The best corporate cards for startups in India are: 1. Xflow, 2. Volopay, 3. EnKash, 4. Kodo, 5. RazorpayX. Volopay, EnKash and Kodo are prepaid cards funded in rupees, while RazorpayX is a credit card you repay by the end of its interest-free period.
Xflow gives Indian startups a prepaid USD card for global SaaS bills.
You send money from your Indian bank account by NEFT, RTGS or SWIFT, it sits as a US dollar balance on the card, and each team gets its own card.
Every charge is tracked against its card in the Xflow Dashboard.
A corporate card is a card your company pays for, so your team can buy business tools without personal cards and expense claims.
A corporate credit card spends against a limit you repay later, whereas a prepaid card only spends the money you've added to it first.
The best corporate cards in India for startups, in brief
Match each card to how your teams buy software, how much control you want per card and the currency your invoices arrive in.
- Xflow - Best for: startups paying USD-billed SaaS vendors from several teams, who want a separate USD card per department and one view of every card's spend.
- Volopay - Best for: teams that want cards, vendor payments and accounting sync on one spend platform, funded in rupees and able to pay overseas.
- EnKash - Best for: startups that want to lock a card to a single SaaS vendor and keep renewals and spending limits tight.
- Kodo - Best for: startups that pay vendors through Kodo and want prepaid cards and expense reports in the same tool.
- RazorpayX - Best for: startups that would rather spend on credit and earn cashback on SaaS, marketing and tool spends.
How five startup corporate cards compare on funding and currency
The five cards differ on their funding model and the currency they hold. An Indian-issued prepaid corporate card sits under RBI's prepaid payment instrument (PPI) rules and spends only the money on it.
If you're after the best corporate credit card in India instead, RazorpayX's card spends an approved credit limit, either unsecured or secured against a fixed deposit.
| Card | Funding model | Card currency and how a USD bill is paid | Best for |
|---|---|---|---|
| Xflow | Prepaid: you send money from your Indian bank by NEFT, RTGS or SWIFT | USD on a US-issued virtual card, paid from the dollar balance | Multi-team USD SaaS spend |
| Volopay | Wallet funded in rupees, with no monthly top-up caps | Rupees, and able to transact in any currency, converted when the vendor charges | Cards, vendor payments and accounting sync on one platform |
| EnKash | Prepaid on its own RBI PPI licence, EnKash says, with a revolving credit line also on offer | Rupees, converted when the vendor charges | Locking a card to one SaaS vendor |
| Kodo | Prepaid, and Kodo also describes interest-free credit for up to 35 days | Rupee limits, with international use switched on per card | Vendor payments and cards in one tool |
| RazorpayX | Credit line, unsecured or secured against a fixed deposit, repaid by the end of the interest-free period | Rupees, converted when the vendor charges | Spending on credit, with cashback on SaaS and tool spend |
Some vendors invoice you for a wire rather than a card charge, and our guide to cards vs bank transfers covers when each suits a vendor.
What a USD prepaid card is and why it suits SaaS bills
A USD prepaid card is one you add money to before you spend, holding US dollars instead of rupees.
If much of your USD burn goes to dollar-billed tools like AWS, Google Workspace, Slack and Notion, the card's currency decides whether each charge is paid as billed or converted first.
At checkout it works like any other card.
The vendor charges it in US dollars and the amount comes off the dollar balance, so your Indian bank doesn't convert the charge, and you don't need a USD account in India to hold the balance.
With ours, each team can also have its own card drawn from the same balance.
Because it's prepaid, it also keeps software spend to the money you've added. If you're new to paying software this way, our guide to virtual cards for SaaS subscriptions explains how they work.
Pay US SaaS vendors from India without setting up a US entity
The best corporate cards for startups in India and who each suits
Prepaid cards come first because startups usually qualify for them more easily, often without a fixed deposit, credit history or turnover record to show, and a prepaid card only spends the money that's on it. RazorpayX is the pick if you'd rather have credit, and EnKash and Kodo also offer a way to spend on credit.
All five let you split spend across several cards, by team or by tool, so each subscription can sit on its own card.
1. Xflow
Best for: startups with recurring USD SaaS bills across several teams that want dedicated cards per department instead of one shared card.
We give Indian startups that pay global SaaS vendors in dollars a prepaid, US-issued virtual card that pays those bills from a dollar balance.
Each team can have its own card from that one balance, which makes it easier to track SaaS subscriptions by team.
