Case Study: Junip expands across the US and saves on banking fees with Loop Financial

How Junip expanded across the US with Loop

Junip, a Canadian-based Shopify app company, needed to accept US dollar revenue from its clients without losing thousands of dollars to high foreign exchange and processing fees. The traditional solution of establishing a US corporate entity was prohibitively expensive and complex. This challenge was solved by using the US Banking and Foreign Exchange services from Loop Financial.

Loop provided Junip with a US-based bank account within 24 hours, complete with local routing and account numbers. This allowed the company to receive US payments directly and avoid costly fees. As a result, Junip saves thousands of dollars annually in fees, can pay US vendors seamlessly, and accepted investment funds from US investors on the same day, all while streamlining its financial operations.

Junip

Stuart Arsenault

Chief Executive Officer