What Eurocard does

Eurocard, founded in 1965 and headquartered in Stockholm, Sweden, provides corporate payment solutions to multinational corporations operating across the European Economic Area. The company has rebranded its corporate solutions to AirPlus, positioning the business as a single-vendor, multi-country alternative to fragmented local payment suppliers. Its core offering is the AirPlus Corporate card, a high-spending-limit card with worldwide acceptance, supported by a card-administration service for client administrators and SEPA Direct Debit for Eurozone invoice automation.

Underlying technology centers on a centralized payment and account platform that consolidates transactions across all EEA countries into one system, combined with the Global Data Manager reporting module that delivers statistics on enterprise-wide spend, summarizable or split by business need. The platform integrates electronically with client expense management and accounting systems and is compatible with centralized Nordic travel-agency procurement, allowing travel-account and card transactions to flow through the same infrastructure.

Revenue is generated primarily through transaction fees on corporate card spend and SEPA Direct Debit payments, supplemented by managed services for expense data integration. Distribution is via direct enterprise field sales targeting multinationals with EEA subsidiaries, supported by a customer web portal and mobile app for self-service. Public pricing is not disclosed, consistent with quote-based enterprise contracts. The company employs 501-1000 staff.

Name

Eurocard

Website

https://eurocardinternational.com

Company type

Private

Founded year

1965

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Eurocard (now AirPlus) provides EEA-wide corporate payment solutions, including the AirPlus Corporate card, SEPA Direct Debit, card administration, and Global Data Manager reporting, for multinational corporations seeking unified cross-border payment infrastructure.

Ownership category

akta.pro rank

Product category

Corporate Payment Services

NAICS

Credit Card Issuing (522210), Credit Card Issuing (52221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Commercial & Corporate Card Schemes (FSAMAAAF)

akta.pro secondary industries

Central/Lodge Cards & Ghost Cards (Air/Hotel/Rail) (THACAJAB), Accounts Payable Automation & Invoice Payments for Travel Suppliers (THACAJAI)

Keywords

• Corporate payment cards
• Expense management services
• SEPA direct debit
• Multinational payment solutions
• Corporate travel payments

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Corporate Card Services: Corporate payment card solutions providing high spending limits and global acceptance for multinational employees. Revenue generated through card transaction fees and processing services.
2. Expense Management Services: Electronic transfer of card transactions to company expense management systems, providing administrative efficiency for corporate clients.
3. SEPA Direct Debit Payments: Automated invoice payment services within the Eurozone for corporate clients.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Eurocard (now operating under the AirPlus brand) provides international corporate payment solutions for multinational organizations with subsidiaries across the European Economic Area (EEA). It issues corporate cards with high spending limits and global acceptance, automates Eurozone invoice payments via SEPA Direct Debit, and offers centralized card administration and reporting through its Global Data Manager tool, consolidating all payment and account transactions into a single integrated system.

Product overview

Eurocard corporate solutions have transitioned to AirPlus, operating as a unified platform for international corporate payment solutions. The portfolio includes AirPlus Corporate (a high-spending-limit corporate card accepted globally), Administrators services (card administration efficiency tools), SEPA Direct Debit (automated Eurozone invoice payments), and Global Data Manager (centralized reporting and statistics). The platform consolidates payment solutions across multiple EEA countries into a single system, enabling companies to manage global card transactions, automate expense management, and unify travel administration through one integrated solution.

Differentiator

Problem solved

Functional benefit

Products and services

• AirPlus Corporate Card A corporate payment card with a high spending limit accepted worldwide, designed for cardholders in multinational organizations who need substantial purchasing power and global acceptance.
• Administrators (Card Administration Services) Card administration services that make a company's corporate card management more efficient, providing management tools for corporate payment solutions across multiple countries within the EEA.
• SEPA Direct Debit A European payment service that automates the payment of invoices within the Eurozone, enabling automated invoice payment processing for corporate clients operating across EEA countries.

Quantifiable outcome

• Cost-effective processes through electronic transfer of card transactions to expense management system

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators1 record

Expansion highlights3 records

Emerging players

• Yokoy: European AI-based spend management platform with corporate cards. Adjacent competitor addressing the same enterprise expense automation category as AirPlus, primarily in the DACH market.
• Spendesk: European spend management solution combining cards, invoicing, and approvals. Adjacent competitor to AirPlus in corporate expense automation, primarily targeting European SMEs and mid-market.

Direct peers

• Brex: Issues corporate cards with integrated expense management for businesses. Comparable to AirPlus in targeting corporate spend with cards-plus-software, though Brex's primary markets are North America and Brazil.
• Soldo: European spend management platform with corporate cards and multi-country coverage. Comparable to AirPlus for multinational expense and card programs across Europe.
• Pleo: European fintech providing corporate cards and expense management for businesses. Directly comparable to AirPlus in serving European companies with card-based spend controls, though more focused on SMEs and mid-market.
• AirPlus (Lufthansa Group): Listed for completeness as the parent entity/brand after the Eurocard rebrand. AirPlus historically operated as a Lufthansa subsidiary and remains the direct comparable for Eurocard's continuing business.
• American Express Corporate Services: Issues corporate cards with global acceptance and centralized expense reporting tools. Directly comparable to AirPlus in targeting multinational corporations with cross-border card and travel payment needs.

Broad incumbents

• SAP Concur: Global travel, expense, and invoice management platform that integrates with corporate card programs. Comparable to AirPlus' Global Data Manager and travel administration capabilities at a broader enterprise scale.
• Mastercard Corporate Card Solutions: Operates a broad corporate payments portfolio built on its global network. Comparable to AirPlus as an alternative corporate card scheme for multinational enterprises, though Mastercard is a network rather than an issuer.
• Visa Business / Corporate Card Programs: Provides corporate and business card infrastructure globally. Overlaps with AirPlus in the corporate payment and travel space and competes at the network level for card-based B2B spend.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/eurocard

Revenue estimate

Valuation estimate

Number of profiles

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 Eurocard