Annual results - Illustrating the capability to #scale #fintech positively, Magda Rozczka, CEO of Crossflow - The Working Capital Marketplace, shares the latest update that Crossflow has achieved breakthrough results in the year ending March 2024 as follows: - Revenue increase 361% from £7.96m to £28.76m - Profitability improvement from prior year loss of £886k to profit of £4.77m - Debt- Zero #SCF #workingcapitalfinance #AI #supplychainfinance https://lnkd.in/e-4rHWfV
Crossflow - The Working Capital Marketplace
Financial Services
London, England 2,641 followers
Crossflow is a technology driven working capital marketplace, delivering innovative solutions in SCF using AI engine.
About us
At Crossflow we have a vision that our tech platform and AI can change working capital finance services. Real marketplace can help global businesses and their suppliers seamlessly connect with institutional funders and access to global pools of working capital. at the same time, the financial institutions can benefit from this huge underserved market. We believe that faster access to capital can improve corporates' supply chains, reducing risk and in parallel enables margin recovery. Crossflow helps strengthen commercial relationships between corporate and their suppliers by leveraging automation with the secured and certified technology platform. The Crossflow platform is: ✅ Easy to implement and use for both the corporate buyer and their supplier. ✅ Safe. Tested over four years before launch, and certified with SOC 2. ✅ Integration with any ERP solution, including bespoke platforms. Crossflow has helped enterprises release $2.4bn in working capital to thousands of suppliers with affordable funding. To ensure the ongoing safety of the platform, it is only available to corporates with a credit rating of BB and above, generating at least $1bilion turnover. Minimum SCF programme must be for $60mil payables outstanding at any time to enable attractive and competitive rates to your suppliers. Crossflow works with international banks, hedge funds and family offices to provide access to sources of diversified funding. Crossflow is ranked No1 B2B Fintech in the Financial Times' list of 1,000 fastest growing company in Europe and is also a member of the London Stock Exchange ELITE Program. #workingcapital #workingcapitalfinance #supplychain #supplychainfinance #ESG #treasury #tradefinance #cashflow #CFO #ERP #accountspayable #vendors #AP
- Website
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http://www.crossflowpayments.co.uk/
External link for Crossflow - The Working Capital Marketplace
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2013
- Specialties
- Supply Chain Finance, Electronic Transaction Processing, Fintech, Corporate Finance, Working Capital, Working Capital Marketplace, Working Capital Management, Cash Forecasting, Early Payment, Inventory Management, Treasury Strategy, Supply Chain, ESG, Cashflow, and AI
Products
Locations
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Primary
Gracechurch Street
London, England EC3V, GB
Employees at Crossflow - The Working Capital Marketplace
Updates
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The economic decoupling between the US and China has resulted in a massive collision of #global #supplychains causing repercussions across industries worldwide who are grappling with increased costs and delays. A rapid shift towards alternative markets and suppliers can introduce complexity and inefficiency into previously stable and streamlined supply chains, requiring a re-evaluation of supply chain frameworks. Corporations have to urgently review their traditional supply #strategies, and make bold steps with tactics to build resilience in an unstable world. This includes investment in 'Just in Case' inventory management and reshoring/nearshoring manufacturing operations. Crossflow - The Working Capital Marketplace as an integral part of one of those tactics, the financial supply chain, which helps as part of a long-term strategy to support such transitions and build future physical supply chain security. #workingcapitalmanagement #ai #supplychainfinance #cfo #treasurer https://rb.gy/aophml
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The Fed's delay in #rate cuts amid stubborn #inflation has profound implications for the US economy and global #markets. Persistent high rates impact currency markets and daily operations. Crossflow - The Working Capital Marketplace we enable access to competitive funding providers, offering a marketplace of funds and minimise the high rates impact on supply chain and costs of operations. #finance #economy #workingcapitalmanagement https://rb.gy/giwcub
What Fed’s Rate-Cut Delay Means for US and the World
msn.com
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🎯 Position Your Brand: Discover where you stand with Crossflow's Payment Quadrant (CPQ), benchmarking your performance against UK payment practices. 🚀 Unlock Financial Resilience with Crossflow - The Working Capital Marketplace! Late payments have a significant ripple effect beyond just the financial health of a company, but also the innovation and growth opportunities in your #supplychain. 🤝 A Win-Win Solution: Empower your business to fortify supplier relationships, optimize #cashflow, and enhance profits with Crossflow. Guarantee timely payments, foster stability, and support growth and #ESG initiatives for #suppliers. #cfo #ceo #ai #workingcapitalmanagement https://rb.gy/8dex22
