Bolt, a fast-growing global mobility platform, operates in over 50 countries, offering ride-hailing, micro-mobility, car rentals, and food and grocery delivery. With such a diverse and expansive operation, Bolt’s treasury team faces the daily challenge of managing high transaction volumes across multiple currencies and financial partners, including not just traditional banks, but also a complex web of non-bank electronic money institutions (EMIs) and digital wallets.

Thanks to Kyriba App Studio, a secure, AI-powered integration platform for connecting treasury to digital wallets and financial systems, Bolt’s treasury transformed its cash visibility from slow, manual weekly updates to automated insights every ten minutes—a shift that’s more than 10x faster and empowers their team with near real-time control.

From disconnected digital wallets to unified treasury visibility

As Bolt expanded into new markets, Senior Treasury Manager Freek van den Engel and his team found themselves facing a widening gap in their ability to connect seamlessly with non-bank EMIs. While traditional banks support standard connectivity and automation, making it easy to receive account statements and automate payments, most non-bank EMIs only offer bespoke API connections. These APIs aren’t standardized, require custom development to connect, and often lack the automation features treasury teams rely on.

As Freek explains, “We wanted the same standard experience we have with banks—just receive an account statement, know what’s happened on the accounts, and ideally be able to pay from these accounts. But with non-bank EMIs, this was stuck behind custom APIs and required significant development effort.”

What Bolt needed was a way to automate the importing of balance and transaction data from multiple digital wallets, without the complexity, cost, or overhead of third-party tools or consultants.

From manual integrations to self-service API connectivity

This is where Bolt is supported by Kyriba App Studio, a new feature embedded directly into Kyriba’s Liquidity Performance Platform. Kyriba App Studio bridges the connectivity gap, allowing direct, self-service integration between Bolt’s treasury management system (TMS) and any wallet or EMI API, without third-party middleware or extensive technical resources.

Freek describes the fit as ideal: “Kyriba App Studio is embedded right into our TMS, just like the connectivity we have with our big banking partners. It lets us avoid extra third-party solutions that add complexity and cost. It follows a model that works for us, and I think it works for many other corporations as well.”

A distinguishing feature of Kyriba App Studio is its self-service model. The treasury team can create and manage their own API connections using guides from Kyriba with no outside consultants required. “It gives you full control as an end user over the entire setup. You can create the connectivity from scratch, and that’s very powerful,” Freek notes. “You do need to be a little bit tech-savvy, but with the guides provided by Kyriba, even less technical users can do it themselves.”

From pilot to production in hours

Bolt’s journey with Kyriba App Studio began after meeting with a Kyriba product manager at a user community in the Netherlands. The pilot was quickly enabled in a sandbox environment, allowing the treasury team to experiment risk-free.

For the first wallet, the only preparation needed was to generate a unique security key. Within a single one-hour call, the team had set up and gone live with automated balance reporting, which was an unexpectedly smooth and rapid deployment. “I had not expected it to work so well, so quickly. We moved it to production the same day,” says Freek.

Subsequent wallet integrations were even faster, taking just half an hour each. The agility and control this provided the treasury team were immediate and significant.

From data complexity to AI-powered simplicity

One of the standout features was the integration of AI capabilities within Kyriba App Studio. Since each wallet’s API outputs data differently, Kyriba’s AI agent helped bridge the gap. “We provided the API output to the AI agent, and it wrote a Python script to convert the data into the CSV format Kyriba expects. I don’t know anything about Python, but it worked perfectly,” Freek recalls. This made future changes and customizations fast and accessible, even to non-programmers.

From early lessons to future opportunities

The main challenge encountered was adapting to the 24/7 operating nature of digital wallets, which lack the clear end-of-day reporting structure of banks. Time zone management and defining “end of day” for accounting purposes required careful planning and are still being refined, especially as Bolt plans to expand from balance to transactional reporting.

Freek’s advice to peers? “If you work with non-bank EMIs and don’t have a good solution, look into this. If you have a solution, this might replace it and save you time and cost. Strategically, it just makes sense to use your TMS for all connectivity, banks and wallets alike.”

Bolt’s experience with Kyriba App Studio has been positive in every way. The combination of direct embedment, self-service, and AI-powered data transformation accelerated their treasury team’s agility and control, eliminated low-value manual work, and improved risk management.

“It’s just a good experience,” Freek concludes. “We’re eager to expand to more wallets and see even more value as the platform matures.”