Fortnox, the leading accounting platform in the Nordics, has announced the launch of a new approval feature for its corporate card, a product of the ERP's partnership with the Swedish fintech company Mynt. The new feature is designed to simplify and improve accounting processes for Swedish small and medium-sized enterprises, helping them manage company expenses more efficiently.
With the introduction of this new approval functionality, Fortnox has reached a new milestone in the evolution of its corporate card offering. This feature allows administrators or managers to approve or deny employee transactions, adding an essential layer of control and compliance for businesses, making it even easier to ensure purchases are accounted for correctly. Particularly beneficial for accounting firms, this feature reduces the time consultants spend chasing receipts, enabling them to focus on supporting their SME clients' growth.
Fortnox, known for being one of Europe's most forward-looking ERPs, chose to launch its corporate card in partnership with Mynt, a Swedish fintech company that offers a uniquely modular and modern take on expense management and embedded card services. The product has seen strong adoption among Fortnox’s extensive customer base since its introduction in October 2023.
Fortnox, known for being one of Europe's most forward-looking ERPs, chose to launch its corporate card in partnership with Mynt, a Swedish fintech company that offers a uniquely modular and modern take on expense management and embedded card services. The product has seen strong adoption among Fortnox’s extensive customer base since its introduction in October 2023.
The product
Expense management is a major challenge for European SMEs. Employees often have to wait a long time for reimbursements—if they get reimbursed at all. Traditional corporate cards lack any form of expense management, and precious time has to be spent on administrative tasks. To address this, Fortnox and Mynt have partnered to offer a solution that integrates Visa corporate cards while leveraging Mynt’s technology platform, which automates transaction and expense handling. This combined product is designed to simplify and eliminate the hassle of expense management for businesses.
The Fortnox Corporate Card is issued through Mynt but is fully branded as a Fortnox product and integrated directly into the ERP system, which over 572,000 customers already trust and use daily. Cardholders can make purchases, snap a photo of the receipt, and have it automatically scanned and logged into their ERP system—eliminating the need to handle physical receipts, manual calculations, and the risk of human error. The Mynt platform, which Fortnox has integrated, automates these tasks for their customers.
The Fortnox Corporate Card is issued through Mynt but is fully branded as a Fortnox product and integrated directly into the ERP system, which over 572,000 customers already trust and use daily. Cardholders can make purchases, snap a photo of the receipt, and have it automatically scanned and logged into their ERP system—eliminating the need to handle physical receipts, manual calculations, and the risk of human error. The Mynt platform, which Fortnox has integrated, automates these tasks for their customers.
Visa Powers the Fortnox Card
"Visa supports and empowers small businesses, and we believe that they play a critical role in helping to advance digitalisation and inclusive growth. The collaboration with Fortnox and Mynt embodies that commitment by empowering SMEs in Sweden. By simplifying daily operations and reducing administrative burdens, Fortnox's new corporate card feature, powered by Visa, allows Swedish entrepreneurs to focus on growth and achieve their ambitions. We believe this partnership will provide invaluable support for their future success." Says Philip Konopik, Visa Regional Managing Director of the Nordics and Baltics.
The Fortnox card, added to Apple Pay.
About Fortnox
Fortnox AB (publ) is a business platform that connects people, businesses and organizations. Fortnox helps businesses start, grow and develop. With smart technical products, solutions and services, and the ability to connect them with hundreds of external parties, the ERP is a hub for businesses in Sweden. Fortnox vision is to create a prosperous society shaped by thriving businesses. Established in 2001, its headquarter is located in Växjö with offices in Malmö, Linköping and Stockholm. Fortnox AB is listed on Nasdaq Stockholm.
About Mynt
Mynt is a Swedish fintech company that provides expense management and card issuing solutions tailored for small and medium-sized enterprises. Licensed by the Swedish Financial Supervisory Authority, Mynt collaborates with Visa to deliver innovative financial products. These offerings include embedded card services and expense management, with integration options available through APIs and as a fully white-labeled product.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
