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 565 Finder guides across topics including:
If you’re a business owner that travels or spends overseas, Airwallex Borderless Cards give you a way to save on fees and manage employee spending. Weigh up the features and costs here.
Live eftpos black is a wireless, handheld EFTPOS option from Australian payment service provider Live eftpos – and it gives you a way to earn Qantas Points for card transactions.
Learn how you can accept credit card payments online, compare a range of online payment solutions, including merchant accounts, payment gateways and extras such as Apple Pay acceptance.
Need to accept credit card payments for your business? Here's a look at options including traditional EFTPOS machines, portable card readers and online credit card processing platforms.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
