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E-invoicing, SCF & E-procurement

Barclays leads USD 5.5 mln funding for trade finance blockchain startup Crowdz

Friday 31 May 2019 | 02:33 PM CET

US-based Crowdz has announced its USD 5.5 million Series A funding round led by Barclays and BOLD Capital Partners.

TFX Capital Partners, Techstars Ventures, and First Derivatives also participated in the round.

Crowdz has an invoice exchange where SMEs can auction invoices to get trade financing from banks or hedge fund managers. The invoice exchange has a B2B payment gateway, and in addition to offering trade finance, it enables matching of orders with invoices and payments which provides increased confidence for funders.

The startup is a graduate of two accelerators, Barclays Techstars and 500 Startups.

More: Link
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