How superjoin reduced FX costs by 60% on intercompany transfers
From hidden bank charges and unpredictable settlement timelines to full rate transparency, instant compliance, and payments that just work.
60%
Reduction in FX costs
Zero
Hidden charges
35%
Faster settlement timelines
Use case
Superjoin transfers funds regularly from its US entity to its India entity to manage operational and payroll needs. With a lean founding team handling both product and operations, the process of bringing money into India needed to be fast, transparent, fully compliant with Indian regulations, and as effortless as possible.
Problem summary
Before using Xflow, Superjoin relied on traditional banking channels to manage its intercompany transfers. The process was largely manual, involving relationship managers, back-and-forth coordination, and considerable time investment from the founding team. Fees were significant, and on top of the FX charges, hidden costs had a habit of showing up after the fact, making it difficult to know exactly how much would land in the bank until the transfer was complete.
Why Xflow
Superjoin was very clear about finding a platform that was fully compliant with Indian regulations, so when they discovered Xflow getting started was extremely straightforward. KYC was done in a couple of days, and from there, the difference was felt immediately. What had previously been a time-consuming, back-and-forth process was now as simple as raising an invoice and sending a wire to a virtual US account. Xflow handled everything behind the scenes, right from the orchestration, the compliance, the FIRA requirements, and the money arrived in the bank account without any intervention required.
Results
Superjoin's cross-border payment operations went from manual, costly, and stressful to something that required almost no manual effort. FX costs came down by over 60%, settlements arrived 30-35% faster, and the operational burden that had previously eaten into the founding team's time was gone. What used to take hours of coordination every month now took minutes, and the stress that came with it had disappeared entirely.
Impact on Superjoin's business
Reduction in FX costs
60% savings compared to traditional banking, with no hidden charges
35% faster settlements
Predictable, transparent timelines with real-time updates on WhatsApp and email
Instant FIRA access
Generated automatically on transfer completion, with no follow-up needed
Full compliance confidence
100% compliant with Indian regulations, built for a cross-border startup
“The price you see on their dashboard is the price you get in the bank. It's extremely simple to use, fully compliant, and after our KYC was done, it has been zero effort. You have removed all the complexities for us, and that's the sign of a great product.”
Vinayak Jhunjhunwala, Co-founder at Superjoin
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