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.
Funding
$30.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCCFTWSFounders
Product
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.
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.
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