Transforming the Way You Use Your Corporate Card
Foloosi Corporate cards are designed to simplify and streamline business expenses by providing a centralised platform for tracking and managing company spending with Improved Efficiency, Enhanced Visibility, Increased Security and Convenience
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Replace petty cash with smarter spending insights
Streamline Your Finances
Frustrated by the inefficiencies of petty cash? Our solution offers a more streamlined and transparent way to manage your company’s finances. With real-time tracking and automated processes, you can eliminate manual errors. Gain full control over spending while ensuring transparency and accuracy in your financial management.
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Advantages of using our Prepaid Cards
From a single module to the entire platform, Foloosi card streamlines your financial operations along with the below benefits
How can you use Foloosi Cards?
To get started with Foloosi, first verify your company for account activation. This step ensures security and compliance. Once verified, you can easily load funds into your account.
Customize your Foloosi experience by defining teams, setting up approval workflows, and establishing spending limits that align with your business needs. .
Enable employees to request funds, make secure payments, and easily submit receipts through the Foloosi app. This streamlined process enhances efficiency and simplifies expense management for everyone
Simplify your expense management and gain better control over your company's finances. By streamlining processes and enhancing visibility, you can make informed financial decisions with ease.
Frequently Asked Questions
What is Foloosi card?
It is an all-in-one business spending solution powered by smart corporate cards. It empowers employees to buy what they need to get work done, while enabling owners and finance teams to get full control and visibility on business spend. Foloosi corporate cards can be issued physically or virtually to your employees. These VISA cards are perfect for both in-store and online purchases. You can Customize spending limits for each card to match your specific needs,and block cards instantly for added security. Say goodbye to petty cash, personal card use, and endless OTPs. Foloosi streamlines your business expenses and provides unparalleled control over your business spends.
What are the unique features of Foloosi Card?
- Unlimited virtual and physical corporate cards.
- Expense management.
- Invoice management (in the future we can integrate invoicing solution to the merchants so that they could collect their account receivables).
- Accounting integrations (integration possibilities with account management softwares etc).
- Spend analytics
Who can use Foloosi card?
From small businesses to large corporations, Foloosi Card is a game-changer for companies struggling with outdated expense tracking methods.
Foloosi Card is available in?
We are currently serving businesses with legal entities in UAE.
What is the cost for using Foloosi?
Foloosi card’s pricing is tailored to your specific needs. Contact us for a personalised quote.
Is the funds safe with Foloosi and how is it handled?
Yes, your funds are are stored in a safeguarded bank account. This means that neither we – nor anyone else – has any direct access to your money. Only you can access your funds. Your funds are only used when you execute payment transactions using the Foloosi card. In the unlikely scenario of Foloosi going bankrupt or becoming insolvent, the balance amount in your account would be returned to you.
How do I contact Foloosi?
You can reach out to us at Foloosicard@foloosi.com. For any card related cards, queries and actions, you may contact us and our dedicated team will be ready to support you.
What information do you need about my business?
In order to satisfy regulatory requirements and ensure safety across our platform, we need to understand your business operations, ownership of your business, your source of funds and other necessary details required to complete the KYB (Know Your Business) checks. We must be able to verify your identity and your employee identities to ensure it is truly you and your employees who are applying for access to our platform. In additional to KYB, these details also help us prevent fraud and scammers who intend to abuse our products and services for illicit or illegal means.
How do I track and manage the expenses on the card?
You will have access to a sophisticated platform which gives you complete information about the cards, spends etc.
How does Foloosi Card work?
Foloosi card provides employees with a payment tool for business-related expenses directly linked to the company's financial account. Here's how it typically operates:
- Issuance: The company issues the corporate card to an employee based on their role and spending needs.
- Use for Expenses: Employees use the card for eligible business expenses, such as travel, client meetings, or office supplies.
- Spending Controls: Companies can set specific spending limits and restrictions on each card, which can include daily limits, merchant category restrictions, or even geographic limitations.
- Tracking and Reporting: All transactions made with the card are tracked and recorded automatically. This data can be accessed through the company’s spend management platform.
- Integration with Accounting: Transactions are automatically categorized and synced with the company’s accounting software, facilitating real-time financial tracking and easier reconciliation.
- Review and Approval: Transactions can be reviewed and approved by managers or finance teams, ensuring compliance with company policies.