Companies looking to streamline their mileage reimbursement programs now have more options, as Cardata, a platform known for making the process accurate, compliant, and tax-free, has raised $100.0M. The company, which has been operating for over 25 years, combines specialized software with managed services to help businesses manage expenses for employees who use personal vehicles for work.
Cardata's approach, which includes IRS-compliant models like Fixed and Variable Rate (FAVR), helps clients save an average of 30% compared to traditional allowances while improving accuracy and compliance.
