About Crowdz

Crowdz operates a blockchain-powered invoice marketplace that automates invoice financing for small and mid-sized businesses, enhancing their cash flow management. By utilizing a proprietary risk scoring algorithm, the platform provides real-time insights into receivables, enabling financial institutions to efficiently purchase qualified invoices while minimizing risk.

<problem> Small and medium-sized businesses (SMBs) often face challenges in managing their cash flow due to delayed invoice payments. Traditional financing options can be slow and may not provide the real-time insights needed to make informed decisions about receivables. </problem> <solution> Crowdz offers a blockchain-powered invoice marketplace designed to automate invoice financing for SMBs, thereby improving their cash flow management. The platform uses a proprietary risk-scoring algorithm, SURF Score, to provide real-time analytics on seller, obligor, and asset data. This enables financial institutions to selectively purchase qualified receivables that align with their investment criteria and risk management strategies. Crowdz also offers white-label versions of its platform, allowing larger enterprises to provide invoice financing solutions to their supply chains under their own brand. </solution> <features> - Proprietary SURF Score algorithm analyzes over 20 data points to assess risk at the seller, obligor, and invoice level - Real-time risk scoring optimizes return on investment and mitigates risk for funders - Streamlined digital onboarding processes for efficient, paperless communication and compliance - Secure transaction recording and monitoring using data from connected accounting systems - APIs to automate and accelerate data sharing - White-label options allow enterprises to offer branded invoice financing solutions - Open banking integration for instant payments and account verification </features> <target_audience> The primary target audience includes small and medium-sized businesses seeking to improve cash flow, as well as banks and financial institutions looking for efficient ways to purchase qualified invoices and manage risk. </target_audience> <revenue_model> Crowdz generates revenue by taking a basis point from dollars funded through its platform and is also exploring subscription models for its recurring revenue financing options. </revenue_model>

What does Crowdz do?

Where is Crowdz located?

Crowdz is based in Ann Arbor, United States.

When was Crowdz founded?

Crowdz was founded in 2014.

How much funding has Crowdz raised?

Crowdz has raised 30659333.

Location

Ann Arbor, United States

Founded

2014

Funding

30659333

Employees

5 employees

Major Investors

Techstars, Citi, FD Technologies, Wilson Sonsini Goodrich & Rosati, Bold Capital Partners

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Crowdz

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Executive Summary

crowdz.io 7K+

Crunchbase

Founded 2014 – Ann Arbor, United States

Funding

Estimated Funding

$20M+

Major Investors

Techstars, Citi, FD Technologies, Wilson Sonsini Goodrich & Rosati, Bold Capital Partners

Team (5+)

No team information available.

Company Description

Problem

Small and medium-sized businesses (SMBs) often face challenges in managing their cash flow due to delayed invoice payments. Traditional financing options can be slow and may not provide the real-time insights needed to make informed decisions about receivables.

Solution

Crowdz offers a blockchain-powered invoice marketplace designed to automate invoice financing for SMBs, thereby improving their cash flow management. The platform uses a proprietary risk-scoring algorithm, SURF Score, to provide real-time analytics on seller, obligor, and asset data. This enables financial institutions to selectively purchase qualified receivables that align with their investment criteria and risk management strategies. Crowdz also offers white-label versions of its platform, allowing larger enterprises to provide invoice financing solutions to their supply chains under their own brand.

Features

Proprietary SURF Score algorithm analyzes over 20 data points to assess risk at the seller, obligor, and invoice level

Real-time risk scoring optimizes return on investment and mitigates risk for funders

Streamlined digital onboarding processes for efficient, paperless communication and compliance

Secure transaction recording and monitoring using data from connected accounting systems

APIs to automate and accelerate data sharing

White-label options allow enterprises to offer branded invoice financing solutions

Open banking integration for instant payments and account verification

Target Audience

The primary target audience includes small and medium-sized businesses seeking to improve cash flow, as well as banks and financial institutions looking for efficient ways to purchase qualified invoices and manage risk.

Revenue Model

Crowdz generates revenue by taking a basis point from dollars funded through its platform and is also exploring subscription models for its recurring revenue financing options.