Background

Inolex is an independent, global specialty ingredients company focused on providing safe and effective beauty care options for brands around the world. Celebrating 125 years of technology, innovation and excellence, with a clear plan for continued growth in alternative, natural and green chemistry. At the forefront of design and development of novel technologies, Inolex actively meets the changing demands of the cosmetic industry, combining a deep understanding of lifestyle trends with expertise in green chemistry and formulation.

Challenge

Inolex received high FX rates when using their bank for international payments. Additionally, the company required a single platform that allowed them to see all payments history in one place.

Solution

TransferMate’s end-to-end payments technology solution eliminated the traditional interbank system, thereby ensuring payments reached their clients on time and the exact amount was received. Having one single portal to conduct transfers allows Inolex to easily see payment history.

Inolex saw immediate savings with their first transaction and now make savings of between $21k and $15k in FX fees per month.