{"id":92834,"date":"2024-11-05T10:43:34","date_gmt":"2024-11-05T10:43:34","guid":{"rendered":"https:\/\/www.transfergo.com\/noviti-finance-case-study"},"modified":"2025-03-18T12:43:07","modified_gmt":"2025-03-18T12:43:07","slug":"noviti-finance-case-study","status":"publish","type":"post","link":"https:\/\/www.transfergo.com\/gb\/noviti-finance-case-study","title":{"rendered":"Noviti Finance Case Study"},"content":{"rendered":"\n

Industry & Location: <\/strong>Finance company based in Lithuania.<\/p>\n\n\n\n

Benefits: <\/strong>TransferGo reduced Noviti Finance’s currency conversion costs, saving the company thousands on international business payments.<\/p>\n\n\n\n

“We\u2019ve saved thousands of Euros on our transfers thanks to TransferGo\u2019s competitive rates. We highly appreciate the 24\/7 availability of TransferGo’s conversion and transfer services. At the same time, its dedicated customer support team has ensured that all of our business needs are met. We look forward to continuing the partnership.\u201d<\/em> Linas Armalys, Noviti Finance<\/strong><\/p>\n\n\n\n

Ready to discover business accounts built for companies like yours? Sign up to TransferGo Business<\/a> today.<\/p>\n\n\n\n

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About Noviti<\/strong> Finance<\/h3>\n\n\n\n

Noviti Finance<\/a> is a Lithuanian-based business financing company, which provides loans to businesses across Europe. In 2024, the company expanded its operations by opening a new office in Poland. <\/p>\n\n\n\n

Challenges<\/strong><\/h3>\n\n\n\n

Summary: High currency conversion costs<\/em><\/p>\n\n\n\n

Most of Noviti Finance\u2019s transfers are between his subsidiaries in Lithuania and Poland, which requires large amounts of currency exchanges from Euros to Polish Zloty and vice versa. Previously, Noviti Finance used Swedbank, one of the largest banks in the Baltics, for its currency exchange and salary payouts. While Noviti Finance was offered special rates for its large transactions, the costs were affecting its bottom line. This led to Noviti Finance seeking a more cost-effective solution.<\/p>\n\n\n\n

Solution<\/strong><\/h3>\n\n\n\n

A close contact recommended TransferGo to Linas based on the promise of better exchange rates and uncompromised reliability. TransferGo provided Noviti Finance with a more cost-effective way to handle its frequent currency conversions, making it an ideal fit for all of its business needs.<\/p>\n\n\n\n

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Results<\/strong><\/h3>\n\n\n\n

After switching to TransferGo, Noviti Finance began to save thousands on transfers, which significantly reduced its currency conversion costs. <\/p>\n\n\n\n

As well as better rates, Noviti Finance received personalised customer support throughout the onboarding process as well as ongoing account management. This ensured that Noviti Finance\u2019s unique business needs were being met\u2014something Noviti Finance couldn\u2019t get from a traditional bank. <\/p>\n\n\n\n

Significant savings:<\/strong> Noviti Finance\u2019s overall expenses reduced dramatically once switching to TransferGo.<\/p>\n\n\n\n

Tailored support: <\/strong>TransferGo\u2019s dedicated customer support team followed up on Noviti Finance\u2019s account, understanding the business thoroughly and ensuring a seamless service.<\/p>\n\n\n\n

Increased efficiency: <\/strong>Noviti Finance now takes full advantage of TransferGo\u2019s easy-to-use platform, which ensures smooth and efficient transactions from start to finish.<\/p>\n\n\n\n

Looking ahead, Noviti Finance can spot the potential to streamline its international financial operations further thanks to new TransferGo features like multi-currency accounts. The company anticipates these tools to significantly enhance its business efficiency. <\/p>\n\n\n\n

And if Noviti Finance wishes to further expand its operations, TransferGo will be able to support its growth with its safe, seamless and cost-effective money transfers.<\/p>\n\n\n\n

Ready to discover TransferGo Business<\/a>? Our online platform provides a fast and simple way to pay international suppliers and transfer money abroad with competitive rates. Sign up<\/a> today and discover more customer stories here<\/a>.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover how TransferGo cut Noviti Finances’s international payment costs, saving the Lithuanian finance company thousands of euros.<\/p>\n","protected":false},"author":7,"featured_media":92933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1498,1501],"tags":[],"business_case_studies_tags":[1588],"class_list":["post-92834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-case-studies","business_case_studies_tags-finance-2"],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/transfergo.com\/gb\/noviti-finance-case-study","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Noviti Finance Case Study","url":"http:\/\/www.transfergo.com\/gb\/noviti-finance-case-study","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.transfergo.com\/gb\/noviti-finance-case-study"},"thumbnailUrl":"https:\/\/www.transfergo.com\/wp-content\/uploads\/2024\/11\/1104_CaseStudy_Noviti-noop.png?resize=150,150","image":{"@type":"ImageObject","url":"https:\/\/www.transfergo.com\/wp-content\/uploads\/2024\/11\/1104_CaseStudy_Noviti-noop.png"},"articleSection":"Case studies","author":[{"@type":"Person","name":"Jennifer Tate"}],"creator":["Jennifer Tate"],"publisher":{"@type":"Organization","name":"TransferGo","logo":""},"keywords":[],"dateCreated":"2024-11-05T10:43:34Z","datePublished":"2024-11-05T10:43:34Z","dateModified":"2025-03-18T12:43:07Z"},"rendered":"