Case Study: Xuno achieves instant cross-border money transfers with Sila's ACHNow

Xuno processes 20% of transactions through Sila’s ACHNow in 2 weeks

Xuno, an online platform for money transfers to Nepal, faced challenges with slow cross-border ACH transactions and high liquidity costs. These delays were not ideal for customers needing prompt service. To address this, Xuno partnered with vendor Sila and integrated its ACHNow service.

Sila's ACHNow solution provided instant settlement for transactions, reducing processing times from days to seconds. This significantly lowered Xuno's liquidity costs and minimized chargeback risks. The integration enabled Xuno to launch a "Send Now, Convert Later" feature, giving customers control over foreign exchange conversions. Within two weeks of launch, over 20% of Xuno's transactions were processed through ACHNow, with volume expected to rise to 50%.

Xuno