Archa business credit card: Are you eligible?

Small business owner.

Archa, the consumer neobank turned business expense management platform, is touting its new smart business credit card as the solution to Aussie business’s financial admin needs.

Currently available in beta mode, the card bundles flexible and instant credit with an intuitive platform to help business owners manage expenses.

Founder and CEO Oliver Kidd said the company’s foray into the B2B space was spurred by its own difficulties dealing with large financial institutions.

“There was a lack of options and too much red tape when it came to business credit card requests from the big banks. Over the years, business credit cards have been commoditised as point product,” he said.

“While points sound attractive, for early stage, high-growth businesses, time is money; there needed to be a better solution that simplified financial admin to allow businesses more time to focus on the bigger picture and that is growth.”

By linking their accounting software, Archa business customers will be able to review expenses by category, set spending limits, and capture transactions in real time.

It currently operates on a subscription model, so cardholders will pay no interest. 

What’s more, the sign-up process takes less than five minutes and does not require a personal guarantee. To be eligible, Australian businesses must have:

  • An ABN or ACN
  • At least six months in business
  • A minimum monthly revenue of $5,000 or at least $50,000 in savings.

Archa is currently raising A$3m in growth capital being jointly led by BW Equities and Lazarus Corporate Finance.

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