Tuakaw provides a unified spend management platform for African businesses, integrating corporate card issuance, travel booking, and expense tracking. The solution uses real-time controls and AI-powered automation to simplify expense workflows and ensure policy compliance. This platform delivers end-to-end visibility and efficiency across corporate spending operations.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses, particularly those operating in Africa, face challenges in managing corporate spending due to fragmented systems for issuing corporate cards, booking travel, and tracking expenses. This often leads to a lack of real-time visibility, manual reconciliation processes, and difficulties in enforcing spending policies, resulting in increased administrative overhead and potential compliance issues.
Solution
Tuakaw offers an integrated platform designed to unify corporate card issuance, travel management, and expense tracking for African businesses. The platform enables the instant creation of virtual and physical corporate cards with customizable real-time controls, including spending limits and transaction monitoring. It automates expense management through AI-powered receipt categorization and policy enforcement, simplifying out-of-pocket expense submissions and reimbursements. Additionally, Tuakaw streamlines travel bookings by embedding policy enforcement directly into the flight, hotel, and car rental reservation process, ensuring upfront compliance and reducing out-of-policy expenditures.
Target Audience
The primary target audience includes small to medium-sized businesses and enterprises operating in Africa that require a consolidated solution for managing corporate cards, travel, and expenses.
Features
- Virtual and physical corporate card issuance with real-time spending controls and transaction monitoring.
- AI-powered receipt scanning, data extraction, and automated categorization for expense management.
- Integrated travel booking system with embedded policy enforcement for flights, hotels, and car rentals.
- Multi-level, automated approval workflows for expenses and reimbursements with real-time status updates.
- Support for multi-currency transactions and mobile money integration tailored for African markets.
- Connectivity for multiple bank accounts with real-time syncing for a consolidated financial overview.
- Direct deposit capabilities for expedited employee reimbursements.
- API integrations for seamless reconciliation with existing accounting software.