boya

Kenyan technology company Boya has launched its virtual expense card in partnership with VISA and Diamond Trust Bank – Kenya. The new solution is designed to help businesses of all sizes manage payments and expenses with one virtual card solution at zero fees.

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.

Key features of the expense management solution include:

  • Easy expense tracking: The solution enables users to capture and categorize expenses in real time, using both mobile and web applications. With customizable expense categories, transactions are automatically recorded when a payment happens, and users can attach receipts and add notes instantly.
  • Seamless approvals: Businesses can establish robust approval workflows tailored to their organizational structure. Approvers can review, comment, and approve expenses with a few clicks, ensuring compliance and minimizing delays.
  • Powerful reporting: The solution offers in-depth reporting capabilities, providing businesses with valuable insights into spending patterns, budget allocation, and cost-saving opportunities. Customizable reports can be generated to meet specific requirements, facilitating informed decision-making.
  • Integration and automation: Boya’s expense management solution seamlessly integrates with popular accounting software, eliminating the need for manual data entry and reducing errors. It also automates expense policy enforcement, ensuring adherence to company guidelines and compliance with regulations.
  • Mobile accessibility: The solution boasts a mobile app compatible with both iOS and Android devices, empowering users to manage expenses on the go. This convenient feature enables employees to make payments, track expenses, and approve transactions anytime, anywhere.

Speaking during the launch, Boya Chief Executive Officer Mr. Alphas Sinja said, “We are excited to introduce our cutting-edge Virtual Card Expense Management solution to Kenyan businesses. We aim 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.”

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He added, “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.”

DTB’s Group CEO and Managing Director, Nasim Devji, highlighted the significance of this partnership, stating, “Today, we embark on an exciting journey with Boya, where innovation and collaboration will drive real change in the realm of financial services. 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,”

The virtual expense card is available to all Boya customers, and it can be used to make payments for a wide range of business expenses, including travel, accommodation, and office supplies. The card is also linked to a dedicated virtual account, which makes it easy to track and manage expenses.

The launch of the virtual expense card is a significant milestone for Boya, and it is a testament to the company’s commitment to providing businesses with innovative and user-friendly financial solutions. The card is sure to be a valuable tool for businesses of all sizes, and it is a welcome addition to the Kenyan fintech landscape.

For more information about Boya or to request a demo, please visit here or contact them here

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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