The company once known for fuel cards now sits inside invoices, hotel bookings, foreign-exchange trades and millions of everyday business purchases. Its next act is a deliberate turn toward corporate payments - with AI, APIs and new settlement rails layered onto an unusually physical financial network.
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.