UK fintech Anna Money has acquired Australian business spend management platform GetCape (also known as Cape) for an undisclosed sum.
Marking its first acquisition since its inception in 2017, London-based Anna Money will bolster its AI-powered business account and tax app with GetCape’s corporate card and expense management software to help enhance its UK offering and drive its push into the Australian market.
With the acquisition, the company says it plans to “create a new SaaS category to take on Australia’s ‘big four’ banks”, offering “expense management and corporate cards designed to save small businesses time and money”.