Who can use Spenmo?
Anyone! Especially Start-ups and SMEs.
Is this a credit card?
For a start, your Spenmo cards will operate like a debit card - you transfer money that you plan to spend as a company and allocate it to your teams & employees. Spenmo will look into offering a possible line of credit after 3-6 months. If you prefer to have immediate credit without waiting for 3-6 months, Spenmo can offer up to 150K based on your credit scoring.
Where can it be used?
Spenmo cards can be used at millions of merchants across 210 countries where Mastercard is accepted.
What are the foreign exchange fees payable?
Flat 1.5%, we charge you at cost as charged to us by our network.