What is Penny?

Penny is a Debit Corporate Mastercard that seamlessly integrates with an expense management application, making it easier to handle expenses. This app provides users with the ability to monitor employee spending and establish spending caps. Additionally, employees can conveniently upload and record receipts for all business-related transactions conducted with Penny. Furthermore, Penny enables users to authorize fund transfers and facilitates instant money transfers. With these features, managing corporate expenses becomes more streamlined and efficient than ever before.

Pricing

Price Overview:
mobile app and first four cards free, additional cards $5 each
Free Version:
Free Version available.

Integrations

Screenshots and Video

Company Facts

Company Name:
Penny
Date Founded:
2012
Company Location:
United States
Company Website:
thepennyinc.com
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Support
24 Hour Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Penny Categories and Features

Expense Report Software

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Penny Customer Reviews

Write a Review
  • Reviewer Name: A Verified Reviewer
    Position: Owner
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    The best virtual mastercard platform for RDS

    Date: Aug 27 2021
    Summary

    We attended a conference and signed up same day. We were instantly approved and have now used the system for nearly a year without any hitches. Very good experience to date.

    Positive

    We can generate new cards for staff on the fly and they can pay using their apps. This means there is no more chasing receipts from drivers or worrying about card security (we lost a few cards to drivers misplacing them in the past). We can even lock the payment system down to only selected vendors. Total peace of mind.

    Negative

    None so far there is $0 monthly fee and no lock-in contracts

    Read More...
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