NurseDash
NurseDash is an on-demand healthcare marketplace for facilities that need staffing support and clinicians looking for open shifts to match their schedule and lifestyle.
Location: nursedash.com
The challenge
“Our business has increased significantly during this period [of COVID-19] and we were looking for a financing mechanism to fuel our growth without disrupting our direct communication with our clients from the accounts receivable perspective.”
The solution
“Invoice financing is a powerful tool to grow the business, especially for a startup on a hyper-growth trajectory. It is also much cheaper than equity financing.”
“We have found the marketplace approach by Crowdz very similar to our business philosophy. Just like we offer flexibility to our clinicians, Crowdz offers flexibility to us so we choose when and how much to finance our receivable.”
The outcome
“The process with Crowdz is very straight forward and fast. We have experienced less than one week of turnaround time between posting our invoices for bidding and receiving the funds in our account. The financing cost is also lower than the traditional factoring arrangement. We are looking to use Crowdz to finance more of our receivables.”
Photo Courtesy: NurseDash
Rebel Travel Corporation
Rebel Travel Corporation is a global integrated marketing and technology company providing breakthrough solutions for clients, including hotels, restaurants, startups, technology companies, agencies, and major brands across the globe.
Location: Miami Beach, FL
The challenge
“On the hotel side of things, the industry is still very much stuck in the legacy payment process of cutting checks on a net 30 payment window. Some of the larger chains can take up to 90 days to process payments.”
“The onset of COVID further exacerbated that situation. So while we had a short-term cashflow challenge due to the pandemic, we were also looking for a long-term solution.”
The solution
“Crowdz helps solve the problem by providing faster access to our funds through its secure blockchain-based invoice funding platform. It will be our default solution going forward to fill the gaps for our slower paying clients.”
“Crowdz is stepping into a significant opportunity not just for my business but for thousands if not millions of small to medium-sized businesses like mine.”
The outcome
“I’m a Crowdz fan and happily recommend them to anyone in need of a strategic funding partner.”
