Boagent

What Boagent does

Boagent (EGAR Global Inc.) is a privately held software company founded in 2023 that provides AI-powered back office automation for hedge funds and asset managers. The company is headquartered in Wilmington, Delaware with operational presence in Jersey City (New York office), Miami, and Tel Aviv-Yafa, Israel, and operates with 18 employees. The platform targets the reconciliation, NAV calculation, and regulatory reporting workflows that consume 60-95% of operations team time at buy-side firms, replacing spreadsheet-driven processes with four integrated modules (Connect, Data Prep, Reconcile, Report) and three specialized AI agents (Analyst Assistant, Management Assistant, Exception Resolution Agent).

The platform's underlying technology combines multiple matching techniques within a single engine: deterministic rule-based matching on identifiers like CUSIP and trade date, fuzzy matching for counterparty name variations, ML-powered matching that learns from historical matches and user corrections, graph-based matching for many-to-many relationships via algorithms such as the Hungarian method, and an LLM-driven agentic reconciliation layer that iteratively attempts matches with explainability. The system supports native integrations to sFTP, REST APIs, SWIFT MT messages, FIX Protocol, PostgreSQL, SQL Server, Oracle, and Snowflake, with read-only connections and permission-aware AI that respects existing data permissions. The company is SOC 2 Type II certified, operates in client-isolated containers, and is a member of the SWIFT Partner network.

Boagent sells primarily through a sales-led motion with a 'Request a demo' funnel and role-tailored demonstrations for COOs, CIOs, and analysts. Revenue is generated via annual SaaS subscriptions with tiered plans (Standard, Cloud Pro with separately negotiated SLAs, and Enterprise/multi-year contracts) plus usage-based overages on seats, process runs, storage, and connectors. Pricing is not publicly disclosed and is quote-based for enterprise customers. Paddle.com Market Limited serves as the merchant of record for payment processing. The company is funded by revenue and angel investment and has explicitly declined venture capital funding to date. The advisory and board bench includes former senior executives from IBM Global Financial Services, Northern Trust (CTO), JP Morgan Treasury Services (Global CIO), McKinsey, and the founder of the International Securities Exchange (now NASDAQ ISE).

Name

Boagent

Legal name

EGAR Global Inc.

Website

https://boagent.co

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Boagent provides AI-powered back office automation for hedge funds and asset managers, with a unified platform for data integration, reconciliation, and regulatory reporting that combines rule-based, ML, and LLM matching to reduce manual reconciliation time.

Ownership category

akta.pro rank

Product category

AI-Powered Back Office Automation for Hedge Funds

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH)

akta.pro secondary industries

Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK), Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH), Financial Planning & Analysis Support (Budgeting, Forecasting, Management Reporting) (BPAAAGAJ)

Keywords

• Ai reconciliation platform
• Hedge fund operations
• Back office automation
• Nav reconciliation software
• Asset management compliance

Headquarters

HQ city

Jersey City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription Plans: SaaS subscription with tiered plans (Cloud Pro, Enterprise) featuring usage-based metrics for Seats, Process Runs, Cloud Storage, and third-party connectors. Annual subscription terms with automatic renewal. 30 days' notice for non-renewal.
2. Usage-Based Overage Fees: Usage-based overages when customers exceed Seats, Process Runs, Storage, or Connector limits. Billed at then-current rates or automatic plan upgrade.
3. Free Trials and Promotional Credits: Trial-to-paid conversion model. Trials automatically convert to paid plans at trial end unless cancelled. Unused credits expire per stated promotion terms.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Boagent provides an AI-powered back office automation platform for hedge funds and asset managers, automating data preparation, reconciliation, exception resolution, and reporting. The platform combines rule-based, fuzzy, machine-learning, graph-based, and LLM-driven matching on a self-managing database, delivered as a SaaS subscription with native integrations to custodians, prime brokers, administrators, and internal systems via sFTP, REST API, SWIFT, FIX, and major databases.

