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4 min read
How Kumo Labs cut supplier payments from four days to under a minute, without changing banks.
The old way
Kumo Labs buys parts from eleven suppliers around Jakarta. Every Friday the finance team sent wires from the US, and every Tuesday the suppliers called to ask where the money was.
Each wire cost around 45 dollars in fees, plus a weak exchange rate that nobody could see until the money arrived.
The switch
The team moved supplier payments to Florin in an afternoon. They uploaded their supplier list, confirmed bank details, and sent the first batch that evening.
Payments now land in rupiah in under a minute, at any hour. The fee is a flat 40 cents and the rate is shown before anyone presses send.
What changed for the team
Fewer calls, fewer spreadsheets and no Monday chasing. The suppliers noticed too. Two of them now offer Kumo Labs early payment discounts, which more than covers the cost of the switch.
