Background: Automating Engineering at Scale

DraftAid is an AI-powered engineering software company on a mission to eliminate the bottleneck between 3D design and production. Its platform automatically generates production-ready drawings directly from CAD models, reducing a process that traditionally took engineers 20 minutes per part to just seconds.

As the company grew and supported increasingly complex engineering projects—including large-scale commercial developments—its team remained focused on helping customers move faster. But while DraftAid’s product was built for speed, its financial infrastructure was still reliant on traditional banking systems that struggled to keep pace with a modern, globally distributed business.

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Challenge: When Finance Became the Bottleneck

Before adopting Loop, DraftAid managed international payments and foreign exchange through traditional banking providers. This created two significant challenges: high FX costs and operational inefficiency.

Unfavorable exchange rates increased the cost of managing vendors and business operations across borders. At the same time, payment workflows remained heavily centralized, requiring manual coordination and creating approval bottlenecks as the company scaled.

Providing team members with payment authority often meant exposing critical banking controls, forcing leadership to choose between flexibility and oversight. As DraftAid expanded, these limitations introduced unnecessary friction into day-to-day operations and slowed the company’s ability to move at the speed its business demanded.

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Solution: Modernizing Payments and FX with Loop

DraftAid implemented Loop as its financial operating system to streamline global payments, improve currency conversion, and distribute spending authority safely across the organization.

The team began using Loop as its primary platform for foreign exchange, moving funds into Loop to access significantly more competitive conversion rates than those offered by traditional banks.

Loop’s corporate card infrastructure also enabled DraftAid to decentralize spending without sacrificing control. The company could issue cards with customized permissions, manage vendor payments more efficiently, and support employees traveling or operating internationally while maintaining full visibility into spending.

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"Loop has removed a key operational bottleneck on the finance side, allowing us to move faster and support scaling without needing to add process overhead". — The DraftAid Team

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Results: Faster Operations, Lower Costs, Greater Control

With Loop, DraftAid transformed financial operations from a source of friction into a strategic advantage. The company optimized FX management, keeping more capital within the business and reducing the hidden costs associated with international transactions.

The finance team eliminated centralized payment bottlenecks by empowering employees with controlled spending access, reducing administrative overhead while maintaining governance.

Operational speed improved dramatically, with tasks such as issuing cards and processing payments becoming significantly faster and more streamlined. DraftAid also gained the flexibility to support international vendors and global team members without adding complexity to its workflows.

As a result, DraftAid is now equipped with a finance stack that moves as fast as their CAD automation software, and even has plans to move its entire payment operations to Loop in the near future.

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