Case Study: Wood and Hearts Inc achieves rapid recovery and growth with Payoneer Working Capital

Wood and Hearts Inc - Customer Case Study

Wood and Hearts Inc, founded by Denys Shkribliak in Ukraine, grew from an Etsy seller into a global business selling Montessori-inspired wooden furniture for children in 60 countries. When the war in Ukraine destroyed most of its Kyiv manufacturing sites in 2022, the company lost much of its sales volume overnight and needed fast support to survive. Payoneer and its Working Capital service helped Wood and Hearts Inc rebuild and keep operating.

Since June 2022, Payoneer provided Working Capital to help Wood and Hearts Inc restore manufacturing in western Ukraine and open another site in Poland. With Payoneer’s support, the company regained its pre-war sales volume by November 2022 and increased it by another 50% the following month.

Wood and Hearts Inc

Denys Shkribliak

Owner & Founder