Home - The Working Capital Marketplace | Homepage
crossflowpayments.co.uk
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It’s great to see the importance of #AI being highlighted as a key element of #financialstrategy rather than a nerdy extravagance- CFO. To achieve better results, AI must indeed become a standard tool in the decision-making process. Crossflow - The Working Capital Marketplace we have been promoting the incorporation of Crossflow AI in achieving competitive advantage, when negotiating terms with #suppliers, building new sources of supply, improving #margins and ultimately increasing the #shareprice. Performance driven #CFOs are increasingly motivating their teams to create AI driven financial strategies to drive market growth through better financial decisioning. Such strategies have the potential to increase margins, improve profitability and drive value driven cost reduction initiatives. In contrast to such #leadership, lagging performers will still be running endless discussions, doing the same things they have done for decades, and hoping for different/better results. One of our Case Studies demonstrates how simple it is to drive business performance with Crossflow - https://shorturl.at/LRU01 https://rb.gy/ltjwud
CFO Trendline on The CFO Strategy for Artificial Intelligence
cfo.com
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Eurozone and EU retail sales fell in February marking 17 consecutive months of decline as consumer confidence remains low despite easing inflation. However, wage increase well above inflation along with lower interest rates have the potential to release significant pent up demand driving economic growth. This is particularly the case in the housing market where growing families have delayed house moves. Similarly, renters frustrated at escalating rental costs, are looking to get on the housing ladder. This will be a key opportunity for corporates to benefit from that demand. Key to that, is building a strong supply chain, for the times when your suppliers will need to meet that demand and fulfil your orders faster. Making your supplier relationships attractive by offering financial support positions corporate buyers at the top of the list for securing responsive capacity to meet that demand. Reach out to Crossflow - The Working Capital Marketplace for tailored business solutions. #retailsales #eu #businesssolutions #cfo #supplychain #workingcapitalmanagement #retail https://lnkd.in/esGBR_Bk
European consumers reluctant to splash cash despite slowing inflation
euronews.com
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Challenging market conditions may lead to delayed vendor payments, affecting cash flow and credit ratings. Crossflow - The Working Capital Marketplace we offer optimized funding solutions to streamline and help with payment terms, and working capital improvement, strengthening your daily operations. #workingcapitalmanagement #scf #vendor #cfo #cashflow #workingcapital #ai
Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
cnbc.com
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Retail insolvencies surged 19% in 23/24, with major collapses such as The Body Shop, Ted Baker, and Farfetch. Amid higher rates and costs, Crossflow - The Working Capital Marketplace's #AI-finance offers alternative financing, easing payment pressure and aiding suppliers during tough times. Connect for tailored solutions - https://rb.gy/c00m1u #cashflow #workingcapitalmanagement #financing # SCF #cfo #ceo
Number of retailers going insolvent 19% to breach 2000 - Accountancy Age
https://www.accountancyage.com
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European companies cite increased risks in China, urging Chinese leaders to address concerns. Foreign investment declined by 8%, reflecting recalibrated commitments amid global shifts and regulatory changes. Crossflow - The Working Capital Marketplace offers speedy implementation to stabilize operations and finances, ensuring a steady bottom line. #SCF #workingcapitalmanagement #ai #agile #resilience #cfo #ceo #strategicdecision
Doing business in China getting tougher, European business group says
euronews.com
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Amid Dr. Martens plc' stagnant growth and declining share price post-IPO, an activist investor urges a strategic review, hinting at a possible sale. With challenges like warehouse bottlenecks and falling wholesales, Q3 revenue dipped by 21%. Discover how Crossflow - The Working Capital Marketplace can aid retail businesses in enhancing margins and profits and ultimately with the share price - https://rb.gy/c00m1u #cashflow #workingcapitalmanagement #supplychainfinance #ai #agile #shareprice #margin #ceo #cfo #shareholder
Dr Martens investor calls for strategic review
retail-week.com