About

CoastPay provides smart fleet cards designed for businesses with fleet operations, such as delivery and transportation companies. These cards help businesses manage and monitor their fuel spending by allowing them to set spending limits and restrict expenses to fuel only. This control reduces overspending and prevents fuel theft. CoastPay's cards are interchangeable and can be quickly activated or deactivated, enhancing security and convenience for users. The company generates revenue through service fees but also offers rebates and cashback, which can lead to significant savings for its clients. CoastPay differentiates itself from competitors by offering personalized, US-based support, making it easier for businesses to implement and manage their fleet card systems. The goal of CoastPay is to improve business efficiency and reduce wasteful spending in fleet operations.

Simplify's Take

What believers are saying

• Coast raised $40M in Series B funding to expand its fleet payment solutions.
• Integration with telematics and mobile technology enhances operational efficiency for clients.
• Growing demand for digital fleet card solutions supports Coast's innovative approach.

What critics are saying

• Increased competition from integrated solutions like FleetUp and RoadFlex.
• 60% of construction companies report wasteful spending and fleet card abuse.
• Reliance on traditional payment methods poses security risks and data quality issues.

What makes Coast unique

• Coast offers smart fleet cards with customizable spending limits for businesses.
• Their platform provides real-time transaction data and reporting for fleet management.
• Coast's cards are interchangeable and reassignable, enhancing security and convenience.

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