Frequently asked questions
About Kodo
Kodo was started in 2019 with a strong belief that repetitive financial tasks should be automated so that founders can focus on building their business and doing what they love.
We offer an all-in-one payments solution that simplifies corporate spending for your entire company. Kodo cards, bank transfers and UPI payments help you move money faster and smarter. Add to that, a slick spend management platform that helps you keep track of company-wide expenses.
1) Prepaid cards
2) Vendor payouts
3) Accounts Payables Automation
You can use these products for:
- Online company expenses like digital marketing, ad spends, IT subscriptions, etc.
- Offline company expenses like travel, fuel, accommodation, etc.
- Vendor payments, salary disbursals, employee reimbusements, etc.
- Excellent customer service – We love our customers and this reflects in how we serve them.
- Simple user-friendly interface – We take the stress out of payments by providing you with an intuitive dashboard that is very easy to use.
- Unmatched rewards and perks – We offer exclusive discounts on office and laptop purchases, AWS payments, Google Workspace, etc.
- Customer-first product – We work very closely with our customers to launch new features that solve their most pressing payment problems.
- Lower fees – We strive to provide you with the best payment experience at the lowest possible cost.
The Kodo card is issued in the name of your company. Funds are added directly from your company’s account, and transactions will be made from the cards issued under your company name. You don’t need to stress about getting reimbursements every month or before the end of the accounting year.
From an accounting and tax perspective, it’s prudent to keep your personal and business expenses separate. You don’t want to worry about proving later that the reimbursement amount you received in your personal account is not taxable salary.
A debit card gives anyone carrying it, access to the entire cash balance in your company’s bank account. That’s why you typically have to make a special request to get a debit card at the time of opening your company’s bank account. Kodo cards provide additional security, personalized control over card spends and visibility into how your company money is being used.
Also, debit cards cannot be issued to multiple team members. Kodo allows you to easily issue multiple cards with set spend limits and monitor them in real time using it’s integrated expense management tool.
Kodo card is for your business expenses. So, any kind of a business setup is eligible for Kodo (you can mention registered in India). Private Limited Companies, LLP/Partnership firms, Sole Proprietorships are eligible for Kodo.
Yes. If you have admin rights on Kodo, you can issue Kodo cards to as many team members as you like directly from your dashboard. You’ll get a real-time view and analytics of the spends done using all the Kodo cards in your company. If a team member leaves the company, you can easily block the card on Kodo.
Not at all! You can have a Kodo account for your company with just 1 card, though we usually recommend that you issue cards to your team members as well. This can help free up your time and delegate payments while still having control over your company’s spend.
Once the KYC process is completed, the dashboard is activated, and the user can start transacting instantly.
Absolutely! You can login to your Kodo admin dashboard where you have complete control over your company cards. You can issue new cards and block old ones, set daily and monthly limits for each card, reload balances, flag transactions as personal, and much more.
Yes we do! We have a PWA (Progressive Web Application) which means it can be easily downloaded from the browser on your phone and desktop. You can follow the below steps: For Chrome users –
- Go to the website kodo.in and click on ‘Login’.
- Enter email id and passcode to log into the dashboard.
- Go to the extreme right top corner and click on the three vertical dots.
- From the options, click on ‘Install Kodo’ .
For Safari users –
- Go to the website kodo.in and click on ‘Login’.
- Enter email id and passcode to log into the dashboard.
- Choose the Share up arrow at the bottom of the screen and select ‘Add to Homescreen’
Kodo cards
Yes! Kodo cards are accepted at any offline or online merchant in India as they are on Visa.
- You can set daily and monthly limits.
- Lock and block cards.
- Enable or disable certain transaction channels — ATM withdrawal, Online transactions.
Yes, we offer both! Virtual cards are issued automatically and physical cards can be requested as well.
Your physical Kodo card will be at your doorstep in 7-10 business days. In the meantime, you can start using your virtual Kodo card instantly.
As many as you want! We have no limit on the number of team members you can add to Kodo. Moreover, you can control the level of access each team member has by assigning them the role of either a user or an accountant or an admin.
No, you can load as much money as you need on your Kodo card!
Yes! Many of our customers have cards are exclusively for either Facebook ads, digital marketing spends or SaaS payments.
Yes! In your admin dashboard, you can get an overview of your total company spends and filter by employee names and month to view such transactions.You can also download a custom CSV file of these filtered transactions.
Yes! You can add the receipts to each transaction by uploading a PDF or image of the bill directly on the dashboard itself. Alternatively, you can also email a copy of the receipt to our dedicated Kodo email that will attach the receipt for you.
Kodo pay
You can use Kodo Pay to make payments to anyone (vendors, employees, etc.) using a bank transfer, UPI ID or QR code.
Yes! You can upload a CSV file of all your beneficiary payments and seamlessly make payments to multiple beneficiaries at once through Kodo Pay
Pricing
Currently, we don’t have any charges for the issuance of Kodo prepaid cards though there are fees on certain types of transactions:
ATM withdrawal charges = ₹20+GST
Payments made using Kodo Pay carry a 0.5% fee with a maximum cap of INR 10 per transaction. If payments are made using the credit facility offered by our credit partners, applicable fees & interest related to that partner will be charged.
Process
You can apply directly through our website or write to us at support@kodo.in
In your admin dashboard, once you click on activate Kodo account, you can add funds by directly making a bank transfer into your Kodo business account.