Spendbase & Thredd expand subscription management in the U.S.

By Gloria Mathias

Thredd, a global payments processor, has signed a U.S. processing agreement with Spendbase, a software subscription management platform backed by Google.

This collaboration marks Thredd’s second U.S. client and signals Spendbase’s market expansion into North America.

Spendbase specialises in helping businesses optimise corporate software usage and spending. Through this partnership with Thredd, U.S. customers will soon benefit from a new product, a corporate virtual card for SaaS subscription payments. These virtual cards provide companies with more control and transparency over their expenses.

Thredd’s payment processing technology will enhance security and convenience in corporate software subscription management for Spendbase clients.

Spendbase has selected Thredd to power its U.S. expansion by issuing and processing virtual cards for its subscription payments. Businesses that manage a large supplier base, such as Spendbase, are looking to virtual card technology to enable secure, fast and traceable payments.

“We are delighted to be working with Spendbase to streamline their supplier payments,” shared Kevin Fox, Chief Revenue Officer, Thredd. “This is our first net-new client to choose Thredd because we can connect them to the U.S.  Unlike other EU providers, we were able to offer Spendbase U.S.-compliant debit card processing in time for their anticipated Q3 launch date.”

Andrew Alex, CEO of Spendbase, said, “We have selected Thredd as our issuer processor for the U.S. market because they demonstrated both a deep understanding of our ambitions and modern processing capabilities, and we are confident in their ability to meet our plans for a successful U.S. launch later this year.”