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Success Story

Bolt’s Rapid Growth Requires Scalability

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“We selected Kyriba thanks to the track record they have working with fast growing tech companies that made it a safe bet. We’re implementing an advanced treasury system that can handle all our requirements in a scalable way, regardless of how quickly we grow.”

— Mahmoud Iskandarani, Director, Group Treasury, Bolt — Building the Future of Mobility

The Challenge:

  • Scalability: Ranked one of the fastest growing companies in Europe, Bolt needed a scalable treasury driven by technology to support the acceleration of the company.
  • Mitigate Financial Risk: Reaching unicorn status in just 5 years, proper treasury management was required to mitigate financial risks and create an efficient working capital management.
  • Strategic Decisioning: Needed a system to navigate and act on the opportunities arising from the current macro environment.

The Solution:

With Kyriba’s Open Format Studio, Bolt can manage the payment format process themselves to integrate new payments as expansion continues, along with:

  • End-to-end FX management
  • Connectivity to Bolt’s Bank via API
  • Integration across Bolt’s internal systems – including Workday
  • Managing intercompany lending

Positive business outcomes expected from this project:

“Kyriba’s forecasting module, their APIs and connections, as well as their partnerships will make all this possible and smoother!”

About Bolt

The 1st European mobility super-app, fighting for better cities and against private cars, offering a better alternative to private car ownership with flexible urban mobility – including ride-hailing, shared cars and scooters, and food and grocery delivery.