Global B2B payments leader sets new record with $65.8MM single transaction; expands technology offerings and leadership team 

NEW YORK, February 4, 2025 – Boost Payment Solutions, a global leader in B2B payments, today shared some of the company’s key business achievements and momentum metrics from the past twelve months, including handling more than $23 billion in total processing volume – a 91% increase over the previous year, and setting a new company record for largest single card transaction at $65.8 million.  The company also strengthened its market position by delivering innovative B2B payment solutions designed to help businesses enhance operational efficiency, optimize working capital and streamline their processes. Boost works with 64 of the Fortune 100 companies. 

“Our strategic execution is driving robust momentum across our business, fueled by technological innovations like Boost 100XB®, as well as our new collaboration with American Express,” said Dean M. Leavitt, Founder and CEO of Boost Payment Solutions. “As digital payment transformations accelerate in 2025, we remain committed to delivering innovative solutions that empower our customers and partners to thrive in this evolving landscape, while expanding our market presence and simplifying complex payment operations.” 

Some of Boost’s key highlights include: 

• Transaction Volume Growth – Boost processed over 8.8 million transactions in 2024 marking a 148% increase compared to 2023. The company also realized a 91% YoY increase in total processing volume. This growth further demonstrates the continued confidence and dependence businesses have on Boost’s reliable and secure payment infrastructure.  

• Technology Advancements – In September, Boost launched Boost 100XB, an industry first for enterprise-level businesses to simplify and streamline buyers' international transactions. The solution allows the use of existing U.S.-issued commercial cards to pay suppliers in over 180 countries worldwide. Boost 100XB also empowers financial institutions and program managers who issue commercial cards on U.S.-based banking identification numbers (BIN) to expand the reach of those programs into cost-effective, fast and secure cross-border payments, delivering added value to new and existing card customers. 

• Executive Appointments – Rinku Sharma, an industry veteran from Amazon and RBC Capital Markets, was named Chief Technology Officer (CTO). Sharma succeeds Rick Kenneally following his retirement in December 2024. Illya Shell, former Boost Chief of Staff has been named Chief Operating Officer (COO). In this role, he will oversee the daily operations and client management of the company. Shell replaces Gordon Elliot who retired in June after 7 years with the company as COO. Sam Silver has been named the new Boost Chief of Staff. Silver previously served as Product Lead for Goldman Sach’s General Motors Co-Branded Credit Card. 

• Strategic Collaboration – In October, Boost announced a new collaboration with American Express, providing commercial virtual Card processing services to U.S. merchants who accept American Express. Qualified American Express merchants now have access to Boost Intercept®, the company’s patented Straight-Through Processing (STP) solution, at no additional cost. This collaboration enables suppliers to streamline acceptance of American Express virtual Cards, helping to minimize the challenges associated with manual processing of virtual Cards. 

• Awards and Recognition – In 2024, Boost was named one of the Great Places to Work for the third consecutive year and to the Inc. 5000 2024 list for the fifth time since 2019. Boost was also presented with four Stevie American Business awards including two golds for Company of the Year – Financial Service and Achievement in Finance and Boost CEO, Dean Leavitt, was awarded gold for Best Entrepreneur for Financial Services.  The company also received a bronze Stevie for Most Innovative Company of the Year - Up to 100 Employees for the second year in a row. Boost was also selected by the Business Intelligence Group for the BIG Business Most Innovative Product and Big Innovation Award. Additional notable recognitions include being named to the Financial Technology Report for the Top 100 Financial Technology Companies and for our founder/CEO, Dean M. Leavitt being named to the Top 50 Financial Technology CEOs.  In addition, Javelin Strategy & Research Research’s Commercial ePayables Scorecard named Boost an Overall Leader and Leader in Cross-Border.  

About Boost    

Boost Payment Solutions is the global leader in B2B payments with a technology platform that is purpose-built to meet the complex demands of today's commercial trading partners. Our proprietary technology solutions bridge the needs of buyers and suppliers around the world, eliminating friction and delivering process efficiency, payment security, data insights and revenue optimization. Boost was founded in 2009 and operates in 180+ countries. 

Please visit us at http://www.boostb2b.com