Starboard Card: Transforming the Future of Onboard Financial Management for Superyachts

Posted December 10, 2023 in Lifestyle by Guest Author

Starboard Card is a bespoke financial management solution created with the needs of superyacht owners, captains, and yacht managers in mind.

Tech entrepreneur Dan Lane founded Starboard to tackle the unique challenges of onboard expense management, which he experienced firsthand while yacht racing at Cowes Week. Drawing on his tech background and passion for sailing, he assembled a team of experts from both finance and yachting to redefine how expenses are managed on superyachts.

The solution consists of three essential tools: the Visa Infinite Debit Card, dynamic multi-currency accounts, and yachting-specific accounting software. Together, they offer a seamless, efficient way to manage onboard expenses.

The Visa Infinite Debit Card provides crew members with quick access to the funds they need, while account holders maintain complete control and can track spending instantly. Starboard Card accounts are designed specifically for the yachting industry. They offer e-money accounts in GBP, EUR, and USD, along with access to major payment networks such as SWIFT, SEPA, and Faster Payments, ensuring efficient and reliable international transactions.

Enhanced card, web, and mobile app functionalities are intuitively integrated into the service. Real-time accounting features allow users to monitor money transfers, manage virtual cards, generate detailed reports, approve quotes, and set up separate Advance Provisioning Allowances (APAs). Additional features, such as the ability to freeze or deactivate lost or stolen cards, flag suspicious transactions, and easily upload receipts, ensure both security and convenience. All offline updates will be automatically synchronized once back in network range.

The APA Management System streamlines the process of creating reports and budget outlines for a variety of scenarios, such as end-of-charter reconciliations, upcoming refits, or new-build projects. The data can also be exported in a range of formats for easy sharing.

Starboard Card’s global support team is available around the clock, offering a personalized experience with each interaction. Every client is assigned a dedicated relationship manager specializing in yacht accounting, providing a tailored service and regular check-ins to ensure continuous improvement and alignment with client needs.

Find out more at StarboardCard.com

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