Case Study: Flexport unlocks more client financing and higher credit limits with Plaid

With Plaid, Flexport uses financial insights to finance more of clients’ inventory and logistics costs

Flexport, a fast-growing supply chain and logistics platform, needed more timely, reliable financial information to meet clients’ full financing needs for inventory and logistics. Flexport partnered with Plaid to replace slow manual bank statement uploads with user-permissioned access to bank account balances and up to 24 months of transaction history.

With Plaid, Flexport implemented real-time financial monitoring that lets its credit team track cash flow, perform more frequent covenant checks, and extend credit more confidently while reducing borrower reporting burden. As a result, Flexport clients who connect via Plaid have 32% higher average credit limits, enjoy annual interest rates 0.4% lower on average, and represent 60% of Flexport’s portfolio balance.

Flexport

Justin Sherlock

Head of Flexport Capital