Cardata

Managed tax-free vehicle reimbursement programs

Toronto, Ontario, Canada

About Cardata

Cardata delivers expertly managed, tax-free vehicle reimbursement solutions with cutting-edge GPS mileage tracking and comprehensive business intelligence reports. By leveraging this sophisticated technology, Cardata ensures precise business mileage tracking and reduces administrative burden, leading to considerable annual savings for businesses. This focus on technological accuracy and efficiency makes Cardata a leader in optimizing vehicle-related operations and offers a dynamic workplace environment dedicated to innovation and operational excellence.

Toronto, CanadaHeadquarters

1999Year Founded

$97.3MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Consulting, Enterprise Software, FintechIndustries

51-200Employees

Risks

Emerging startups offering innovative solutions could erode Cardata's market share.

Potential IRS regulation changes may require costly software updates for compliance.

Economic downturns may reduce demand for vehicle reimbursement programs.

Differentiation

Cardata offers IRS compliant, non-taxable vehicle reimbursements in the US and Canada.

Proprietary data and technology enhance Cardata's vehicle reimbursement accuracy and fairness.

Dedicated support ensures excellent service for Cardata's vehicle reimbursement programs.

Upsides

Cardata raised $100M to accelerate growth and product innovation in September 2023.

Integration of AI-driven analytics enhances accuracy and efficiency of reimbursement calculations.

Expansion into EV reimbursement programs taps into the growing electric vehicle market.

Funding

Total raised$97.27 M

StageGROWTH_EQUITY_VC

GROWTH EQUITY VC

8/31/2023

$100