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Future of Fintech
iPeakoin simplifies payment integration for service providers
Alex founded his company in 2017, which focuses on providing an influencer marketing platform for global brands to contact global influencers in an efficient way. So far, Alex and his team have developed more than 1 million creators from 150 countries and 30 languages and have served over 30,000 brands globally.
 
CHALLENGE
With the increasing number of customers and influencers around the world, Alex's team have to open multi-currency business accounts for making and receving payments. While the cumbersome offline processes with plenty of materials and long-time waiting, as well as the high fees for receiving and making payments resulted in inefficiency and high business costs.
To pay influencers was another difficulty that has troubled Alex and his team. They used to pay influencers respectively and had to submit their information for each payment. Alex and his team have suffered duplication of efforts and inefficient reconciliation.
Therefore, Alex and his team were eager to find a payment technology partner with innovative products and straightforward integrations to help them simplify the processes of paying creators globally in different currencies.
 
Their main considerations included:
  • A fintech eables online application for multi-currency accounts and expense management
  • A customer-centric approach to payments that would address the needs of different clients and business types
  • User friendly and simplified interface, allowing management of both payins and payouts
  • Secure payment technology to reduce and elimininate the scope of PCI DSS
  • Business intelligence tools to provide actionable insights and improve efficiency for back-office operations
  • Robust reconciliation, accounting, and reporting capabilities
 
Solution provided by iPeakoin
First, iPeakoin's Global account made it efficient for Alex to manage all his business accounts, payins and payouts on one single dashboard. Regarding expense management, Quantum Virtual Card provides an intelligent solution with its powerful features including unlimited users and cards, extensive coverage, and smart reconciliation.
Moreover, iPeakoin's API makes payment integration simple, secure and straightforward, enabling Alex and his team to deliver fast and secure domestic & cross-border payments in bulk and automate their payments to pay global influencers on time, in the recipients' preferred currency.
With full visibility into their accounts, Alex and his team are able to review their transactions and generate financial statements at anytime and anywhere.
 
As businesses keep growing, a competent and right financial solution will definitely become another factor that drives companies to go forward.
 
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For more details, or just want to say hi, feel free to send us a note at marketing@ipeakoin.com or https://t.me/ipeakoin (Telegram).
iPeakoin, a fintech company that builds an institution-grade global cash management platform, is committed to bridging the gap between traditional finance and crypto, and to providing a one-stop shop for diversified and globalized cash management with technology.