Case Study: Joya consolidates finance operations and scales US expansion with Loop Financial

How Joya consolidated their finance stack on one platform

Joya, a startup, faced increasing complexity and high costs from using multiple services for its cross-border financial operations. The company urgently needed a US bank account for receiving revenue and processing payroll without prohibitive fees. They chose Loop Financial to help consolidate their finance stack and provide efficient US banking services.

Loop Financial provided Joya with a no-fee US bank account, which was opened within 24 hours, along with unlimited ACH transfers and competitive foreign exchange rates. This solution eliminated cross-border payment fees and drastically reduced FX conversion costs, allowing Joya to consolidate five different providers into one platform. The results included a 98% decrease in FX fees and the ability to aggressively expand their US operations with a simplified financial infrastructure.

Joya

Ruth Elnekave

Founder & CEO