Fintech start-up Pleo has introduced a new credit card in partnership with Mastercard and JP Morgan.

The launch initiates the company’s strategy to switch to credit cards replacing its prepaid card offerings.

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In a blog post, Pleo noted that the credit card is more widely-accepted than similar prepaid offerings.

The credit cardholders will be able to make payments to Google AdWords and Microsoft Azure. They can also make payments are several car rental sites and hotel chains.

Furthermore, the Pleo credit card will have an improved uptime and will enable swift on-tap 3D Secure Payments.

The firm has also taken steps to improve money management for companies that use Pleo business banking services. It now enables the company admins to add funds to a central wallet that can be accessed by all Pleo cardholders in the company.

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The fintech firm is also working with banks to streamline transfers to wallets and initiate automatic wallet loads.

JP Morgan managing director in EMEA Wholesale Payments Tristan Attenborough said: “The technology and our co-development approach means Pleo is now better placed to serve European SMEs and help them manage their expenses through a powerful combination of automatic liquidity management, real-time payments and multicurrency credit cards.”

Notably, Pleo raised $56m in a Series B funding round last year. The round was led by US-based growth fund Stripes.

Pleo offers smart payment cards that allow employees to purchase stuff and enables companies to monitor their spending.