Name: How Transak cut transfer costs by over 75% and streamlined treasury operations
Availability: InStock
Rating: 4.9 (127 reviews)
Author: Xflow

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How Transak cut transfer costs by over 75% and simplified global transfers with Xflow

From chasing banks and paying over the odds to smarter FX tools, instant compliance, and a payments partner they could genuinely rely on.

INR 1 Lakh+

Earned through FX AI Analyst

75%

Reduction in transaction costs

USD 600

Saved on banking charges

Transak is a leading Web3 payments infrastructure provider enabling users to buy and sell crypto across the globe. With operations spanning the US and India, Transak regularly transfers funds from its US entity to its India entity to manage payroll and treasury obligations. At $300,000-$500,000 per month and $6M annually, these transfers demand a payments partner that is cost-efficient, reliable, and proactive.

Industry

Web3 / Crypto Payments

Size

51-200 employees

Region

Global

Website

transak.com

Use case

Transak transfers funds regularly from its US entity to its India entity for payroll and treasury management. With monthly volumes ranging from $300,000-$500,000, even marginal improvements in transaction costs translate into significant savings at scale. The firm needed a platform that could handle high-volume intercompany transfers reliably, with transparent pricing, instant compliance documentation, and proactive support to ensure salaries are credited on time.

Problem summary

Before Xflow, Transak routed its transfer pricing payments through a traditional banking partner. The cost was significant with a steep margin on every transaction, compounded by additional per-transaction banking fees that added up considerably at scale.

The compliance documents also presented their own challenges. FIRA copies had to be requested from the bank, required follow-up, and were not available on demand, which was a recurring inconvenience given that FIRA is a document auditors require without exception. The overall process was manual and entirely bank-dependent, leaving the finance team with little flexibility to act on rate movements or plan treasury operations on their own terms.

Why Xflow

For Transak, the rate benefit was clear from the start. Transaction fees dropped by over 75% compared to what they were paying their banking partner, and the additional per-transaction banking charges that had been quietly adding up were reduced significantly as well. At the volumes Transak operates, that kind of reduction makes a meaningful difference to the bottom line.

Beyond the savings, the FX AI Analyst feature opened up a capability that traditional banking had never made accessible in any practical way. Transak tried it for the first time, locked in a favourable rate, and the results spoke for themselves. The limit order feature added to that, giving the finance team the ability to set a target rate and convert at better conversion rate than existing live Fx rate

Compliance, which had previously meant chasing the bank for FIRA copies, became entirely self-sufficient. FIRA is now generated automatically the moment an invoice is created with no requests, no waiting, and no follow-ups required. Automated invoice creation with pre-filled criteria made the whole process seamless from end to end.

What stood out as much as the product though, was the support. The Xflow team never waits to be contacted, instead they always reach out proactively, keeping the finance teams informed about anything that could impact settlement timelines, and make sure transactions are credited on time, every time. So for a team managing treasury across two geographies, this kind of reliability was hard to put a price on.

Results

Switching to Xflow changed how Transak's finance team operates day to day. The cost of moving money dropped significantly, the manual back-and-forth with banking partners is gone, and the team now has tools at their disposal that actually help them make better treasury decisions, not just process transactions.

What used to be a time-consuming, bank-dependent process is now something the team can manage entirely on their own terms. Transfers go through faster, FIRA is ready the moment it's needed, and features like forward rates and limit orders have added a layer of financial control that simply wasn't available before. The dependency is gone, and in its place is a platform and a team that the finance function can genuinely rely on.