Product overview

Boagent is a unified AI-powered back office automation platform for hedge funds and asset managers. The platform consists of four interconnected modules (Connect, Data Prep, Reconcile, Report) that handle data integration, transformation, matching, and reporting workflows. Three specialized AI agents (Analyst Assistant, Management Assistant, Exception Resolution Agent) augment human capabilities with context-aware AI that understands positions, counterparties, and historical patterns. The platform is designed for hedge fund operations including custodian-prime reconciliation, corporate actions, pricing curves, FX exposure, dividend income, fee reconciliation, collateral movement, security master data, and regulatory reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Connect Data integration module providing secure, read-only access to custodians, prime brokers, administrators, and internal systems. Supports sFTP, REST API, SWIFT, FIX Protocol, PostgreSQL, SQL Server, Oracle, and Snowflake connections.
• Data Prep Data transformation module that normalizes formats, merges sources, and builds reusable workflows. Enables joining data without SQL, standardizing dates/currencies/identifiers, and scheduling deterministic data processes.
• Reconcile Automated matching and exception management module combining rule-based matching, fuzzy matching, and machine learning. Surfaces breaks instantly with AI assistance for resolution and full audit trail.
• Report Report generation module for investor reports, regulatory filings, and operational analytics from reconciled data. Supports natural language queries, multiple formats (PDF, Excel, JSON/XML/CSV), and automated delivery via email, SFTP, or investor portal.
• Analyst Assistant AI-powered assistant providing always-available subject matter expertise for operations teams. Accelerates workflows with secure data access, investigates breaks, traces trades through unstructured data, and answers cross-department queries.
• Management Assistant Executive-level visibility AI assistant for operations leaders. Provides meeting prep, reconciliation health monitoring, operational trend analysis, and strategic questioning backed by real-time operational data.
• Exception Resolution Agent AI agent that accelerates break investigation from hours to seconds. Provides root cause analysis, resolution suggestions, and pattern detection to prevent future exceptions.

Quantifiable outcome

• 60-95% reduction in manual reconciliation time
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• SWIFTcoreTechnology or IntegrationSWIFT Partner network membership providing native support for MT message formats including settlements, corporate actions, and securities messaging. Enables integration with SWIFT infrastructure for financial messaging.
• Paddle (Paddle.com Market Limited)coreTechnology or IntegrationPaddle serves as Merchant of Record, processing payments, collecting taxes, and issuing invoices. Payment information handled by Paddle under its terms; Boagent does not store full card numbers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• HighRadius: HighRadius is an AI-powered order-to-cash, treasury, and reconciliation SaaS platform serving mid-market and enterprise finance teams. It is an emerging player in autonomous finance, with overlapping reconciliation and exception-management capabilities.
• Trovata: Trovata is an open-banking treasury and cash management platform automating bank connectivity, cash positioning, and forecasting for corporate treasuries. It is an emerging player in adjacent treasury workflows where Boagent also operates (collateral, cash, fees).

Direct peers

• Adenza (Nasdaq/Genesis): Adenza (formerly known as Calypso and AxiomSL under Thasos) provides reconciliation, regulatory reporting, and risk platforms to banks and asset managers. It is a direct peer in financial close automation and reconciliation workflows serving buy-side and sell-side clients.
• SmartStream Technologies: SmartStream is a long-standing specialist in financial transaction reconciliation, cash and securities matching for banks and buy-side firms. It directly competes with Boagent in hedge-fund reconciliation, with overlapping use cases in breaks management and exception handling.
• BlackLine: BlackLine is a public SaaS leader in financial close, account reconciliation, and intercompany accounting automation. It is a direct peer in rule-based and AI-assisted reconciliation, serving similar enterprise finance and accounting teams.
• Cadence by SS&C: Cadence (formerly Eze Software) delivers reconciliation, NAV oversight, and post-trade processing for hedge funds and asset managers. It is a direct competitor in automating back-office operations and exception management for the same buyer persona.

Broad incumbents

• SS&C Advent Geneva: SS&C's Advent Geneva is an integrated investment accounting and reconciliation platform widely deployed at hedge funds and asset managers. It is a broad incumbent in fund back-office automation and competes head-to-head with Boagent's reconciliation module.
• FIS Reconciliation Suite: FIS offers reconciliation, treasury, and capital markets technology used by large banks and asset managers. It is a broad incumbent with overlapping reconciliation capabilities, but its portfolio extends well beyond Boagent's hedge-fund back-office focus.
• Broadridge Operations Platform: Broadridge provides post-trade, reconciliation, and regulatory reporting solutions for asset managers and broker-dealers. It is a broad incumbent with overlapping capabilities in fund operations and exception management.
• BlackRock Aladdin: Aladdin is BlackRock's enterprise investment operations platform covering accounting, reconciliation, risk, and reporting. It is a broad incumbent widely benchmarked by large asset managers evaluating back-office technology alongside Boagent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/boagent

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boagent