Lotte Card Launches 'GoWith Lotte Corporate Card' Exclusively for Startups
Up to 55% Discount Benefits in IT Software and Equipment Sector
[Asia Economy Reporter Ki Ha-young] Lotte Card announced on the 14th that it has partnered with GoWith, a fintech company specializing in business-to-business (B2B) financial solutions, to launch the 'GoWith Lotte Corporate Card,' a corporate card exclusively for startups.
This card grants credit limits based on real-time financial information of startups provided by GoWith. Through this, it has improved the restrictions on corporate card issuance caused by financial documentation limitations faced by domestic startups.
The application process is also simple. Applicants complete the corporate membership registration form and corporate card application form on the GoWith website, and the application is completed by registering the shareholder list and a digital certificate.
The card also includes services useful for startup companies. Through the GoWith website, users can enjoy up to a 55% discount when paying for IT software and equipment services such as Amazon Web Services (AWS), MS 365, G Suite, Dropbox, Apple electronic products, and JetBrains. Additionally, it features Master brand services, offering free airport lounge access twice a year and hotel and airport valet parking services three times a month, with no usage conditions or annual fees as of last month.
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A Lotte Card official said, "Even though these are excellent startups, those with only 1 to 2 years of operation had difficulty providing financial documentation and could not apply for corporate cards," adding, "With this card, we can provide many domestic startups the opportunity to obtain corporate cards."
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