Bolt’s Rapid Growth Requires Scalability

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:

• Efficiency equivalent to 2 Full Time Employees.
• Hard and Soft cost savings of millions of Euros per year due to financial risks mitigation, automated FX, improved yields on cash, and efficient working capital management.

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.