Case Study: Spin pays contractors faster with Modern Treasury

Spin pays contractors faster with Modern Treasury

Spin, the micro-mobility company operating scooter-share services across multiple countries, needed a faster and more reliable way to pay independent contractors in its Flex Network. Using Modern Treasury Corp’s payments platform, Spin wanted to eliminate delays caused by routing payouts through a third party, improve tracking and reconciliation, and reduce manual work for contractor onboarding and payment operations.

With Modern Treasury Corp, Spin implemented direct payouts from its own bank account using products including Payments, Automatic Reconciliation, Counterparties, and Controls. The company went live in about three weeks, cut contractor payment time by 6 days, and now processes payouts in 44 cities. Spin also improved dispute resolution and reporting, and began automating payment operations to support faster, more transparent contractor payments.

Spin

Ashkan Mizani

Head of Flex Network