The startup offers a mobile application that enables users to link credit and debit cards for secure payments, including money transfers and bill payments. This platform consolidates financial transactions in one interface, allowing users to track expenses and make informed spending decisions.
Funding
$500K 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 and tracking expenses, often relying on manual processes that are time-consuming and prone to errors. Traditional methods lack real-time visibility, making it difficult to control spending and adhere to budgets. Reconciling expenses and ensuring compliance with financial regulations can also be complex and inefficient.
Solution
Boya provides an all-in-one spend management platform that combines corporate cards, expense management, and bill payments to give finance teams control and visibility over company spending. The platform enables businesses to issue unlimited virtual and physical cards with built-in spending policies, automate expense reports and taxes, and streamline vendor payments. Boya also offers real-time expense tracking, customizable approval workflows, and automated receipt capture to ensure compliance and reduce manual data entry. The platform integrates with accounting software and ERP systems, providing a single source of truth for all financial data.
Target Audience
Boya is designed for modern finance teams in small to medium-sized businesses across various industries, as well as larger enterprises seeking to streamline their expense management processes and gain better control over spending.
Features
- Unlimited virtual and physical corporate cards with customizable spending limits and controls
- Automated expense management with real-time receipt capture and categorization
- Streamlined bill payments with automated invoice capture, approval workflows, and payment scheduling
- Business accounts with account hierarchies, real-time transaction alerts, and customizable access controls
- Integration with accounting software and ERP systems such as Quickbooks, Xero, SAP, Microsoft Dynamics, and NetSuite
- Mobile money and bank transfer support for domestic and global payments
- Spend analytics and budget tracking with customizable reports and alerts
- Boya API for connecting with other business tools and custom integrations
- Single-use virtual cards for enhanced security and control over online transactions
- Automated reconciliation of transactions and receipts