Case Study: CrowdFarming Pays Farmers 89% Faster with Stripe

CrowdFarming pays farmers 89% faster with Stripe

CrowdFarming, a platform connecting farmers directly with consumers, faced the challenge of slow payments within the traditional food supply chain, where farmers could wait up to 120 days to be paid. To grow internationally and pay its farmers faster, CrowdFarming turned to vendor Stripe and its payment solutions.

By implementing Stripe Connect and Stripe Billing, Stripe provided a solution that manages financial compliance and facilitates direct payouts. This allowed CrowdFarming to offer farmers payments in 14 days, which is 89% faster than before. The solution also reduced customer acquisition costs by 8% in key markets and enabled the rapid launch of a new subscription service.

CrowdFarming