Centtrip expands into the US

Centtrip, the global fintech providing expense management and card payment technology, has announced its launch in the United States, with a particular focus on the marine and yachting industry.

As part of the expansion, Centtrip has opened an office in Miami Beach, Florida, and plans to expand its US based team in the coming months.

The company says its Centtrip platform gives businesses in the sector real-time visibility and control over operational expenses, charter client APAs and card payments, helping them empower their people, streamline expense payment processes, reduce the cost and risk of carrying cash, and make the accounting process significantly easier. 

Designed for highly mobile organisations, including those operating in the marine and yachting industry, Centtrip’s technology has the potential to accelerate cash-free cruising, allowing crews to lower operational risk and improve efficiency – especially in an increasingly cashless post-Covid world.

The Centtrip Mastercard offers high balance and transaction limits. Accepted across the United States and worldwide, Centtrip says its Mastercard makes it simple to respond to guest requests or unexpected expenses. Organisations can have as many cards as required with many businesses issuing multiple cards to all key crew members; one for yacht operations and one or two for consecutive charter APAs. A chef, second officer and steward can have separate budgets allocated and overseen in real time by the captain.

Based in London, Centtrip has over 20,000 clients and users around the world. Founded in 2015, by experts in payments, foreign exchange and technology, the fintech now processes over $1.3 billion in transactions each year.

Jane Turner, chief executive officer, says: “Speed and service are paramount within the yachting industry and for too long financial inefficiencies have plagued the sector. Centtrip’s technology makes it clear, fast and effective for crews to manage their funds. We have a number of clients in the United States who use Centtrip globally and now want to use the service domestically. By expanding into the US, we are giving highly mobile organisations more control, flexibility and visibility over their money.”