It works in four steps:
- Fund it - you send money from your Indian bank account to us by NEFT, RTGS or SWIFT
- Hold it - the funds sit as a US dollar balance on your prepaid, US-issued virtual card
- Pay it - AWS, Google Workspace, Slack, Notion or any other vendor charges the card like a normal card payment
- Track it - the charge appears against that card in the Xflow Dashboard, so you see which team spent it
Key features
- A card per team - each department gets its own card drawn from the same USD balance, so Sales, Engineering and Finance pay for their own tools without sharing one card number
- Xflow Dashboard - every charge shows against the card that made it, so your finance team sees each team's software spend in one view
- Any global SaaS vendor - there's no closed list of vendors you're allowed to pay, so any software company that takes card payments can charge the card
Pros
- No conversion at each charge - a USD invoice is paid from the dollar balance, so your Indian bank doesn't convert each vendor charge at its own rate
- Fewer recurring declines - it's US-issued and built for cross-border acceptance, which cuts the declines Indian-issued cards often hit on recurring international charges
- Renewals that are easy to trace - each subscription sits on a team's own card, so a renewal nobody recognises is quick to trace to the team that bought it
- No credit to manage - spend stops at the money you've added, so there's no credit limit to apply for and no interest to track on unpaid balances
Cons
- US dollars only - the card holds and settles US dollars only, so it suits USD-billed vendors rather than euro, pound or rupee spend
2. Volopay
Best for: teams that want cards, vendor payments and accounting sync on one spend platform.
Volopay describes its card on "the prefunded model": you add rupees to a wallet and the cards spend from it.
Volopay says the cards "can be used to transact in any currency, anywhere", and it names SaaS payments anywhere in the world as a use case.
Key features
- Unlimited virtual cards - you can create as many virtual cards as you need and assign each one to an employee, a department or a vendor
- Physical cards - Volopay issues physical corporate cards alongside the virtual ones, and it also sells a separate range of business prepaid cards
- Accounting sync - card spend syncs with NetSuite, Xero, QuickBooks, Tally and Zoho Books, among others, so it lands in the accounting tool your finance team already uses
Pros
- No minimum criteria - Volopay says it has no minimum eligibility criteria and vets applicants on their documents, which suits a young startup without a long history
- No top-up caps - the wallet has no monthly top-up caps, so a large annual renewal isn't held up by a limit on how much you can add each month
Cons
- A rupee wallet - the wallet holds rupees, so every dollar bill is converted when the vendor charges the card, even though the card can transact in any currency
3. EnKash
Best for: startups that want to lock a card to one SaaS vendor and track every renewal.
EnKash says it holds its own RBI-authorised prepaid payment instrument licence and issues its cards on its own infrastructure. Its prepaid corporate cards are "reloadable up to ₹2,00,000", locked to merchant categories and live in under 60 seconds.
For credit, EnKash also offers a corporate credit card on a revolving line "with no collateral or personal guarantee required", assessed on your business profile.
Key features
- SaaS Card - a card locked to specific platforms such as Zoom, AWS and Slack, so it can only pay the tool it was issued for
- Renewal tracking - each card tracks its own renewals, with daily, weekly, monthly or yearly spending limits that you set card by card
- Global acceptance - EnKash lists global acceptance on its corporate credit card, which it sells alongside the prepaid range if you'd rather pay overseas vendors on credit
Pros
- Vendor locking - stray charges from other merchants can't land on a card meant for one tool, so each renewal is easy to match to its vendor at month-end
- Open eligibility - EnKash says any registered business can apply for its corporate cards, whether a startup, an SMB or an enterprise, with no personal guarantee
Cons
- A cap on top-ups - EnKash lists the prepaid card as "reloadable up to ₹2,00,000", so check how that limit applies before you put a large annual renewal on it
- Funded in rupees - the money on the card is in rupees, so a USD renewal goes through a currency conversion on the day the vendor charges the prepaid card
4. Kodo
Best for: startups that pay vendors through Kodo and want prepaid cards and expense reports in the same tool.
Kodo's legal terms say the prepaid instruments it markets are issued by an RBI-authorised PPI issuer, and Kodo says more than 2,000 companies use it. You set limits and switches card by card.
For credit, Kodo describes interest-free credit for up to 35 days on its corporate cards, so confirm how that credit is provided before you rely on it.
Key features
- Per-card controls - you switch online, contactless, ATM, merchant outlet and international use on or off for each card separately, so a SaaS card can stay online-only
- Transaction limits - each card gets its own per-transaction limit, set anywhere between ₹100 and ₹2,00,000, so a small tool's card can carry a far lower limit than a large vendor's
- Payments beyond cards - invoices, vendor payments and reimbursements run in the same platform as the cards, so finance doesn't need a separate tool for them
Pros
- Unlimited cards - Kodo offers unlimited virtual and physical cards, so every vendor or team member can get a separate card without a cap on how many you issue
- Quick expense reports - detailed expense reports come out of the same dashboard in a few clicks, which saves time on your month-end review
Cons
- A ₹2,00,000 ceiling - per-transaction limits top out at ₹2,00,000, so a larger single renewal, such as an annual plan for a big team, needs another way to pay
- Rupee limits - even with international use switched on, a USD invoice is paid in converted rupees, because the card's limits are set in rupees
5. RazorpayX
Best for: startups that would rather spend on credit and earn cashback on SaaS and tool spend.
RazorpayX's corporate card runs on a credit line, either unsecured up to ₹2 Cr or secured at up to 90% of a fixed deposit.
It's issued in rupees on Mastercard and Visa, and you repay by the end of an interest-free period that runs up to 45 days on one variant.
