SAN FRANCISCO, April 22, 2015 /PRNewswire/ -- Karmic Labs, Inc., a Silicon Valley company pioneering innovative solution in the financial technology sectors is proud to announce the expansion of its first, flagship app – Dash ™ (www.getdash.io). Dash can save business owners and employees substantial time and money on expenses and other accounting related operations of day-to- day business, conveniently and in real-time from any mobile device. Customers can access expense management functionality at no cost.
With the Dash app, the workforce can say goodbye to the painful parts of expense management. An employee can request funds from their manager and receive money instantly. Business owners and managers can control a number of expense related matters with a simple swipe or click, including: spending allowances, real-time funds management and the ability to pause or suspend usage. Everything is controlled through a cloud–based infrastructure offered at zero cost to the customer.
"Dash has been running in beta successfully since November, 2014," said CEO and Co-Founder, Ryan Weidenmiller. "The initial beta program has changed the way some organizations operate. Organizations can control cash flow in a number of new ways while also significantly improving productivity, saving both time and money. Organizations no longer have to buy third-party expense management software that may take days to sync transactions," Weidenmiller continued. Proof positive the phase one beta includes a publicly listed company and businesses of all sizes.
"I can balance my books in no time. With Dash there are fewer errors. Dash makes my life easy!" said Serena X., financial controller and current Dash client.
Technically speaking, Karmic Labs, Inc. has built an API-based intelligent virtualization layer on top of existing payment processing systems. The system merges payments with card issuance services along with innovative Software-as-a-Service (SaaS) solutions, opening up the potential for innovative new solutions that can be built with the Karmic Labs APIs to manage a company or organization. One of the largest players in the financial technology sector is using Karmic Lab's APIs to create services for the financial industry.
"These APIs knock down traditional barriers to the payments industry and redefine existing applications. Additional SaaS API's tied to card services will continue to be rolled out in 2015," said Ryan Weidenmiller.
ABOUT Karmic Labs: Karmic Labs, Inc. is dedicated to creating payment and SaaS APIs that remove complexity from technology platforms. These APIs are for developers to leverage and build next generation payment and SaaS applications that save businesses time and increase productivity. Karmic Labs believes that business apps should transform business processes for maximum productivity and these apps should make daily business tasks effortless. Karmic Labs founding team includes early engineers from Pinterest, Netscape, Shutterfly, Google and they bring extensive experience from payments companies including American Express, Visa and FIS where they built and launched successful, global card programs. Based in San Francisco, California, Karmic Labs, Inc. is privately held and backed by institutional investors. For more information visit www.getdash.io or www.karmiclabs.com.