Case Study: Hircus accelerates international supplier payments with iBanFirst

Accelerating textile imports thanks to reliable international payments to suppliers

Hircus, a textile company specializing in high-quality cashmere, sources its raw materials from suppliers in Asia. Their challenge was ensuring reliable and timely payments to these suppliers, as delays from their traditional bank were limiting their supply chain. They needed a solution to accelerate international payments in USD to build trust and receive merchandise faster.

iBanFirst provided a platform for managing foreign-currency payments with ease and speed. The solution ensured funds reached suppliers' accounts within 24 hours, accelerating operations and building supplier trust. Additionally, iBanFirst's forward hedging contracts allowed Hircus to protect against currency volatility as their payment volumes grew, helping them guarantee their gross margins.

Hircus

Jean-Nicolas Payart

Co-Founder