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Industry & Location: Training for actors and directors in Lithuania and Poland.
Benefits: TransferGo beat the banks and helped Directors Lab focus on delivering exceptional training.
“TransferGo has been crucial for Directors Lab. Its business money transfers are timely and transparent; I was able to focus on providing high-quality training while sending cost-effective payments to lecturers. All without the hassle of high costs and hidden fees!” Irma, Founder of Directors Lab
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About Directors Lab
Directors Lab is a distinguished training course provider for actors and directors. Founded by Irma in 2018, the company has carved a niche by bringing unique acting techniques from the US to Europe.
Directors Lab collaborates with trainers from around the world to deliver exceptional training programs. This case study explores the journey of Directors Lab, its challenges with remittances, and how TransferGo has transformed its financial operations.
Challenges
Summary: High fees, lack of control, zero transparency
Initially, Irma used the traditional banking group, Swedbank, for international transfers. The process was costly and lacked transparency, especially when sending payments to the US. The high fees she had to pay and also the unpredictable charges imposed on her trainers led her to seek alternative options.
Solution
Irma discovered TransferGo through a recommendation from her husband. The setup was quick and seamless. TransferGo provided her with a sense of control over her transactions, ensuring that payments were fast and fees were clear and affordable. This enabled her to make multiple transfers to lecturers who preferred receiving payments in installments (a practice that was previously too expensive).
Results
TransferGo met all of Irma’s needs effectively. It was much faster and cheaper compared to traditional banking. Her lecturers were pleasantly surprised by the speed of the transfers. One lecturer was so satisfied that he began recommending TransferGo to other organisers. The cost savings and efficiency were significant.
Irma finds TransferGo to be a straightforward and user-friendly product. She’s recommended it to other businesses and continues to be an advocate due to the excellent pricing and service. One of her lecturers noted that Wise, a competitor, had increased their prices, making TransferGo a more attractive option.
Irma has tentative plans to expand Directors Lab into more cities in Poland and the Baltic region. Despite the growth, she’s confident that TransferGo will continue to meet her needs, particularly for transfers to the US, UK, and non-EURO EU countries. The reliable service, competitive pricing and fee transparency are crucial for her business operations.
Directors Lab’s experience with TransferGo highlights the importance of reliable and affordable remittance services for small businesses. TransferGo has enabled Irma to focus on delivering high-quality training without worrying about the complexities and costs of international payments. As Directors Lab looks to the future, TransferGo remains a vital partner in its growth journey.
Ready to discover TransferGo Business? Our online platform provides a fast and simple way to pay international suppliers and transfer money abroad with competitive rates. Sign up today and discover more customer stories here.
