Kenyan fintech company, Boya Inc, has teamed up with VISA and Diamond Trust Bank – Kenya to introduce a virtual expense card that will facilitate seamless payment and expense management for businesses, all at no cost.
Boya’s platform is designed to revolutionize expense tracking and reporting for businesses of all sizes, providing them with unmatched control over their financial operations. Through the partnership, Boya Inc, backed by Ycombinator, has integrated DTB’s Cards as a Service offering into its platform. This integration allows Boya’s customers to access virtual corporate cards, supported by the Visa card scheme. Using these virtual corporate cards, businesses can efficiently track, manage, and reconcile company expenses, streamlining financial processes and promoting transparency.
Mr. Alphas Sinja, the CEO of Boya Inc, stated that their aim is to empower businesses with a comprehensive tool that simplifies expense tracking, enhances financial control, and boosts operational efficiency. The solution automates time-consuming tasks and offers valuable insights, enabling organizations to focus on their core activities and achieve strategic goals.
In today’s rapidly evolving digital landscape, traditional expense management processes often fall short in meeting the demands of modern businesses. Boya recognized these challenges and developed an advanced virtual card solution to streamline and simplify expense management.
Nasim Devji, DTB’s Group CEO, emphasized the significance of the partnership, aiming to drive real change in the financial services realm through innovation and collaboration. The collaboration will provide customers with personalized, secure, and user-friendly financial solutions, positioning both companies at the forefront of the industry.
The Boya platform, which operates on the cloud, simplifies and automates the entire expense management process, enabling businesses to effortlessly manage expenses, enhance financial visibility, and achieve significant cost savings.
During the launch event, the government reiterated its commitment to increasing technology uptake across the country, with a focus on eliminating barriers to access. Key areas of focus will include consumer protection, promoting competition, and ensuring reliable digital connectivity across the country. The new strategy aims to ensure that access to digital technology is available to all citizens.
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