SpendCare is a spend-management platform for the organizations that arrange and pay for care of older adults. It began from the observation that buying everyday goods on a senior client's behalf is needlessly complex and open to misuse, and it replaces that complexity with restricted spending tools. The company sells flexible benefit cards for PACE organizations, caregiver spending cards for home care agencies, and a shared account for families.
Its product is a co-branded spending card governed by personalized spending rules that can prevent purchases online and at certain types of stores, block cash withdrawals, and lock cards automatically, with on-demand reporting that analyzes spending by category and distance from the cardholder's home. The cards are built so caregivers and families can buy what a senior needs without manually tracking purchases and receipts. Buyers are PACE organizations, home care agencies, and families funding an aging relative's daily needs.
