Case Study: Luno achieves $1.8M+ SaaS savings with Vendr

Luno gains visibility into its SaaS spend and renewals

Luno, a London-based digital wallet and cryptocurrency exchange serving over 10 million users, needed a better way to manage its growing SaaS procurement process. Although the company already had some stack visibility in place, its small purchasing team still faced challenges with contract review, renewals, and hidden spending across a roughly 150-tool software stack. Vendr was brought in to provide procurement support and help improve visibility and control.

Vendr worked with Luno to run a detailed financial review, capture all SaaS spend, and build a more automated renewal and intake workflow with legal and security checks built in. Using Vendr’s negotiation expertise and pricing data, Luno saved more than $200,000 in year one and $1.8 million over two years, while also consistently meeting its “90 days in advance” renewal standard and strengthening its third-party onboarding process.

Luno

Byron Cowie

Head of Reporting and Control