MARKETPLACE
How Nexify Unified Global Payouts Across 70 Countries
The Challenge – Overcoming Payment Complexities
Payment process diagram before adopting Finech.
As a marketplace management platform, Nexify scaled rapidly across continents. However, supporting timely and accurate payouts to thousands of vendors presented major roadblocks:
Payout Delays: Cross-border settlement lag created vendor dissatisfaction and churn.
Currency Conversion Confusion: Sellers often faced losses due to poor FX rates or mismatched currencies.
Manual Vendor Verification: KYC/KYB processes were slow and inconsistent.
Limited Transparency: Vendors had minimal visibility into their earnings and timelines.
The Solution – How Finech Transformed Their Payments
Payment process diagram after adopting Finech.
Nexify implemented Finlink, a real-time global payout engine optimized for marketplace ecosystems:
Multi-Currency Payouts – Enabled payouts in 90+ currencies with transparent exchange rates.
Automated Vendor Onboarding – Integrated identity verification and compliance workflows.
Real-Time Vendor Dashboards – Offered sellers transparent earnings reports and payout schedules.
Intelligent Routing – Reduced payout fees by routing through low-cost banking corridors.
The Impact – Driving Growth & Expansion
Payment process diagram after adopting Finech.
Nexify’s integration with Finlink resulted in faster, more accurate payments to vendors worldwide. With FX transparency, vendor trust increased significantly, while automation reduced internal workload and enabled further expansion.
Key Results
99.9% Payout Accuracy
Finlink’s intelligent routing and currency handling reduced failed payouts, ensuring that nearly every vendor received their earnings on time, regardless of their location or payment method.80% Faster Vendor Onboarding
By integrating automated identity verification tools, Nexify cut the average vendor onboarding process from 5 days to just 1, allowing the company to scale supply-side operations quickly and efficiently.Reduced Fees by 40%
Cross-border transaction fees were drastically lowered by using optimized banking corridors and minimizing intermediary charges, directly improving Nexify’s margins and vendor satisfaction.Launched Vendor Programs in 70+ Countries
With localized payout infrastructure, Nexify successfully launched and supported vendor payout programs in over 70 countries, reaching new creators, freelancers, and sellers.
