Flick, a regulated fintech company, facilitates data sharing and real-time global payments for businesses and individuals in order to connect Africa’s currently fragmented financial services ecosystem. As demand for their collections business has grown, they’ve faced the challenge of scaling their manual process to serve the growing user base. That’s where Portal came in.

Use Case: Simple pathways for cross-border collections

Flick leverages Portal's wallet-as-a-service platform to streamline its collections process for treasury operations. The process begins in Nigeria, where Naira is converted locally into USDC and held securely in a Portal wallet. From there, USDC can be sent to US-based customers and easily converted into USD fiat. Flick's process simplifies cross-border transactions, ensuring faster and more efficient payment collections while reducing reliance on traditional banking intermediaries.

The Problem: Manual Processes Holding Back Growth

As stablecoins like USDC and USDT gained traction globally, Flick’s customers requested stablecoin payment options for collections. At first, Flick had to manually generate wallet addresses and share them with customers. This approach was not only time-consuming but unsustainable. Flick needed an automated, secure, and scalable solution to serve their customers and maintain their competitive edge.

The Solution: Portal’s Embedded Wallets and Enclave MPC API

Portal’s platform proved to be the perfect fit for Flick. Portal allowed Flick to transition from its manual processes to a fully automated stablecoin treasury operation. Using Portal’s Enclave MPC API, Flick integrated stablecoin functionality directly into their backend, allowing them to:

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• Automate Stablecoin Payments: Flick can now receive and send payments without manual intervention.
• Support Multi-Chain Operations: With Portal, Flick’s implementation supports stablecoins across all chains, such as Polygon, Tron, and Ethereum, giving their customers the flexibility to choose their preferred chain.
• Enhance Customer Organization: Flick can use a single Portal wallet for payments, as well as assign dedicated wallets to individual business customers to improve account management.

The Impact

By using Portal's wallet-as-a-service platform, Flick is transforming the way businesses manage cross-border collections. With faster transactions, reduced friction, and secure digital asset handling, Flick allows businesses to operate more efficiently in the global marketplace.

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