Cardata

Cardata

Managed tax-free vehicle reimbursement programs

About

Cardata delivers expertly managed, tax-free vehicle reimbursement solutions with cutting-edge GPS mileage tracking and comprehensive business intelligence reports. By leveraging this sophisticated technology, Cardata ensures precise business mileage tracking and reduces administrative burden, leading to considerable annual savings for businesses. This focus on technological accuracy and efficiency makes Cardata a leader in optimizing vehicle-related operations and offers a dynamic workplace environment dedicated to innovation and operational excellence.

Company Stage

Growth Equity (Venture Capital)

Employees

51-200

Industries

Consulting, Enterprise Software, Fintech

Total Funding

$97.3M

Headquarters

Toronto, Canada

Founded

1999


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Simplify's Take

What believers are saying

  • Cardata raised $100M to accelerate growth and product innovation in September 2023.
  • Integration of AI-driven analytics enhances accuracy and efficiency of reimbursement calculations.
  • Expansion into EV reimbursement programs taps into the growing electric vehicle market.

What critics are saying

  • Emerging startups offering innovative solutions could erode Cardata's market share.
  • Potential IRS regulation changes may require costly software updates for compliance.
  • Economic downturns may reduce demand for vehicle reimbursement programs.

What makes Cardata unique

  • Cardata offers IRS compliant, non-taxable vehicle reimbursements in the US and Canada.
  • Proprietary data and technology enhance Cardata's vehicle reimbursement accuracy and fairness.
  • Dedicated support ensures excellent service for Cardata's vehicle reimbursement programs.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

24%

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