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Fintech Yokoy is launching a free credit card for businesses. Hypothekarbank Lenzburg processes the payments.
With Yokoy, a year ago a fintech was launched that mainly wanted to make it easier for companies to handle invoices. Yokoy is now launching a prepaid business credit card, as stated in a statement on Monday.
The offer aims to fill a gap – the card is free and there are no foreign currency fees. The Yokoy card is for businesses what the Neo-Bank Revolut credit card is for private customers.
Hypi Lenzburg Open Bench
But Yokoy is not a neobank. Hypothekarbank Lenzburg takes care of the banking part, such as billing, which Yokoy opens an interface to the Finstar banking platform.
The business card is integrated into the entire expense and expense management process in a company, from payment to bank account debit and from correct posting in financial accounting to compliant filing.
Will there still be bank branches in five years?
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Yes of course.
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Yes, but half as much today.
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Yes, but very occasionally.
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Yes, but completely digital, without staff.
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No, in five years there will be no more branches.
