The Rippling Visa corporate card, powered by Marqeta, comes with a spend management platform and Human Capital Management back office for seamless integration, permissions, monitoring, and controls
 
Rippling, the leading workforce management platform, Visa, a world leader in digital payments, and Marqeta, the global modern card issuing platform, today announced the launch of their innovative corporate card tailored specifically for Canadian businesses. This is the first corporate card powered by a  full-suite technology company in the country and represents a significant investment in Canada.
 
Revolutionizing Corporate Spending in Canada
 
The Rippling Visa Corporate Card is poised to transform corporate spending and financial management for Canadian businesses with automatic card issuance, built-in spending controls, and comprehensive expense management—all in one card.
 
The card launches as a new study, conducted by Maru Blue in July 2024, reveals that in the past year, 31% of Canadian workers who filled out expense reports claimed personal expenses (such as personal lunches or supplies) as business expenses, while 24% of workers admitted they have inflated personal expenses for reimbursement by their workplace.*
 
It also comes as more companies look for ways to curb spending and operating costs. A recent Rippling study found 72.5% of C-suite leaders are even more likely to prioritize controlling operational and overhead costs in 2024, and 43.8% of finance teams spend over half their time on administrative tasks. Finance departments using Rippling reported needing 40% fewer staff to execute the same activities, simplifying management as companies grow.
 
“Unlike existing corporate cards in Canada, the Rippling corporate card integrates a company’s employee records, enabling real-time spend monitoring, payroll integrations, and custom analytics,” explains Rippling COO Matt MacInnis. “This system automates spend oversight, ensures policy compliance, virtually eliminates unauthorized spending and manual tracking to save Canadian businesses money.”
 
Designed to meet the needs of businesses of all sizes, the Rippling card is powered by Marqeta, the global modern card issuing platform, and provides unparalleled access to best-in-class financial technology tools, often reserved for larger countries. For Rippling’s COO, the launch became personal.
 
“Growing up in Nova Scotia, I was frustrated to see US products that I wanted but couldn’t get in Canada. Even today, Canadian businesses have limited options when it comes to modern spend management products,” says MacInnis. “Bringing a first-of-its-kind fintech product to Canada is a point of pride for me.”
 
Key Card Features:
 
Integrated Back Office / Expense Management: The only corporate card with a fully built-in back office and comprehensive spend management solution. This unified and streamlined system simplifies spend management, enhances reporting accuracy, and empowers finance leaders with strategic insights.
 
Advanced Spend Controls: Unique proactive and customizable controls such as merchant and category restrictions, custom spending limits, and one-time use cards to stop out-of-policy spending before it happens.
 
Real-Time Visibility: Full financial oversight with up-to-the-minute monitoring of all transactions, ensuring transparency and accountability. Monitors current spend by department, level, or headcount, and blocks out-of-policy spending in real time.
 
Automated Onboarding and Offboarding: The first HR platform that automatically issues corporate cards to new employees during onboarding and disables them during offboarding, reducing administrative burdens and enhancing security. Instantly adds new users, sets spend limits, and cancels cards with the click of a button.
 
No Credit Checks Required: No need for personal credit checks or guarantees.
 
Data Consolidation: Eliminates need to manually consolidate siloed by providing a unified platform.
 
Reconciliation and Compliance: Automates expense categorization and syncing with a general ledger, reducing manual effort and errors while enhancing efficiency.
 
Automated Reconciliation: Provides no-touch reconciliation for expense management, ensuring that internal and external financial records align seamlessly. It integrates with major accounting software, enhancing compliance, reducing administrative burdens, and promoting responsible spending.
 
 “This solution was designed to meet the complex needs of enterprises across Canada, adding efficiency and value to their everyday operations,” said Chris Ferron, Head of Fintech and Digital Partnerships at Visa Canada. “We’re proud to work with Rippling to bring this new product to market and empower businesses with more speed, convenience, and control in the way they pay,”
 
“We’re proud to partner with Rippling to power the modern spend management solutions that make it easier for businesses to keep track of their expenses and sustain growth,” said Todd Pollak, Chief Revenue Officer, Marqeta. “Competition is fierce for businesses today, and we’re looking forward to supporting Rippling’s customers in Canada as they boost efficiency with this solution.”
 
Rippling’s bold step into the Canadian market with this corporate card underscores its commitment to empowering Canadian businesses with the financial tools they need to succeed. For more information about the Rippling Visa Corporate Card, visit https://www.rippling.com/en-CA/corporate-cards.