Evea – The Perfect Solution for Startups & Young Businesses

Changing the narrative of the past

For years, traditional banking institutions have always overlooked the financing needs of young companies, frustrating the efforts of young founders to access funds to support their cash flows.

And the presumed credit access solution offered by these old banking systems is quite costly, unfit, and inefficient, which is the exact opposite of what a growing company needs.

Secondly, the current underwriting process of these financial institutions is an inadequate and time consuming process for young startups that needs a quick influx of cash. For this reason, there is an over-reliance on the founders’ personal finances to keep their company’s cashflow afloat.

In changing this narrative, here comes Evea— a solution that will support the growth of young startups by helping to float/offset/balance their cashflow expenses through its corporate credit cards (called Evea Card).

Evea and its Card

As we build the next generation of B2B financial services, Evea will be supporting young companies & startups to have access to finances through the Evea card, tracks all spending (in real-time) with completely automated expense management features, and fully integrates with accounting systems; so, they can get back to growing their businesses on full scale.

By disrupting the conventional credit model, the Evea Card is intended to cater to entrepreneurs and their start-up companies of all sizes, re-imagining the underwriting so that it does not require personal guarantees, and applications are evaluated on the basis of the company’s own cashflow.

Designed to support startups growth

The credit card that encourages you to pay zero interest

• No personal guarantee, no interest, no annual fees.
• A card with limits that are 10x greater than traditional loans given to young startups.
• Synchronize all expenses seamlessly in real-time across top accounting tools (such as QuickBooks, etc.) to keep your books clean with smart expense categorization, automated receipt matching, and transaction reconciliation, saving you hours of workload in accounting.

Tools and features – built for tech-based startups

Insight into company spend

• Built-in expense management tool.
• Automated receipt marching—automatically requests, collects and matches receipts to the appropriate transaction.
• Instant issuance of (virtual & physical) cards to you and your team members.
• Real-time expense tracking – allowing you to see spends as it happens.
• Accounting tools Integrations – Auto-reconciliation of transactions to save you time in your bookkeeping—i.e. direct integration with various accounting tools.
• Vendor management (Automating Vendor payments / Subscriptions)
  
  
  Interested in using Evea?
  Join our waitlist so you can get early access, and be one of the first to use Evea!

For more information and to get early access, visit https://www.evea.com.ng

For any questions and further updates on Evea, please do tweet and follow us both on Twitter and Instagram @EveaHq