Evea provides financial tools for businesses, including expense management, automated bookkeeping, and real-time insights into cash flow. Their platform helps founders and growing companies streamline financial operations and make data-driven decisions.
Funding
Funding not disclosed
Founders
Product
Problem
Many startups and growing businesses in Nigeria face challenges accessing credit and managing their finances efficiently due to traditional financial institutions' rigid requirements and limited understanding of their unique needs. This can hinder their ability to manage cash flow, control spending, and make informed financial decisions.
Solution
Evea provides a corporate credit card and expense management platform designed specifically for startups and growing businesses in Nigeria. The platform offers instant access to credit lines with dynamic limits that adjust based on a company's cash flow, without requiring personal guarantees. Evea enables businesses to issue unlimited virtual and physical cards to team members, set spending limits, track expenses in real-time, and automate receipt matching. By integrating expense management and spend control tools, Evea empowers businesses to streamline their financial operations, gain insights into spending patterns, and make data-driven decisions.
Target Audience
Evea targets registered businesses in Nigeria, including sole proprietorships and private limited companies, particularly startups and growing businesses that need flexible access to credit and efficient expense management tools.
Features
- Corporate credit cards with limits up to 75% of monthly sales, and a maximum credit limit of N50 million
- Dynamic credit limits that increase with business cash flow
- Unlimited virtual cards for secure online purchases and subscription management
- Physical cards for team members with customizable spending limits
- Real-time expense tracking and automated receipt matching
- Color-coded expense categorization for easy identification of spending patterns
- Card lock/unlock functionality for security
- Integration with Okra for secure bank account linking
- No hidden fees or interest charges