- Spendbase now offers EU IBAN accounts, virtual corporate cards, and spend controls in one integrated platform.
- The new tools target startup teams and SMEs that need faster, more flexible ways to handle business payments.
What happened: Digital banking tools for startups and SMBs
Spendbase has launched a digital banking platform that includes EU-based IBAN accounts, virtual corporate cards, and spend tracking tools. The new features are built into the company’s existing expense management system and are now available to companies in the European Economic Area. This update gives users one dashboard to issue virtual cards, track spending, set limits, and receive cashback on selected payments.
The launch shows that Spendbase is moving beyond basic expense tools. The company was known for helping startups and small teams manage software and cloud spending. With this update, it adds financial infrastructure like banking and payments. CEO Taras Tymoshchuk said the new product acts as a “single entry point to handle all spending” and was built to support CFOs and finance managers who want more control and visibility.
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Why this is important
This product launch places Spendbase among a growing group of fintech firms offering banking-like services to business users who are often underserved by traditional banks. Small teams, especially remote ones, need better ways to track costs and avoid delays from outdated banking systems. Spendbase now competes with companies like Qonto and Revolut Business, which provide digital-first business banking.
The features like spend limits, cashback, and role-based controls suggest a strong focus on budgeting. This may appeal to founders and finance leads who want to reduce waste and track costs more closely. Eastern European tech companies, including Spendbase, have been moving into broader European markets despite war-related challenges at home. This shows resilience and also points to rising demand for vertical tools that focus only on specific financial needs instead of trying to replace full banks.
Taras Tymoshchuk’s profile on LinkedIn also shows his focus on building fintech tools that are simple and transparent. The company’s own site, Spendbase.co, highlights how it supports both startups and more established companies as they grow.
