Company Research Report: Archa Limited
Company Overview
Name: Archa Limited
Mission of the Company: Archa aims to revolutionize corporate credit cards and spend management platforms for businesses, particularly catering to small businesses that have been underserved by traditional banks. Archa is focused on creating technology-first solutions that enable teams to make better financial decisions and manage their spend effectively.
Founded: No information is available.
Founders: No information is available.
Key People: No information is available.
Headquarters: Melbourne and Sydney, Australia
Number of Employees: 20+ employees
Revenue: No information is available.
Known For: Archa is known for its corporate cards and spend management solutions tailored for small businesses. It provides seamless integration with existing tools, such as accounting software, and offers features like instant card issuance, rich controls, subscription management, and zero FX margin spending.
Products
Corporate Cards
Description: Easy to issue corporate cards with dynamic limits, accepted globally with Mastercard.
Key Features:
- Instant issuance
- Globally accepted with Mastercard
- Dynamic limits and real-time control
Expense Management
Description: A platform that allows finance teams to reduce overhead by streamlining corporate spending.
Key Features:
- Capture receipts and add notes
- Reconcile with ease
- Mobile app for receipt uploads and spend categories
Oversight and Controls
Description: Tools to manage team spending more effectively.
Key Features:
- Manage limits in real-time
- Lock, freeze, and unfreeze cards
- Receive spending alerts and review team spending
Accounting Integrations
Description: Seamless integration with popular accounting systems like Xero and SAP Concur.
Key Features:
- Real-time transaction visibility
- Automatic receipt scanning and pre-fill key information
Rewards
Description: Programs to convert team spending into travel rewards and other benefits.
Key Features:
- Earn Velocity Points
- Travel Inconvenience, Travel Accident, and Medical coverage for eligible travel
Recent Developments
New Products Launched
- [Archa Rewards](#): Launched a rewards program allowing businesses to earn Velocity Points and access travel covers such as Travel Inconvenience, Travel Accident, and Medical coverage.
- Expense Management Integration with Xero: Announced on July 12, 2022, Archa introduced an expense management integration with Xero, becoming a certified Xero app.
- Xero Bank Feed Integration: Launched on April 7, 2022, providing businesses with real-time financial visibility.
New Partnerships
- Google: On May 9, 2022, Archa announced a strategic partnership with Google, marking a first in the Australian market.
- Mastercard: On March 17, 2020, Archa established a strategic partnership with Mastercard and later became a principal issuing member on October 21, 2020.
New Features Added
- No information is available.
Customer Testimonials
1. Law Squared: “Setting up company cards for staff was really easy, and has reduced our monthly financial admin significantly.” - Trent Milvain, COO
2. Rockstar Finance: Received positive feedback for ease of card setup and significant reduction in financial administration overhead.
Company Performance Metrics
- 800+ hours saved annually: Reduce time spent on admin tasks across cardholders and finance teams.
- 75+ return domestic flights: Redeemed annually using Archa Points.
- $24k FX fee savings: Due to Archa’s 0% FX fee markup policy.
Conclusion
Archa Limited is a forward-thinking company focused on providing advanced corporate cards and spend management solutions for small businesses. By integrating with existing platforms and focusing on customer-centric features, Archa has positioned itself as a key player in the fintech landscape in Australia.
