Case Study: VAE Distributions scales global purchasing and cuts USD card spend with Loop Financial

How VAE Distributions Scaled Its Global Purchasing Workflow With One Banking Partner

VAE Distributions, a Canadian Amazon operator specializing in name-brand consumer goods, faced significant bottlenecks in its global supply chain due to its traditional banking partners. The challenges included heavy fees on USD transactions, a lack of credit recognition, and fragmented tools for managing cross-border payments. To overcome this, they partnered with Loop Financial for a more suitable financial solution.

Loop Financial provided a unified platform with multicurrency accounts, a global credit card, and integrated foreign exchange services. This solution enabled VAE to streamline its purchasing workflow, resulting in a 3% savings on USD card spend and receiving credit approval within 24 hours of onboarding. The partnership with Loop eliminated administrative friction, allowing the company to focus more on sourcing and scaling its operations.

VAE Distributions

Stefan

Co-Founder and Purchasing Lead