Boost Payment Solutions, a global leader in B2B payments has made waves in 2024 with a remarkable 148% increase in processed transactions compared to the previous year. This exponential growth reflects the company’s commitment to driving innovation and efficiency in corporate payments.
Dean M. Leavitt, Founder and CEO of Boost, highlighted the company’s vision: “Our focus on delivering advanced solutions like Boost 100XB and promoting strategic collaborations, such as our partnership with American Express, is transforming the way businesses handle payments globally.”
Key Milestones from 2024
Transaction Volume Growth
Boost processed 8.8 million transactions in 2024, accompanied by a staggering 91% year-over-year growth in total processing volume. This underscores the trust businesses place in Boost’s secure and efficient payment infrastructure.
Launch of Boost 100XB
A breakthrough for international transactions, Boost 100XB allows U.S.-issued commercial cards to facilitate payments to suppliers in over 180 countries. This solution simplifies cross-border transactions, expanding opportunities for businesses and financial institutions alike.
New Leadership for a New Era
Rinku Sharma joined as Chief Technology Officer, bringing expertise from Amazon and RBC Capital Markets. Additionally, Illya Shell was named Chief Operating Officer, continuing Boost’s legacy of strong leadership.
Collaboration with American Express
Boost’s partnership with American Express provides U.S. merchants access to Boost Intercept®, a Straight-Through Processing (STP) solution. This move minimizes manual processing challenges for American Express virtual cards, enhancing operational efficiency for suppliers.
Awards and Recognition
Boost earned accolades in 2024, including a spot on the Inc. 5000 list, multiple Stevie Awards, and recognition as one of the Financial Technology Report’s Top 100 Financial Technology Companies. CEO Dean M. Leavitt was also named among the Top 50 Financial Technology CEOs.
What’s Next for Boost?
As digital payment transformations accelerate, Boost is poised to drive further innovation in 2025. The company’s focus on simplifying payment operations, enhancing security, and expanding global reach sets it apart as a leader in B2B payment solutions.
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