How they describe themselves: Crowdz is a Silicon Valley-based company rethinking invoices, cash flow and trade finance. We are replacing outdated manual practices with the financial services industry’s first end-to-end invoice solution. Crowdz is a FinTech on a mission to help small and mid-sized companies thrive by increasing their access to cash flow through a 24/7 Global InvoiceXchange, a platform of invoices for sellers, buyers and funders based on blockchain. Our technology uses Ethereum to address challenges like KYC, AML, title ownership for transparent source of truth.
How they describe their product/innovation: Crowdz is set to revolutionize the $9 trillion receivables market and sees tremendous opportunity in an industry that has remained relatively unchanged for decades. Today, 90% of the world’s annual inventory of invoices are still manually processed. Small and midsize businesses often have to wait for a financially crushing 90 to 120 days or more to get paid. 50% of all SMEs experience cash flow issues. Crowdz provides a solution to late and unpaid invoices, weighing down over half of the small and midsize enterprises (SMEs) globally.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed