How Data Loft cut 3-4% in FX costs and simplified cross border spending with Venn

Company: Data Loft

Interviewee: Jansen Sullivan, Founder

Location: Canada

About Data Loft

Data Loft works with retail and sports brands to organize, analyze, and activate large volumes of operational data. The company started as a one person operation and grew quickly as customer demand increased, particularly from the United States.

As founder, Jansen handled everything from product work to customer relationships. As soon as the team expanded, he also became responsible for issuing cards, managing expenses, and handling incoming USD payments. That setup worked early on, but it did not scale.

The Problem

Traditional tools could not keep up as the team grew

In the early days, Jansen relied on traditional providers and legacy financial apps to manage spending and payments. Simple tasks required calls, manual verification, and long wait times.

I was having a bad digital experience with other banking apps, always having to call in for things like wires. Venn was just a lot easier to use right off the hop. It made life very convenient.
- Jansen Sullivan, Founder of Data Loft

As the team grew, Jansen needed to issue cards, give people access to spend, and manage expenses without acting as a gatekeeper. At the same time, most of Data Loft’s customers paid in USD, which made foreign exchange a daily concern.

Converting funds and moving money between accounts added unnecessary cost and effort. Jansen also wanted his team to feel comfortable using tools and testing software without worrying about small expenses becoming friction points.

The Solution‍

A single platform that simplified cards, FX, and team spending

Jansen signed up for Venn the same day he decided to move away from his previous setup. Onboarding was fully online, and he was able to start using the platform immediately.

From the start, the experience felt simpler. Issuing cards, managing spend, and viewing activity in one place removed a large operational burden from a growing company. Foreign exchange became a clear advantage. With most customers paying in USD, Venn made it easy to receive funds, hold balances, and convert only when needed using competitive rates without extra steps.

Here is what changed once Data Loft switched to Venn:

• Fast online setup without calls or paperwork
• Easy USD payments from U.S. customers
• Quick currency conversions at lower FX costs
• Expense cards that give the team flexibility
• Clear dashboards that show spend and balances in real time

Why Venn

A product built for modern teams that need less friction in their financial operations

For Data Loft, Venn removed the constant interruptions that came with managing financial operations manually. Before switching, Jansen had to step in whenever someone needed a card or access to spend, which slowed the team down as they grew.

With Venn, issuing cards and managing expenses takes minutes instead of back and forth. The team can use tools and manage day to day spending without creating extra work for the founder. At the same time, Jansen keeps clear visibility into activity without relying on multiple systems. Handling USD payments also became simpler. Since most customers pay in USD, being able to receive funds, view balances, and convert when needed inside one platform removed ongoing friction from cash management.

“It’s super easy to manage. It’s really easy to get cards. The dashboards are really easy to use. The service is fantastic.”
- Jansen Sullivan, Founder of Data Loft

Who Venn is for

Canadian teams running cross border operations without a finance team

Venn works best for Canadian companies that earn revenue in multiple currencies and need a simple way to manage payments, cards, and expenses as they grow. This includes businesses with U.S. customers, international vendors, or small teams that need access to spend without constant approvals.

For companies like Data Loft, financial operations cannot depend on one person handling every task. Issuing cards, managing USD revenue, and keeping track of spending need to work without adding overhead or delays. Venn fits teams that want to reduce manual work, avoid unnecessary FX costs, and give employees the ability to operate independently while keeping visibility centralized. It replaces fragmented tools with a single system that supports day to day operations as the business scales.

For Data Loft, that meant fewer interruptions, lower currency conversion costs, and a setup that no longer slowed the team down as it grew.

Join the companies that use Venn to manage team spending, reduce costs, and operate with confidence. Try Venn today!