Case Study: Good Labs Foundation streamlines global fiat spend with Reap Direct

Good Labs Foundation cuts payment platforms from 3 to 1 with Reap

The Good Labs Foundation, a non-profit supporting the GoodDollar protocol, faced challenges managing its global operational spending and cross-border payments while maintaining its treasury in stablecoins. This required multiple off-ramp providers, creating operational friction, high fees, and limited expense visibility. To address this, the organization turned to Reap and its Reap Direct service.

By implementing Reap's solution, Good Labs Foundation consolidated its business payments into a single unified workflow. This allowed the team to use its stablecoin treasury for fiat expenses. Reap provided built-in controls for approvals and spending limits, which reduced the number of payment platforms used from 2-3 down to 1. The finance team cut expense-related back-and-forth by an estimated 50% and shortened approval cycles from 2-3 days to about 1 day.

Good Labs Foundation