The Challenge
Asgardia was processing payments across twelve markets. Every wire transfer took between three and four days to settle. Their finance team spent two full days every month chasing reconciliation discrepancies across spreadsheets.
As the business grew, the problem got worse. More markets meant more corridors. More corridors meant more manual work. The team needed infrastructure that could keep up.
Why Asgardia Chose Solvent
Asgardia evaluated three providers before selecting Solvent. The decision came down to two things: the depth of local rail coverage and the speed of implementation.
Book a demo to see how Solvent handles multi-market payment flows.
The Evaluation Process
The finance team ran a structured evaluation over six weeks. They tested settlement times, reconciliation accuracy, and API reliability across their five highest-volume corridors.
Solvent cleared every test. The team was live within three days of signing.
The Results
Within thirty days of going live on Solvent, Asgardia had reduced their average payment processing time from four days to same-day. Reconciliation went from a two-day monthly exercise to an automated daily process.
What Changed on the Ground
The finance team no longer chases payments. Every transaction is matched automatically and exported to their ERP at the end of each day.
The operations team now has live visibility into every balance across every market. Nothing is hidden in a spreadsheet.
What’s Next
Asgardia is now expanding into four new markets using Solvent’s local rails. The same infrastructure that handles their existing corridors will support the new ones without any additional setup.
For more on how Solvent supports expansion into new markets, see our Payments product page.