Ormeria provides a financial operations platform purpose-built for yachts, consolidating approvals, card payments, and record-keeping into a single workflow. The platform offers multi-currency vessel accounts with budget wallets for fuel, charter, provisions, and crew, plus corporate expense cards with per-category spending policies and single-use cards tied to purchase orders. It replaces the fragmented mix of bank portals, personal cards, and spreadsheets that captains and management companies currently rely on.
Funding
Funding not disclosed
Founders
Product
Problem
Yacht operations rely on a fragmented mix of bank portals, personal cards, and spreadsheets to manage spending, approvals, and record-keeping. Captains and management companies spend significant time stitching together payments and reports across these disconnected tools, which creates inefficiencies, limited transparency, and a higher risk of errors in financial management.
Solution
Ormeria provides a financial operations platform that consolidates approval, payment, and record-keeping into one system. The platform includes vessel accounts in EUR, USD, and GBP, with capital held in budget wallets for categories like fuel, charter, provisions, and crew. Corporate expense cards enforce spending policies per cost category, and single-use cards are issued per purchase order, opening on approval and closing on payment. The workflow moves from funding to payment to reporting, ensuring every transaction is tied to an approval and expense record that stays together for the captain, management company, and owner.
Target Audience
The primary customers are yacht captains, yacht management companies, and vessel owners who need streamlined, transparent control over operating finances and expense reporting.
Features
- Multi-currency vessel operating accounts (EUR, USD, GBP) with live balance tracking per budget wallet (fuel, charter, provisions, crew)
- Corporate expense cards with configurable spending policies per cost category, including single-use cards tied to purchase orders and allowance cards for crew
- Unified payment lifecycle: funding received into vessel accounts, approvals completed against budget lines, then card payments executed, with receipts and expense records linked from approval to statement
- Reporting designed for owners, management offices, and accountants, keeping vessel and crew spending separate
- Initial release covers card payments with wire transfers planned as a subsequent feature