Incard

Incard is a London-based financial platform aimed at high-growth, digital-first companies. Its product set combines multi-currency business accounts with local payment rails, virtual and physical corporate cards, money transfer to 154+ destinations in 28+ currencies, connected banking that aggregates external bank accounts into a single view, and Flex Cards that allow spend to be repaid in 42 days at 0% interest without a credit check. Accounts and cards support GBP, EUR and USD balances, with automatic conversion at market rates and no stated foreign transaction fees.

The company positions the platform as a "financial operating system": an orchestration layer sitting on top of banking, payments and financial tools, providing centralised financial operations, real-time cash-flow visibility and spend insights. Cards carry spend controls (daily, weekly, monthly and lifetime limits, per-transaction caps, merchant restrictions) and real-time analytics by merchant, team member and category. An Incard App Store lets customers extend the platform with additional finance and commerce tools such as invoicing, spend management, treasury and working capital, selected by industry and stage of growth.

Cashback is a central feature: uncapped rewards with rates that rise with spending milestones, quoted at 2% on advertising, SaaS, travel and lifestyle, 3.5% on rideshare and 1% on other spend, up to 3% overall depending on plan and category. The platform is available across the UK and EU, with the company stating it is adding further regions and currencies.

Founding story

The company was created by entrepreneurs Theo Cesarini, Soraya Tribouillois, Liam Seskis and Matteo Martino, who as serial entrepreneurs experienced a fragmented banking system in which owner-founders juggled multiple apps, systems and spreadsheets to track cash flow, invoicing and advertising spend. They set out to consolidate these functions into a single system able to keep pace with the growth of digital businesses.

Business model

Incard sells subscription plans to businesses alongside transactional financial services. Published tiers are Free (£0/month), Grow (£49/month) and Incard Plus (from £199/month, or £169/month billed yearly), differentiated by number of users, cashback rate on debit cards (1%, 1.25% and from 1.5%), number of multi-currency IBANs, card counts, monthly FX volume at interbank rate, API and automation access, financial reporting and a dedicated relationship manager. Annual billing is offered at a 15% discount, and additional capacity and apps are sold as add-ons through the Incard App Store.

Recurring monthly or annual subscription fees across three published plans, with paid add-ons for extra users, IBANs, cards and App Store applications; FX is offered at interbank rates up to a plan-specific monthly volume, implying charges beyond those thresholds.

Traction

More than 1,500 businesses use the platform, which reports over £500m spent through it in total and more than $20m in cashback earned by customers, plus a customer case study citing $50k of cashback in one year.

Latest developments

In February 2026 Incard announced a £10m Series A led by Smartfin with Founders Capital, MountFund and angel investors. Proceeds are earmarked for expansion into new markets in Europe and the United States, further investment in the Incard App Store, automation and AI-driven financial workflows, and hiring across engineering, compliance and product development. Smartfin general partner Thomas Depuydt described the company as building infrastructure reflecting how digital companies grow and operate.