C

Cardata

Mileage tracking and vehicle reimbursement software

Overview

Cardata provides software and consulting to manage vehicle reimbursement and risk for employees who use personal cars for work. Its platform uses a mobile app to track mileage, automate tax-compliant reimbursements, and deliver management reporting and analytics. It integrates with expense systems like SAP Concur and offers tailored vehicle-reimbursement programs. Its goal is to help businesses control costs, stay compliant with regulations, and reduce tax waste for both employers and employees.

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About Cardata

Simplify's Rating
Why Cardata is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsultingEnterprise SoftwareFintech

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$73.3M

Headquarters

Boston, MA

Founded

1999

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What believers are saying

  • Cardata shipped custom reporting to every customer on May 1, 2026.
  • Cardata added continuous MVR monitoring and insurance verification in January-February 2026.
  • The July 1, 2026 product updates improve workflow speed and administrator visibility.

What critics are saying

  • Motus, Everlance, and Zoho Expense outscore Cardata on G2, pressuring 2026 sales.
  • Cardata’s niche depends on FAVR rules; IRS changes can compress demand quickly.
  • If larger T&E suites bundle mileage reimbursement, Cardata becomes a replaceable point solution.

What makes Cardata unique

  • Cardata’s 2026 vehicle profiles keep FAVR reimbursements aligned with current IRS assumptions.
  • Cardata combines mileage tracking, compliance, and managed support in one reimbursement workflow.
  • Cardata’s SAP Concur integration reduces expense-report friction for enterprise mobility teams.

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Funding

Total Funding

$73.3M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Remote Work Options
  • Flexible Work Hours
  • Health Savings Account/Flexible Spending Account
  • Wellness Program
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

-1%

1 year growth

-2%

2 year growth

-4%
PR Newswire
Sep 28th, 2023
Cardata Raises $100M In Capital To Accelerate Growth And Investment In Product Innovation

TORONTO, Sept. 28, 2023 /PRNewswire/ -- Cardata , a leading provider of tax-compliant mileage reimbursement software to leading global organizations, today announced a new round of growth investment led by Wavecrest Growth Partners, with participation from MassMutual Ventures.Founded in 1999, Cardata provides a suite of reimbursement software, compliance programs, and business intelligence tools for companies whose employees drive their personal cars for work.Over the past three years, under the leadership of Sheret Ross and Michael Levine, Cardata has tripled its annual recurring revenue, growing by over 200% in aggregate. Cardata is on track for another record breaking revenue growth year. This latest strategic investment will accelerate the Company's market coverage and pace of innovation in both its core systems and new products, enabling it to continue to support its rapidly growing customer base.Sheret Ross, CEO at Cardata, said, "Companies are turning to more efficient vehicle programs to deliver benefits and savings to their employees. As Cardata has helped tens of thousands of drivers get reimbursed for using their personal car for work, we aim to unlock more value for our users and expand our market coverage. This strategic investment from Wavecrest and MassMutual will accelerate the pace of our product innovation and help us continue to deliver a superior experience, along with new products, for our users."Michael Levine, President at Cardata, said, "This significant investment represents a pivotal moment in our company's journey

FinSMEs
Mar 26th, 2021
CarData Consultants Secures Growth Investment From Spruce Grove Capital

CarData Consultants, an Oakville, Ontario, Canada-based provider of vehicle reimbursement software, secured a growth investment from Spruce Grove Capital. The amount of the deal was not disclosed. The company intends to use the funds to accelerate its continued expansion within the corporate vehicle reimbursement market throughout North America. Founded in 1999 by John Domsy, CarData provides […]

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