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Developer tools · Series B
How Aurora Labs moved their entire ARR to stablecoins in six weeks.
Aurora replaced card billing in EU and LATAM with direct USDC settlement, cutting payout delay to zero and eliminating 8% of renewals lost to card friction.
$14.2M
Processed with OpenSettle
0 days
Payout delay
+8.4pp
Renewal success
0
MTL applications
“We moved $14M through OpenSettle last quarter without ever waiting for a payout or filing an MTL application. Our accountants stopped asking questions after the first reconciliation export.”
About the company
Aurora builds AI developer tooling used by 12,000+ teams across 80+ countries. Half of their ARR is earned outside the US, and their CFO had been managing payout-to-bank latency across four currencies for three years.
The challenge
- Card refusal rates in LATAM and MENA were approaching 12%, driving an ongoing recovery funnel that consumed engineering time.
- Weekly Stripe payouts meant working-capital lag of 5–7 days across $40M annualized — a meaningful cost of capital.
- Reconciliation between Stripe's multi-currency payouts and the accounting GL was manual and error-prone.
The solution
- Replaced card-primary billing with an allowance-based USDC subscription on Base for all international customers.
- Deployed the OpenSettle Router to their own smart contract addresses (per region) for clean audit isolation.
- Switched renewal dunning to OpenSettle's allowance pre-check (verify allowance two days before renewal, prompt top-up if low).
The results
- Renewal success went from 89.2% to 97.6% within two billing cycles.
- $400k in annual payout-delay working capital returned to the balance sheet.
- Reconciliation export reduced accounting close time from 4 days to 1.