
• Fleetcor Technologies: Fleetcor operates a portfolio of fuel card brands (including Comdata and Fuelman) used by commercial fleets and government customers, with global acceptance networks and merchant payment processing. It directly competes with KHI's fuel card and fleet payments model.
• Comdata: Comdata (a Fleetcor subsidiary) is a major fleet card and payments platform with strong penetration into trucking and government fuel programs. It mirrors KHI's role as a closed-loop fuel payment intermediary between buyers and merchants.
• EPIC Fuels: EPIC Fuels provides aviation fuel supply, branded card programs, and payment solutions to FBOs and commercial operators. Its aviation card-acceptance network directly overlaps with KHI's AIR Card merchant ecosystem.

Others

• MultiService Technology Solutions: MultiService Technology Solutions provides technology and back-office support to fuel card programs, including merchant agreement processing for aviation and marine networks. It is an ecosystem partner to KHI rather than a direct competitor, enabling similar fleet-payment programs for other issuers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kropp-holdings-inc.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KHInc