Cardtonic has launched Pil, a B2B spend management platform developed to support reliable business payments for advertising, subscriptions, and large online transactions.
Many businesses struggle with payments for ads or subscriptions that fail unexpectedly. Large transactions often need to go through instantly, yet network issues or failed cards can make that difficult. Beyond operational disruption, tracking and managing expenses in a single place remains a challenge for many companies.
Cardtonic encountered similar issues while managing its own business payments. Repeated payment failures highlighted broader structural gaps in how business spending was handled. Addressing those challenges led to the development of Pil, a platform designed specifically to support business spending with greater reliability and control.
“Businesses don’t want upgraded consumer tools. They need systems designed for recurring spend, approvals, accountability, and visibility. That’s exactly how Pil was built,” said Emmanuel Sohe, CEO of Cardtonic.
Product Overview
Pil is a B2B spend management platform built by Cardtonic to reflect the operational realities of business payments.
Many existing virtual dollar cards are designed for retail use. While they may support personal subscriptions or occasional online payments, business spending involves recurring transactions, higher values, and time-sensitive payments across multiple teams. When these payments fail, the impact often extends beyond inconvenience and can disrupt core operations.
“These differences between retail virtual dollar cards and business-grade spending were experienced firsthand at Cardtonic,” said Sohe.
With Pil, businesses can create multiple virtual dollar cards, label them by purpose, and separate spending for advertising, tools, and subscriptions. This structure is intended to improve expense management, reduce confusion, and maintain clearer oversight.
Pil is also designed for team use. Businesses can invite teammates, assign cards, and set spending limits, enabling collaboration across departments while maintaining financial control.
The platform supports funding flexibility. Pil accounts can be funded using naira, cedis, or stablecoins such as USDT, allowing businesses in different regions to manage payments through a single system.
Pil has been developed as a stand-alone product rather than an extension of Cardtonic. This approach reflects the distinct infrastructure, compliance requirements, and long-term investment needed to support business payments effectively.
Development and Funding
As part of its development process, Cardtonic raised $2.1 million from investors to support Pil. According to Cardtonic Co-Founder Faturoti Kayode, building reliable financial infrastructure for businesses requires sustained technical investment, liquidity, and compliance strength.
“Building reliable financial infrastructure for businesses requires strong compliance, liquidity, and deep technical investment,” Kayode said.
The funding is intended to support system stability, regulatory compliance, and liquidity management. The objective is to address real-time business payment challenges without introducing additional complexity or risk.
Business Applications
Pil is intended to give businesses better control over their spend. The platform is structured to provide improved reporting, card management, and team-level controls.
By reducing uncertainty around payments, Pil allows businesses to focus on operational priorities such as campaign execution, expense oversight, and growth planning. Over time, the platform is designed to support simpler and more structured spending management across teams and departments.
Outlook
Pil reflects Cardtonic’s response to practical challenges encountered in managing business payments. The platform incorporates operational lessons, internal use cases, and a structured approach to addressing recurring payment failures.
With Pil, businesses are positioned to plan, execute payments, and manage spending with greater confidence and reduced disruption.
About Cardtonic
Cardtonic is a fast-growing fintech super-app enabling payments beyond borders through alternative channels such as virtual dollar cards and digital assets. The platform serves more than 1.5 million users, providing frictionless access to global payments, secure gift card exchange, international bills, and digital connectivity via eSIMs.
With a strong culture of discipline, speed, and customer trust, Cardtonic gives Africans the freedom to transact globally without relying solely on limited traditional banking rails. For more information, visit cardtonic.com/read.
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