Feb 16: ProXpense, an AI-First Travel & Expense Platform, today announced the launch of co-branded corporate prepaid cards in partnership with Pine Labs, aimed at transforming how organizations manage, control, and reconcile business spending. The collaboration brings together ProXpense’s intelligent expense automation platform with Pine Labs’ robust card issuing and processing infrastructure to deliver a fully integrated “Spend + Control + Reconcile” experience for enterprises.
The newly launched co-branded prepaid cards address long-standing inefficiencies in corporate expense management, particularly with respect to employee-funded spending followed by delayed reimbursements. By enabling enterprises to issue controlled corporate spending instruments that are directly connected to ProXpense’s expense and travel workflows, organizations gain real-time visibility into expenses, stronger policy enforcement, and faster financial closure—while significantly improving employee experience.
Commenting on the launch, Himanshu Singh, Founder & CEO, ProXpense, said,
“Enterprises today don’t struggle with spending alone, they struggle with control, visibility, and speed. With the ProXpense–Pine Labs co-branded prepaid cards, we are fundamentally re-architecting how business expenses flow through an organization. By embedding payments directly into our expense and travel platform, we are eliminating reimbursements, reducing policy breaches at source, and giving finance teams real-time command over enterprise spend. This partnership is a decisive step toward building truly autonomous, policy-led finance operations.” Designed as intelligent enterprise payment rails rather than standalone cards, the co-branded prepaid card solution allows finance teams to enforce spending policies at the point of transaction. Organizations can set granular controls across employees, projects, categories, geographies, and time windows, while instantly freezing or modifying card access when required. Every transaction is automatically captured within ProXpense, where expenses are categorized, matched with receipts, validated against policies, and routed through approval workflows, significantly reducing manual effort, delays, and reconciliation errors. Beyond automation, the platform delivers advanced spend intelligence through ProXpense’s AI-driven insights layer. Finance leaders gain visibility into budget burn rates, policy compliance levels, and merchant trends, while anomaly detection helps identify duplicate or suspicious transactions. This enables enterprises to move from reactive expense processing to proactive, data-driven financial decision-making. Pine Labs strengthens the offering through its secure, scalable issuing infrastructure and deep expertise in co-branded prepaid card programs. Its capabilities in issuer processing, compliance-grade program management, and large-scale fintech enablement ensure reliability, regulatory adherence, and rapid deployment across enterprise environments.
Navin Chandani, President – Issuing Business, Pine Labs, said,
“Enterprises are increasingly seeking payment solutions that actively support governance, compliance, and scale. Our collaboration with ProXpense combines Pine Labs’ secure card issuing and program management capabilities with various enterprise spend use cases. The co-branded prepaid cards enable organizations to issue, control, and monitor corporate spending in real time, while ensuring operational efficiency and compliance across teams and locations.” The co-branded prepaid cards are designed for mid-to-large enterprises, frequent business travelers, field-force teams, project-based operations, and fast-growing organizations seeking tighter financial controls. Key use cases include travel and lodging expenses, client meetings, field operations, events, subscriptions, and branch-level operational spends, areas where cash usage, delayed reporting, and policy violations remain prevalent. The launch aligns closely with ProXpense’s broader roadmap to scale travel and expense automation, embed payments deeper into enterprise workflows, and support geographically distributed teams. As enterprises increasingly demand real-time control, transparency, and compliance across financial operations, the ProXpense and Pine Labs co-branded prepaid cards are positioned to set a new benchmark for how organizations spend, manage, and reconcile money at scale.