Case Study: Coinberry streamlines spend management and saves $10,000 a month with Float

The Ultimate Trade Coinberry Leaves Amex for Float Spend Management

Coinberry, a Canadian cryptocurrency trading platform, faced significant challenges with its corporate spending and expense management. The company lacked proper corporate cards, relying instead on a central bank account and a few shared AMEX cards, which resulted in poor visibility, no spending controls, and a cumbersome process for paying vendors, especially those requiring U.S. dollars. This inefficient system created administrative headaches and hampered their operational efficiency.

By implementing Float's spend management solution, Coinberry gained control and visibility. The platform provided customizable prepaid cards for employees and specific purposes, integrated with QuickBooks, and automated expense reporting. The results were substantial, saving the company approximately $10,000 monthly from better control and eliminating unwanted subscriptions. Float also saved the senior management team 5-10 hours per month on expense reports and ensured critical ad campaigns ran without interruption, directly supporting user acquisition.

Coinberry

Jerry Lin

Vice President of Finance