Vancouver-born Boast has named Alok Tyagi CEO for the next phase of the company’s growth.
Boast is a fast-growing fintech that helps businesses automate the cumbersome process of preparing and financing Research and Development (R&D) tax credit claims.
The new CEO has helped scale companies from low revenue to hundreds of millions of dollars, with several successful exits.
Tyagi brings deep product and technology experience from leadership at several prominent enterprise SaaS companies including DealerSocket, RealPage, Oracle, Peoplesoft, JD Edwards, and Sage. Alok has served in diverse roles including Chief Product & Technology Officer, General Manager, Partner, and Advisor.
Co-founders Alex Popa and Lloyed Lobo started Boast to disrupt the traditional model of R&D tax credits by using technology to accelerate and automate the process.
“Boast has built a vibrant business that is highly successful,” said Alok Tyagi, Boast CEO. “Helping companies develop deep R&D intelligence and innovate more to grow fast is a passion of mine. Boast will provide our clients continuous innovation and strong value through using our products.”
In December 2020, Boast announced $30 million in Series A funding and then a $100 million credit facility in early 2021 to provide companies with advanced funding against accrued R&D tax credits.
Boast has experienced nearly 4x revenue and logo growth in the past 24 months—all while launching new products and maintaining its top reputation for claim compliance.
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