CAMPBELL, CA, April 26, 2022: SME finance platform Crowdz has secured $10 million in investment, led by Citi and Global Cleantech Capital, with participation from Bold Capital Partners, TFX Capital, and Augment Ventures.
Citi’s investment was led by the Spread Products Investment Technologies (SPRINT) team, the strategic investing arm of the bank’s industry-leading Global Spread Products division. Existing investor Global Cleantech Capital, a Netherlands-based growth venture capital firm, joined Citi in leading the round. Existing investors Bold Capital Partners, TFX Capital, and Augment Ventures also participated, bringing Crowdz’s total capital raised to $25.5 million.
The current state of the supply chain cycle for SMEs is overwhelmingly defined by fragmentation and delays, inefficiencies which cost them over $3 trillion annually. Crowdz integrates with SMEs’ accounting, payment processing, and banking systems to allow SMEs to get paid early at competitive rates.
