Jaapi is an e-commerce platform that makes it easy for global companies to provide branded merchandise to their employees entirely on demand, with local production worldwide.A year or so into the company’s journey, it became clear that traditional banking was not suited to their international operations.
“We do almost everything on-demand, and because we have customers worldwide, we receive payments in different currencies. For example, some payments came in dollars, but we paid from our SEK account. This meant high exchange fees, and it really impacted our margins,” says Jaapi’s founder Karim Parto.
Without a flexible solution for international payments, it quickly became both expensive and time-consuming, while gaining a clear overview of finances was difficult. The company also struggled to manage ad costs efficiently.
“We also had a lot of administration around invoices and receipts, especially for Google Ads and other platforms. Every payment required logging in and manually downloading receipts, which took an enormous amount of time,” Karim continues.
With Juni, Jaapi gained access to a modern platform that solved many of their previous problems. Juni’s multi-currency accounts became a crucial piece and have significantly eased their international operations.
“It’s incredibly valuable to have Juni. We now have accounts in USD, EUR, GBP, and SEK, and can receive and make payments directly in the correct currency, without costly exchange fees. With several thousand transactions going through the accounts, we save an enormous amount of money,” says Karim.
Juni’s virtual cards, linked to different suppliers and purposes, make it easy to track costs.
“We can create a card for each supplier or type of expense. This card is used for Supplier X in one currency, this card for Google Ads in another. Everything is consolidated, and it’s extremely convenient,” says Karim.
“Since switching to Juni, the difference is so significant that anyone would notice it in their finances. It’s a no-brainer: if you’re with a traditional bank paying transaction and currency exchange fees, there’s absolutely no reason not to switch to someone like Juni. If you have both revenues and expenses in other currencies, it’s a no-brainer,” he continues.
Jaapi has also discovered advantages with Juni’s other products, particularly cashback and invoice credit.
“Previously, we didn’t have anything like this. Just by using the cards, we now receive significant cashback, money that we can immediately reinvest in growth,” says Karim, adding:
“We also have an invoice credit with Juni. It acts as extra security if we get a very large client order or experience a tougher period. The best part is that it costs nothing as long as we don’t use it.”
Thanks to Juni’s automation and integrations, companies can save a lot of time by avoiding manual tasks. This has been a major advantage for Jaapi, who also appreciate the platform’s continuous development.
“It’s also very helpful with Juni’s automation. Since we use Google Ads extensively, invoices are fetched automatically and linked to our costs, instead of me having to manually download them. Additionally, the integration with Fortnox makes accounting much easier,” says Karim, continuing:
“I also appreciate that it’s possible to pay invoices in bulk, something that recently became available again. Juni continually improves the platform with new features, which makes a real difference for us – we really value that.”
Jaapi now has full control over its finances and a partner that enables scalable growth. The company continues to expand internationally, with a particular focus on the USA and Europe, and sees Juni as a natural part of their journey forward.
“Juni is the perfect partner for our international expansion. Everything is simple, seamless, and saves both time and money. We can focus on growth without getting stuck in administration or currency issues. Honestly, I don’t know what I would have done without Juni – it would have been really tough,” concludes Karim Parto.
Jaapi was founded in 2022 and has grown rapidly since. They offer on-demand corporate merchandise globally, with customers and suppliers around the world.
Through smart digital solutions, they simplify B2B e-commerce and deliver customised products quickly and efficiently. Companies no longer need to purchase large merchandise stocks; items are ordered individually for each employee, wherever they are located.
Modern banking. Real-time control. Juni provides business banking, spend management, accounting and financing, on one powerful platform and app.
We minimise complexity so you can maximise growth. Gain complete control over business finances, put an end to manual processes, and even lower your running costs - all in one place.
With customers and suppliers all over the world, Jaapi, a global e-commerce platform selling on-demand branded merchandise, struggled with high currency exchange fees, messy payment flows, and difficulty keeping track of its finances. With Juni, they gained multi-currency accounts, virtual cards, and cashback that save both time and money, giving them full control over their finances.
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