clipchamp-logo

Clipchamp empowered their fast-growing, global teams with Airwallex

How Clipchamp streamlined global team spend and payments with Airwallex to match their rapid pace of growth, while retaining full visibility and saving over $1,500 each month from unnecessary currency conversion fees.

Get started
clipchamp-hero

Clipchamp makes it easy to work with digital videos online - record, convert, compress, edit, upload and share.

Industry

Technology

Location

Australia, United States

Company Size

50 - 100

Airwallex Products Used

Cards
Get started

The challenge

Clipchamp offers a comprehensive video editing, recording, compression and conversion platform, with over 12 million users globally. Clipchamp needed a seamless, scalable and cost-effective way to manage their global cash flow and rapidly growing teams. The team had trialled another foreign currency solution but had quickly hit limitations. This frustration led them to Airwallex for a more scalable solution.

Single, physical card slowed their fast-growing team to make needed purchases to scale

As the Clipchamp team expanded globally, a single physical corporate card could not keep up. It was difficult to track who was spending and set the right card spend limits.

Bottlenecked global procurement and payment processes

The team only had a single account that could make the payment, and bottlenecking the process to one person. The team needed a smarter way to make approved payments fast, with the right permissions and access controls.

Rising SaaS subscription spend and cloud costs

As a technology company, cloud and SaaS subscriptions are significant expenses for Clipchamp. Despite being an Australia technology company, their technology spend was increasingly in USD. The team wanted to eliminate the additional unnecessary and expensive conversion fees on top of this.

The solution

Clipchamp empowered their global teams with virtual cards and the right access to view, book or approve international payments. This accelerated the team's ability to make important purchases or payments to scale.

The finance team now have real-time visibility of global expenses in a single place, synced directly with their Xero account. Setting up a new employee card, with the right spend controls and login access could now happen in minutes, not days.

On top of that, Clipchamp saves over $1,500 each month on their cloud and SaaS spend with 0% international card transaction fees.

Tobias Raub

Co-Founder

“Airwallex has unlocked a much more efficient way of managing our money that we couldn’t do before. Our previous provider could not scale the way we needed it to. Now, our team is freed up to tackle the more important work on how ClipChamp expands globally.”

About Clipchamp

Clipchamp offers a comprehensive video editing, recording, compression and conversion platform, with their product suite expanding as rapidly as their global following. Clipchamp has enjoyed explosive growth in the past year and has seen them triple their staff to keep up with their 12 million registered users. 

Alongside Clipchamp’s growth in revenues and teams, they needed a better way to manage payments, thus turning to Airwallex. Clipchamp found that the financial accessibility of Airwallex’s platform made them more flexible than traditional providers.

How Clipchamp streamlines global payments and team expenses with Airwallex

Empowered their fast-growing, global teams with employee virtual cards

With Airwallex’s Borderless employee virtual cards, the finance team could issue a dedicated virtual card for each new team member or expense in minutes. As these cards were multi-currency, the same card could be used for their US and Australia teams. Clipchamp now had a real-time view of their employee card spend and SaaS subscriptions. They could also set flexible limits for each card to keep their teams on budget.

Streamlined global procurement and payments process with the right levels of access extended to the team

The team now had dedicated roles with the right level of access to view, create and approve payments. This created a scalable, secure and fast process for their global team to request and approve payments.

Tristan Cheal

Financial Controller

“Airwallex’s website is transparent and easy to use. It’s allowed my team to self-serve and create what we need to suit our growing business and teams. Whether it’s logins or virtual card for a new employee, it’s easy to create and gives us the visibility and control we need.”

Saved $1,500 each month on USD cloud and SaaS spend, paid directly with USD revenues at no extra cost

With Airwallex US Global Accounts, the team could continue to collect their USD revenues and pay USD expenses directly with no additional conversion or transaction fees. With the ability to collect, hold and pay in 11 major currencies, the team is confident that Airwallex is a global business account that can scale alongside Clipchamp.

More stories from Airwallex customers

How Crockd took their eCommerce from zero to seven figures with Airwallex
How Dovetail regained control of team spend and reduced SaaS bills by 15%
How The Sheet Society saves over AUD$12,000 each month with Airwallex

See how our customers are finding Airwallex

Airwallex Testimony
“Airwallex provides us with flexibility and cost savings in dealing internationally. We used Airwallex to receive our recent global fundraising round and pay international suppliers and are saving at least 5% per dollar transferred versus the big banks.”
George van Dyck

Finance Manager, Zoomo

Airwallex Testimony
“Airwallex has been a game changer for us. I cannot recommend these guys enough. The forex services are super efficient and super competitive. The customer service is not gold-plated, it's solid gold. One of the best eCommerce services for merchants we have come across since Paypal hit the scene 20 years ago."
Murray Kester

CEO, Cosmetics Now

Airwallex Testimony
“Airwallex is our one-stop shop for all our banking needs, in one easy-to-use interface. Without Airwallex, we would not have been able to scale our business as fast as what we’ve been able to achieve.”
Andrew Ford and Rosa-Clare Willis

Co-founders, Crockd

Airwallex Testimony
“Having all our global SaaS subscriptions in one place has streamlined our finance processes and enabled better tracking and control of expenses. It’s even better knowing that Airwallex isn’t hitting us with any international transaction fees.”
Warren Durling

Chief Operating Officer, Dovetail

Airwallex Testimony
“Airwallex has made it really easy to pay our suppliers in any currency. We have not only saved $10,000 each month, but our suppliers now get their payments faster and in-full. We receive a notification once it’s dispatched, and it eliminates the worry factor of where our money is at. This is important for us to keep building a strong relationship with our suppliers.”
Danielle Goodwin

Director, Hawkeye Vintage

Get started

Watch a 3-minute demo

Enter your details below to watch the demo:
Loading...

We're not a bank, we're better.

Get started
Business Account
Global Accounts  
Expenses  New

© Airwallex 2022. All rights reserved. Sitemap

In Australia, our products and services are provided by Airwallex Pty Ltd ABN 37 609 653 312 who holds AFSL 487221. Any information provided on this website is for general information purposes only and does not take into account your objectives, financial situation or needs. You should consider the appropriateness of the information in light of your own objectives, financial situation or needs. Please read and consider the Product Disclosure Statement.

Cookies on the Airwallex website

We use cookies to give you a better experience on our website. If you continue without changing your settings, we’ll assume that you are happy to receive cookies. However, if you would like to, you can change your cookie settings at any time here

Find out more