Olivers Classics has been with Sokin since August 2025, using our platform for cross-border payments as they source and restore rare European classics. As our relationship grew, one thing became clear: the cash sitting between deals wasn't doing anything for Olivers Classics. It was just sitting idle. We built Balance Boost to help businesses like theirs put idle cash to work, and Olivers Classics was among the first to enroll.
For Olivers Classics, every classic car deal follows the same road: agree a price, wire the funds, wait for the car (or the parts) to arrive. For a business that sources, restores and trades rare European classic cars between Europe and the United States, that waiting period is where things get complicated.
Olivers Classics operates primarily in USD but regularly transacts in GBP and EUR too, buying vehicles from the UK and sourcing original parts from specialist suppliers in Italy, Germany and Latvia. The business itself spans two continents: restoration work runs through a workshop in the Netherlands, while a US warehouse handles the American side of the operation. That structure means currency exposure is built into how the business runs day to day.
When deals are spread across currencies and continents, the business ends up holding meaningful GBP and EUR balances between purchases. Capital is being set aside for the next deal but, other than that, the cash is sitting idle. It isn’t being spent yet, and it isn’t earning any interest.
The problem with waiting
Cash earmarked for the next acquisition needs somewhere to sit while it waits, and ideally those funds are earning something rather than doing nothing. Previously Olivers Classics had been using fixed term deposits with a leading UK bank. The rates were reasonable, but the setup came with two real limits: it only worked in one currency, and it gave limited visibility on what the balance would actually earn until the term was up.
For a business juggling GBP and EUR alongside its core USD operations, that made it harder for Olivers Classics to plan with any confidence around the next purchase.
Certainty, not just rate
When Olivers Classics learned they could be earning more on their balances, they jumped at the opportunity to try Balance Boost. Fixed term Balance Boosts allow businesses to earn a fixed rate on eligible USD, GBP or EUR balances for a pre-defined term of up to 360 days, agreed in advance. Funds are placed with established banking partners, with no monthly fees or charges on earnings.
For Olivers Classics, the appeal wasn't only the rate, it was also knowing exactly how much the cash would earn in advance.
"Every car we bring back has to be worth the wait. The sourcing, the restoration, all of it takes time and the right team on both sides of the Atlantic. Balance Boost means the cash waiting for the next find is working just as hard as we are bringing classic cars back to life. Knowing exactly what it'll earn before we commit it means we're never guessing when it's time to move on the next car."
- Frederico Oliveira, Olivers Classics
That's a small distinction with a big practical effect. Instead of second-guessing timing or rates part-way through a term, Olivers Classics can now commit a balance and plan around a known outcome.
Three boosts, two currencies, one plan
Olivers Classics currently has three active fixed term boosts running across GBP and EUR, some committed for as long as a year at a time. Rather than opening a separate banking relationship to manage multi-currency savings, that capital has stayed inside their existing Sokin setup, with a clear view of what it will return before it needs to be redeployed into the next deal.
For businesses holding surplus balances between deals, in whatever currency, Balance Boost offers a way to put that capital to work without adding a new banking relationship or losing sight of what it will return.
Businesses like Olivers Classics now have even more flexibility in how they manage idling capital thanks to our new easy access boost option. Fixed term boosts still make sense for cash they know won't be needed for months at a time, but easy access boost means shorter-term surplus, cash they might need to move on short notice for the right car or part, can also earn a return without being locked in.