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iPeakoin enables manufacturers to expand business faster
Tim is a regional carton box manufacturer and supplier in Singapore, Malaysia, Indonesia and China. Established in 2018, they have acquired advanced machinery and technology to cater to the changing market demands. Their services extend beyond producing carton boxes, and are that of an integrated supplier giving solutions on design, trading of complimentary products and coordinating solutions for major clients.
 
The biggest challenge Tim's company facing with is the high charging fees and unflexible transaction settlement following using an online store business platform, since the the company's cash flow can not cope with the high costs in a timely manner. And the fund processing is much more complex and bank fees can add up. Before, Tim and his partners relied on bank transfers with expensive processing fees. Therefore they didn't maximise revenue.
 
The hard work made the company want to make a change While iPeakoin sets fewer restrictions to open an account online, and there is no minimum balance and deposit as well as any hidden fees. After cooperating with iPeakoin and applying for an iPeakoin global account,Tim has changed its entire business model and moved away from the traditional collection model, allowing the company to increase revenue while improving the speed of its collections.
 
"It helps us to open and manage business bank accounts online, simplifying the banking business with digital technology. Supporting quick cross-border collections and payments, the iPeakoin Global Account empowers us in reducing the cost of fund flow and expanding global business. By using the iPeakoin global account, it also helps us grow profit and receive money faster and more conveniently, and also reduces workload, facilitating time and money with limited resources." Said Tim.
 
As a digital bank, iPeakoin has continuously developed innovative products to help enterprises to better manage their funds in a more reliable and efficient way.
"In the long term, we hope to become a leading FinTech that pushes forward the process of global banking business." Said Romy, the co-founder of iPeakoin.
 
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If you have any questions or feedback, or just want to say hi, send us a note at marketing@ipeakoin.com. We always love to chat.
As a neobank, iPeakoin builds a new generation of banking for all businesses to operate without borders and restrictions. We aim to create social value, serve the public good and drive sustainable growth for our customers.