I work as a PM at a fintech startup in the US and we're looking to expand to Australia and create a credit card product designed around small businesses. The company is experienced with small business lending and lines of credit, so products of that nature will be launched in parallel. However on the topic of credit cards, we're looking to create something that actually works for Australian small businesses. Everything I've seen so far is the usual, business credit card with some reward points and that's it. It also seems to be quite difficult to get approval for, especially during covid.
There are products like Brex (https://www.brex.com/) in the US that offer a credit card for startups, but they require at least $100K in collateral (so only funded startups) without the need for a personal guarantee, which is uncommon here in Australia.
My question is, what do you feel is missing when it comes to business/corporate credit cards in Australia? I like to keep the question clear from any bias so I won't suggest any products or features that I think would work.
Thanks in advance!