Case Study: State Cashmere reaches $4.5M global eCommerce sales with Payoneer

Key results

The challenge

State Cashmere is a US-based apparel brand selling internationally through eCommerce. Growing globally required accepting payments in multiple currencies and paying suppliers and VAT abroad while funding off-season inventory.

The solution

State Cashmere used Payoneer's Global Payments Service to accept multiple currencies, multi-currency balances to pay agencies and suppliers in local currencies, and the Capital Advance product for working capital.

The results, in context

With Payoneer's global payments platform, State Cashmere reported $4.5 million in global eCommerce sales in 2018 and projected $7.5 million in 2019. The company credits Payoneer with enabling it to react quickly in developing its eCommerce business.

Products used