Key features
- Spend controls - daily and per-transaction limits, merchant category locks and a domestic or international switch, all set on each card you issue
- Unlimited add-on cards - you can add as many cards as your team needs, so each person who buys tools for the company gets their own card
- Real-time alerts - you're alerted as transactions happen, and you can block or unblock a card straight away if a charge looks wrong
Pros
- Pay by the statement - you pay the statement by the end of the interest-free period instead of at each swipe, which keeps cash in your account for longer
- Cashback on tools - up to 1% cashback on SaaS, marketing and tool spends, with the cashback credited back to your RazorpayX account
- No fixed deposit needed - the unsecured route, up to ₹2 Cr, suits startups that don't want to lock up a fixed deposit just to get a limit
Cons
- A rupee statement - every USD charge lands on a rupee statement after conversion, so confirm its current forex charge before you move recurring USD bills to the card
- Interest after the period - balances you don't repay within the interest-free period attract interest, which makes a missed payment an expensive way to fund software
- Variant differences - the interest-free period and cashback differ by card variant, with one variant offering up to 45 days, so check which one you're offered
Why rupee corporate cards cause problems on USD SaaS bills
A rupee corporate card causes two problems on dollar-billed software. First, it converts each USD bill and adds a forex markup, so even a low forex markup repeats on every renewal.
HDFC Bank lists 3.5% on its PIXEL credit cards and ICICI Bank 3.5% plus GST on most of its credit cards, and business card terms vary.
Second, recurring charges can fail. Under RBI's E-mandate Framework 2026, an Indian card issuer sends a pre-debit notice at least 24 hours before each recurring debit, and only charges up to ₹15,000 skip extra authentication.
Foreign SaaS checkouts often aren't built for either step. Our card is US-issued and built for cross-border acceptance, which reduces those recurring declines.
Cut recurring SaaS card declines with a US-issued USD card
How Xflow stands out for startups paying global SaaS vendors
We built our card for one job: an Indian company paying software vendors that bill in dollars.
- Your company holds the card - your Indian company is the card's authorised user, so you skip the US incorporation Brex and Ramp require
- Subscriptions leave personal cards - company tools come off employees' personal cards, so no one has to file an expense claim for a software renewal
- Room to add teams - a new team gets its own prepaid card from the same USD balance rather than sharing someone else's
GST reverse charge applies to GST-registered businesses paying for foreign software used in the business, whichever card they use, as our guide to GST on international transactions explains. The Liberalised Remittance Scheme (LRS) does not apply to companies.
Our intended operational model is that one funding remittance to Xflow replaces a separate remittance per vendor, which would mean fewer Form 15CA and Form 15CB filings for your finance team.
Treat that as how the product is designed to work, not tax advice, and read our explainer on Form 15CA and 15CB before you rely on it.
Give each team its own USD card, tracked in one dashboard
Which corporate card to choose at each stage of your startup
If you're an early-stage startup spending money you've raised, a prepaid card keeps software spend to the money you've added, with no credit limit to apply for.
Xflow's prepaid USD card suits dollar-billed tools, while a rupee prepaid card suits mostly rupee spend.
As your software stack grows across several teams, Xflow gives each team its own USD card from one dollar balance.
Each subscription then has an owner in the Xflow Dashboard, and its renewals are paid in dollars rather than converted every time.
If you'd rather pay later, a corporate credit card suits you, provided your startup can get an approved limit. You can also use both: a credit card for rupee spend and Xflow's USD card for software billed in dollars.
Frequently asked questions
The best corporate card in India for a startup paying dollar-billed SaaS is usually one that holds US dollars, like our prepaid USD card, so bills aren't converted at each renewal.
Rupee prepaid cards suit rupee spend, and credit cards suit startups that would rather pay later.
A business credit card in India is often possible for a startup, but it depends on the issuer's credit checks, and even the best business credit card in India needs an approved limit, whether unsecured or secured.
A prepaid card like ours works without a credit limit, so there's no limit to secure against a fixed deposit.
A virtual USD card from us is built for Indian companies.
You send money from your Indian bank account by NEFT, RTGS or SWIFT, and it sits as a dollar balance on your prepaid, US-issued card, ready for vendors to charge.
An Indian company can get ours: it's US-issued, the company is its authorised user, and it's funded from the company's Indian bank account. Brex, Ramp and Rho cards are different, since each needs a US-incorporated entity and a US EIN.
Virtual cards for international transactions in India come in two kinds: prepaid USD cards like ours, which pay from a dollar balance, and rupee cards, which convert each foreign charge at the time of spend.
Prepaid cards are available in India, and Indian-issued ones come under RBI's prepaid payment instrument (PPI) rules.
Ours is different: a prepaid, US-issued USD card for companies, which you fund from your Indian bank account and which holds a dollar balance for your software bills.
For SaaS bills, our prepaid USD card carries a dollar balance you can spend without opening a USD account.
To hold US dollars in India itself, you need one of the foreign-currency accounts RBI permits at an authorised dealer bank, and a bank can tell you which ones you qualify for.
