# Crowdz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowdz

- Industry: Internet
- Headquarters: Campbell, US
- Website: www.crowdz.io
- Total disclosed funding: $12M
- Latest round: Series A (Jun 30, 2021)
- Investors on record: 10

## About

Crowdz is a financial technology company that provides a platform for invoice financing, enabling small to medium-sized enterprises (SMEs) to enhance cash flow by quickly selling outstanding invoices to investors.Founded in 2014 and headquartered in Campbell, California, Crowdz specializes in streamlining supply chain financing. The company was established by Payson Johnston and Steven Lee. Crowdz has secured a total of USD 10.00 mn through its funding efforts, with its most recent funding round occurring in April 2022, led by Citi Ventures, along with other notable investors such as Global Cleantech Capital, Augment Ventures, BOLD Capital Partners, and Task Force X Capital.Crowdz specializes in providing innovative solutions aimed at streamlining the supply chain financing process. Their core product offering is a platform designed to facilitate invoice financing for small to medium-sized enterprises (SMEs). This platform enables businesses to expedite cash flow by allowing them to sell their outstanding invoices to investors, thereby removing the burden of waiting for customer payments. The service addresses critical pain points for SMEs, such as liquidity challenges and the time-consuming nature of traditional lending processes. Crowdz primarily serves a diverse clientele, including manufacturers, wholesalers, and service providers, predominantly in North America and Europe, where the demand for efficient cash flow management is significant. By leveraging technology, Crowdz enhances the funding accessibility for businesses, empowering them to grow and innovate without financial constraints.The revenue model of Crowdz is centered around transaction fees generated from the invoice financing platform. Each completed transaction incurs a fee, which is typically a percentage of the financed invoice amount. This structure allows Crowdz to maintain profitability while providing essential services to their clients. In a typical transaction, a small business may upload an invoice to the platform, and Crowdz facilitates the sale of this invoice to an investor, ensuring that the business receives immediate cash. The platform is designed to cater to both B2B and direct-to-consumer transactions, allowing for flexible engagement with a broad range of clients. While specific pricing plans for the services are not disclosed, the transaction fee model ensures that revenues are tied directly to the volume of financing facilitated through their platform, aligning the company's success with that of its users.In April 2022, Crowdz raised USD 10.00 mn in venture funding co-led by Citi Ventures and Global Cleantech Capital. The company will use this funding to focus on its global expansion. Crowdz is actively working on launching new products aimed at enhancing their platform capabilities and plans to expand into key markets across North America and Europe by the end of 2023.

## Funding rounds

- Series A, Jun 30, 2021, $4M — Global Cleantech Capital, Techstars, Wilson Sonsini Goodrich & Rosati, Augment Ventures, BOLD Capital Partners, Kube VC
- Series A, Jun 29, 2020, $2.4M — Augment Ventures, BOLD Capital Partners
- Series A, May 28, 2019, $5.5M — Techstars, Barclays, BOLD Capital Partners, TXF Capital, FD Technologies PLC, Johnson Family Trust

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Barclays — Series A
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series A
- TXF Capital (https://capitalatlas.ai/funds/txf-capital) — Series A
- FD Technologies PLC — Series A
- Johnson Family Trust — Series A
- Augment Ventures (https://capitalatlas.ai/funds/augment-ventures) — Series A
- Global Cleantech Capital (https://capitalatlas.ai/funds/global-cleantech-capital) — Series A
- Wilson Sonsini Goodrich & Rosati — Series A
- Kube VC (https://capitalatlas.ai/funds/kube-vc) — Series A