Avatar for Crowdz

The invoice exchange for accelerating cash flow

The invoice exchange for accelerating cash flow

One of the most pressing issues in global commerce today—and, in particular, in global supply chains—is the financial viability of the small and midsize enterprises, or SMEs, that account for 70% of all supply-chain participants. These SMEs typically have to wait for 90 days or more to be paid for the products they sell, yet they lack access to affordable ways of accelerating their cashflow.

As a result, at best, they limp along, unable to purchase the inputs for new products until their invoices get paid. At worst, they simply go out of business, as half of SMEs do within their first five years.

Crowdz solves this problem by launching a revolution in the $9 trillion dollar trade-finance market. Unlike traditional invoice-buying entities, Crowdz has created an entire supply-chain ecosystem, which makes it possible, for the first time, to extend trade finance to all supply-chain finance participants even while driving down its costs.

20-year Internet/ecommerce startup veteran. Founding Marketing & Product Director of @Intacct. Chief Strategist for @Crowdz. Former Chief Economist, White House

Payson Johnston

Avatar for Payson Johnston
CEO & Co-Founder of @Crowdz. Expertise in SupplyChain, SupplyTech, Software, SaaS, Startups, Business Ethics, Philosophical Theology AND Family
Total raised

$6.5M

Funded over

4 rounds

Latest round

Series A (May 2019)

Crowdz hasn't added any jobs yet

Get notified when Crowdz posts new jobs.

See similar jobs