Coast Launches First All-In-One Card and Expense Platform Built Exclusively for Fleet Businesses

Coast expands beyond a fuel card to help finance teams save 10% on their corporate card spend and close their books 1.5 days earlier with all-in-one expense platform

NEW YORK, July 17, 2025 /PRNewswire/ -- Coast, a financial platform for companies operating vehicle fleets, today announced the launch of its new corporate card and expense management platform, giving residential and commercial services trades, construction, specialty transportation, and more a single system to manage fuel, employee, and vendor spend. The platform is now available to all Coast customers at no additional cost.

With this expansion, Coast moves beyond fleet cards to become the first comprehensive card and expense management solution tailored for fleets, empowering businesses to manage fuel, employee, and vendor spend on a single, modern platform.

 "Most corporate card solutions were built for office-based employees. They can't handle mobile teams, job-specific spend, and the operational complexity that companies with operations in the field face", said Daniel Simon, CEO of Coast, "Coast delivers a vertical-specific solution that works for the field, the front office, and the finance team alike."

While modern expense platforms have grown in use within office environments, most construction and trades businesses continue to rely on outdated, manual systems due to their unique needs and diverse spend types, across inventory and supplies purchasing, field expenses including fuel, vehicle maintenance, hotels and rental cards - all of which may need to be associated with specific customers and jobs for billing workflows.

In April 2025 Coast surveyed 95 fleet businesses to better understand how they manage expenses today:

• Only 10% use a dedicated expense management solution
• 53% still rely on traditional expense reports
• 42% take longer than six days to close the books each month

This lack of purpose-built tools creates significant drag: missing receipts, inconsistent compliance, overspending, and wasted time.

Coast's expansion into expense management brings together all card spending — fuel, employee purchases, and vendor payments — on one single platform. The platform includes features like mobile receipt capture, accounting integrations with QuickBooks, NetSuite, and other platforms, virtual cards for vendor payments, and customizable spend controls.

Coast piloted the new platform with a group of existing customers, including businesses in HVAC, pest control, and field services. They reported:

• 10% reduction in overall card spend
• 1.5 days saved per month on reconciliation
• 19% improvement in receipt collection

"The Coast team didn't just hand us a tool, they worked with us to automate accounting, integrate with NetSuite, and tailor it to our needs. Now, everything is in one place, from receipts to job codes.", said Emilio Solis, Accounting Manager at FC Traffic Control.

Coast Expense Management is available today to all customers, at no additional cost, and with no setup fees. Learn more at coastpay.com/expense-management.

About Coast
Coast is re-imagining the trillion-dollar US B2B card payments infrastructure, with a focus on the country's 500,000 commercial fleets, 40 million commercial vehicles, and many million commercial drivers. Drivers, fleets, and the merchants that serve them all increasingly demand modern digital payments experiences and affordable and transparent financial services products. Coast's mission is to deliver them at a transformational scale and to improve working lives in one of the country's biggest industry sectors. Coast is founded and led by Daniel Simon, who previously co-founded digital payments platform Bread (breadpayments.com), which was acquired by Alliance Data Systems for more than $500 million in 2020. For more information, visit coastpay.com.

Media Contact
Angela Guido
press@coastpay.com

SOURCE Coast