CardUp is a credit card enablement platform that brings value to both individuals and businesses by improving the way they pay and get paid, access credit and manage payments.
The company started by allowing any big expense previously made by bank transfer, cheque or cash to be shifted to card, even where cards are not accepted. Examples include rent to a landlord, insurance premiums, payroll, supplier invoices and more. CardUp has since gone on to launch merchant card solutions and payment automation tools that help SMEs save time and automate their finance processes.
CardUp manages hundreds of millions of dollars in payment volume in the region today. As of 2020, CardUp operates in Singapore, Hong Kong and Malaysia.
CardUp is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the Payment Services Act.
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Launched Singapore operations
Finalist in the Global Hackcelerator organised by the MAS
Participated in The FinLab organised by UOB
Raised $1.6M in Seed funding
Participated in Mastercard's global StartPath programme
Nominated as a Top 10 Finalist in the ASEAN Open Category at the 2018 FinTech Awards
Launched B2B receivables product, CardUp Collect
Operational in Hong Kong and Malaysia
Selected for Cyberport, the Hong Kong Government's tech incubation programme
Launched our international payments feature
Selected to be part of SAP.iO Foundry's FinTech and COVID-19 Recovery Acceleration Program
Nominated as a Finalist in the 2020 TechBlazer Awards
Licensed by the MAS as a Major Payment Institution
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“The platform acts as a link between cardholders and merchants that don’t accept credit cards.”
"The idea is simple: users can pay for nearly everything through their credit cards, while retaining the card benefits and rewards."
"CardUp provides an opportunity to earn credit card rewards, access interest-free credit and digitise payments - making big payments rewarding."
“Tech companies, with their scale, speed to market and digital ethos, have been able to launch payment products in competition with traditional banks. ”
“CardUp is a platform that allows consumers to pay for their rents and other expenses by credit card.”
"Consumers and enterprise users have the additional incentive of earning rewards like rebates and air miles that traditionally come with credit card usage."
"It enables users to maximise card benefits; it also does not require fund recipients to accept credit cards."
"The concept is so simple – instead of making payment and earn nothing, you instead pay CardUp with your credit card and earn rewards."
Have a question about our company or platform? Reach out to us and we'll get back to you as soon as we can!
For Your Personal Expenses 