# Coast

> Coast is a New York-based fintech building modern payments and expense-management software for businesses that run vehicle fleets and field teams. Its Visa-backed fuel and fleet card pairs hardware-grade spend controls with software that auto-codes receipts, matches transactions to GPS and tank data, and kills the monthly expense report. Founded in 2020 by Bread co-founder Daniel Simon, Coast has raised nearly $100M in equity plus significant debt capital, and serves thousands of fleets across construction, HVAC, landscaping, transportation and other field-heavy trades.

- **Founded:** 2020
- **Headquarters:** New York, United States
- **Founders:** Daniel Simon (Founder & CEO)
- **Team size:** 120-170 employees
- **Products:** Coast Fuel & Fleet Card, Field Cards, Expense Management Software, Telematics & GPS Verification, Fuel Rebate Network
- **Notable:** Raised nearly $100M in total equity financing plus tens of millions in debt capital, Grew business more than 5x in 2023 and revenue ~10x over 18 months, Featured in a Visa Commercial Solutions white paper on fleet-card innovation

## Products & services

- **Coast Fuel & Fleet Card** — A Visa-network fuel and fleet card with card-, driver-, and vehicle-level spend controls, fuel-type rules, purchase frequency limits, and real-time transaction alerts.
- **Field Cards** — Expense cards for teams in the field, usable for maintenance, supplies, travel and more at any merchant that accepts Visa.
- **Expense Management Software** — Included at no extra cost - receipt capture, automated transaction coding, accounting sync, and real-time reporting that eliminates manual expense reports.
- **Telematics & GPS Verification** — Integrations that match each transaction against vehicle GPS location, tank capacity and odometer data to flag fraud and ghost gallons.
- **Fuel Rebate Network** — Per-gallon rebates and cashback at roughly 30,000 stations nationwide, including partner brands.

## Achievements

- Raised nearly $100M in total equity financing plus tens of millions in debt capital
- Grew business more than 5x in 2023 and revenue ~10x over 18 months
- Featured in a Visa Commercial Solutions white paper on fleet-card innovation
- Signed fuel partnerships with 7-Eleven, Casey's, RaceTrac and EG America brands
- Customers report ~9-10% fuel savings and 16 hours of monthly admin time saved

## Latest updates

- **2024-03** — Raised $92M in new capital ($25M equity + $67M debt) and deepened its partnership with Visa.
- **2024-07** — Closed a $40M Series B led by ICONIQ Growth with Synchrony joining as a strategic investor.
- **2025-01** — Continued partnership and product expansion; established a second headquarters in Utah.

## Links

- Website: https://coastpay.com
- LinkedIn: http://www.linkedin.com/company/coastpay
- Twitter/X: https://twitter.com/coastpayments
- Facebook: https://www.facebook.com/CoastPay

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Profile page: https://yespress.io/coast
Published by YesPress — https://yespress.io
Last updated: 2026-06-07