“Can a SaaS subscription management platform become the finance team's full software-spend and business-spend control layer?”
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 Following the 2023 collapse of BaaS partner PayrNet (whose Lithuanian e-money license was revoked), Cledara pivoted onto Modulr in the UK/EU and CBW Bank in the US, and used the migration as a chance to broaden beyond SaaS-only payments into general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.
Cledara discloses Modulr as its banking provider, with CBW Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Cledara does not disclose a bank charter of its own; its banking services are provided through CBW Bank.
Cledara's cards are issued through Modulr.
Cledara's lending and capital products are provided by Bond (Atelio by FIS).
Cledara connects to bank accounts through Plaid.
Cledara integrates with Xero, QuickBooks and NetSuite.
The Embedded Finance Index 2026 maps 6 layers in Cledara's stack: Banking / BaaS (Modulr); Card issuing (Modulr); Lending (Bond (Atelio by FIS) and Cledara Mastercard Business Charge Card (US)); Open banking (Plaid); Sponsor bank (CBW Bank); Accounting (Xero, QuickBooks and NetSuite).
Cledara is headquartered in London, United Kingdom.
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