Cledara
“Can a SaaS subscription management platform become the finance team's full software-spend and business-spend control layer?”
HQLondon, United Kingdom
IndustryHorizontal SaaS / Spend Management
The story
Cledara started as a SaaS subscription management platform with virtual cards for software payments. Following the 2023 collapse of BaaS partner PayrNet (whose Lithuanian e-money license was revoked), Cledara pivoted onto Modulr in the UK/EU and CBW Bank in the US, and used the migration as a chance to broaden beyond SaaS-only payments into general business and travel spend (Cledara Spend). The company is now positioning as a SaaS management + spend management hybrid for finance teams.
Last 12 months
Product timeline
2022
Partnered with Bond (now Atelio by FIS) to launch embedded credit platform for US SMB customers.· lending
2023
Migrated European BaaS from UAB PayrNet (license revoked) to Modulr, resuming EU/UK payments and card issuance.· banking
2024
Launched NetSuite accounting integration alongside Xero and QuickBooks.· pivot
2024
Launched Cledara Spend — physical and virtual cards for business travel and broader business spend.· pivot
Regulated entities
1
regulatory licence held by Cledara
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Cledara’s embedded-finance stack
Banking / BaaS
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.