Nimisha and Manav Dhanda
Co-founders, D’Moksha Homes, India“Payoneer remains an integral part of our growth journey.” Find out how Manav and Nimisha Dhanda launched their sustainable homeware brand on the cusp of India’s national lockdown — and still managed to thrive.
Challenge
Quickly move US earnings to India without incurring expensive fees.
Solution
Payoneer’s local receiving accounts and fast international payouts.
Result
D’Moksha grew fast and now employs more than 45 people.
When husband and wife duo Manav and Nimisha Dhanda planned to redecorate their home in 2018, they realized there was a gap in the market for ethical, sustainable homeware products.
They acted fast. Driven by their vision to create a globally beloved, earth-friendly home decor brand, they launched D’Moksha Homes in the US in 2020.
It was, they say, their attempt to disrupt the industry and make sustainable homeware affordable and available to all.
But during that first year of trading, D’Moksha faced significant challenges in moving its US earnings back to India. Traditional banking methods proved expensive and time-consuming, which negatively impacted cash flow.
But a solution had to be found. “Giving up was not an option,” says Manav.
“Time and again Payoneer has made efforts to help understand our pain points and contributed to our growth in several ways, including help us onboard newer marketplaces across geographies. Payoneer remains an integral part of our growth journey.”
As business began to grow, D’Moksha Homes needed a partner that could facilitate fast and low-fee international money transfers.
With local receiving account details in nine of the world’s biggest currencies, Payoneer gave D’Moksha Homes all the tools it needed to trade in the US and three more Western countries.
Having access to a Payoneer account quickly enabled D’Moksha Homes to expand its reach and fuel rapid growth in its global trading.
Payoneer’s approach as a brand partner, focused on creating opportunities for successful cross-border trading, was a key factor for founders Manav and Nimisha when choosing a payment platform.
“The biggest value add we’ve got from Payoneer is its commitment to help grow our business.”
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