Case Study: Bolt achieves scalable, automated treasury and millions in euros of cost savings with Kyriba

Bolt’s Rapid Growth Requires Scalability

Bolt is a leading European mobility super‑app operating in 45+ countries with over 100 million customers and 3 million drivers. Rapid expansion created pressure on treasury operations—Bolt needed a scalable, technology-driven treasury to mitigate financial risk, support efficient working capital management, and enable faster, more strategic decision making.

Kyriba implemented its Open Format Studio and treasury suite, giving Bolt self‑service payment format management, end‑to‑end FX, bank API connectivity, Workday and other system integrations, intercompany lending controls, and advanced forecasting. The project streamlines operations (equivalent to 2 FTE), and is expected to deliver millions of euros in annual hard and soft cost savings through risk mitigation, automated FX, improved cash yields, and more efficient working capital.

Bolt

Mahmoud Iskandarani

Director, Group Treasury