Kenyan Tech startup, Boya, has launched its virtual expense card in partnership with Visa and Diamond Trust Bank Kenya. The virtual card is aimed at helping businesses manage payments and expenses with one virtual card solution at zero fees.
The Boya platform is designed to streamline and revolutionize expense tracking and reporting for businesses as it promises to empower organizations with unparalleled control over their financial operations. With this partnership, Boya has integrated DTB’s Cards-as-a-Service offering into its platform, that will enable Boya customers to access virtual corporate cards supported by Visa.
Through these virtual corporate cards, businesses can efficiently track, manage, and reconcile company expenses, streamlining financial processes and promoting financial transparency.
Speaking during the launch in Nairobi, Boya Chief Executive Officer, Alphas Sinja, expressed the company’s excitement to introduce this cutting-edge Virtual Card Expense Management solution to Kenyan businesses.
“Our aim is to empower businesses with a comprehensive tool that simplifies expense tracking, enhances financial control, and drives operational efficiency. By automating time-consuming tasks and providing valuable insights, our solution enables organizations to focus on core activities and achieve their strategic goals,” Sinja remarked.
“In today’s fast-paced digital landscape, traditional expense management processes often fall short in meeting the demands of modern businesses. Cumbersome paperwork, manual reconciliation, and time-consuming expense reporting can hinder productivity and impede financial visibility. Recognizing these challenges, Boya has developed an advanced virtual card solution designed to streamline and simplify expense management,” he added.
In her part, DTB’s Group CEO and Managing Director, Nasim Devji highlighted the significance of the partnership where innovation and collaboration will drive the change in the financial services sector.
“Our goal is to accelerate the development of innovative fintech products and services by serving as the link between banking and technology. This collaboration will give the customers access to personalized, secure, and user-friendly financial solutions, and position us at the forefront of the industry,” Nasim said.
The Boya platform is a comprehensive, cloud-based platform that simplifies and automates the entire expense management process. With a user-friendly interface and advanced features, businesses can now effortlessly manage expenses, improve financial visibility, and drive significant cost savings.