Tillful announced teaming up with Highnote and Mastercard to introduce the Tillful Card. Tillful is the leading business credit platform for small and medium-sized businesses. Tillful Card is a new and first-ot-its-kind business credit card purpose-built for SMB owners to help increase their access to credit and growth capital.
Tillful is the main product of Flowcast, the market leader in ai-powered credit risk models and a venture capital firm funded by ING Ventures. Tillful provides Main Street small and medium-sized businesses (SMBs) with a new type of company credit score based on real-time, alternative transaction data, as well as previously unavailable credit-building tools and services, including the Tillful Card.
The Tillful Card, which will launch in early 2022, intends to assist new and developing enterprises, as well as underrepresented small business owners. The Tillful Card helps small business owners to sustain and develop their enterprises in a variety of ways:
-
Cardholders may instantly begin using their virtual card to make commercial transactions online, in-app, and at the point of sale
-
Business credit bureaus are notified of payment history
-
Business owners may establish an unlimited number of virtual cards for employees and pay vendors for free
-
Includes a rewards program tailored to SMB owners
-
There is no requirement for a minimum bank balance prior to approval
-
Monthly payments are an alternative to set daily or weekly payments
Highnote will provide the card issuance infrastructure and program management capabilities, as well as incorporated banking and payment services, with Mastercard serving as the exclusive card network for the Tillful Card. Tillful partnered with Highnote and Mastercard because of their extensive industry experience in payments and financial services, as well as their commitment to fostering fair and sustainable financial inclusion.