Case Study: ElementIQ gains fast access to credit and saves on USD spend with Loop Financial

ElementIQ Leverages Loop for Streamlined Card Spending and Accessible Credit

Loop Financial helped ElementIQ, a Canadian performance marketing agency, overcome significant financial obstacles with their traditional bank. Despite a decade-long banking history, the agency was repeatedly denied access to a business credit card and was paying high foreign transaction fees on its US-based software expenses, which were harming its profitability.

By implementing its corporate credit card and banking platform, Loop provided a solution tailored to ElementIQ's needs. The vendor approved a card with a usable limit within 24 hours and issued a USD card with no foreign transaction fees. This rapid access to credit and the immediate 3% savings on foreign spend delivered a direct positive impact on the agency's bottom line and streamlined its financial operations.

ElementIQ

Samuel Araki

CEO/Founder