Centtrip, the global fintech providing expense management and card payment technology, has announced its launch in the United States, with a particular focus on the private and business aviation industry.
The Centtrip platform gives businesses in the sector real-time visibility and control over their expenses and card payments, helping them empower their pilots and crew, streamline expense payment processes, reduce the cost and risk of carrying cash, and make the accounting process significantly easier.
Centtrip is designed specifically for the needs of highly mobile organizations, including those in the private aviation sector. Centtrip’s flexible, award-winning card and app gives those in the industry more control over their expenses, enabling them to optimise cashflow and recover from the pandemic as strongly as possible.
As one of the most flexible cards on the market, the Centtrip Mastercard offers high balance and transaction limits – ideal for meeting unexpected expenses. Accepted across the United States, the Centtrip Mastercard can also be used worldwide. Organizations can have as many cards as required (several hundred cards for a single project is not uncommon) – a feature not offered by traditional payment providers.
The fintech, headquartered in London, has over 20,000 clients and users around the world, including air charter businesses, the world’s largest superyachts, music’s top touring acts and world-renowned arts companies. Founded in 2015, by experts in payments, foreign exchange and technology, Centtrip now processes over $1.3 billion in transactions each year and is experiencing rapid growth across all core markets as they emerge from the pandemic.
Jane Turner, Chief Executive Officer, said: “The aviation industry was one of the hardest hit during the COVID-19 pandemic, but the fundamentals such as speed and service remain. The Centtrip app and online platform, as well as our high card limits, are tailor made for the private aviation industry when dealing with large expenditure. By expanding into the U.S., we are giving highly mobile businesses in the private aviation industry more control, flexibility and visibility over their money.”
Cardholders and authorized administrators can control the card directly from the award-winning Centtrip app, setting spend limits, freezing or unfreezing cards, and enjoying full, real-time visibility of transactions. Clients have the choice to either preload individual cards with funds (for example a cardholder’s available budget) or to have all cards on an account draw from the same, central account balance (in the same way that bank debit cards operate). In either case, Centtrip provides businesses with full control over their funds and maximum security.
As part of the expansion Centtrip has opened an office in Miami Beach, Florida, and plans to expand its US based team in the coming months.
