Archa provides a platform for issuing and managing corporate credit cards with real-time spending controls and expense management features, enabling businesses to streamline financial operations. By eliminating foreign exchange fees and integrating with accounting systems like Xero and SAP Concur, Archa helps companies save on administrative costs and enhance financial oversight.
Funding
$30.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face challenges in managing corporate credit cards, including difficulties in controlling employee spending, high foreign exchange fees, and time-consuming expense reconciliation processes. Traditional systems often lack real-time visibility and seamless integration with accounting software, leading to inefficiencies and increased administrative overhead.
Solution
Archa provides a corporate credit card and expense management platform designed to streamline financial operations for businesses. The platform enables companies to issue cards to their teams, set dynamic spending limits, and monitor transactions in real-time. By eliminating foreign exchange fees and offering seamless integration with accounting systems like Xero and SAP Concur, Archa helps businesses reduce administrative costs and improve financial oversight. Employees can easily capture receipts and add notes via mobile apps, while finance teams gain enhanced control and visibility over company spending.
Target Audience
Archa primarily targets finance teams and businesses in Australia seeking to streamline corporate spending, reduce administrative overhead, and gain better control over expenses.
Features
- Corporate cards with dynamic spending limits, accepted globally via Mastercard
- Real-time monitoring of card transactions and spending alerts
- Mobile apps for employees to capture receipts and categorize expenses
- Automated receipt scanning and pre-filling of key information like GST amounts
- Zero foreign exchange margin on international transactions
- Integration with accounting systems like Xero and SAP Concur
- Ability to lock, freeze, and unfreeze cards instantly
- Velocity Points rewards program for eligible spending