Crowdz FAQs

Getting started is free, including signing up to the platform and uploading and trading invoices. After an offer is accepted, there is a cost as funders purchase invoices for a fee.

There’s no need. We will not notify your customers that you are a Crowdz member or use our services.

Crowdz is a global fintech company servicing small and medium-sized businesses in North America, Europe, the United Kingdom, and the Middle East. To find out if we can support you, sign up for Crowdz or email our sales team at [email protected].

Assuming accounts are fully registered you can navigate to banking information on the left hand side of your screen. Once within banking information attempt to connect  your bank via credentials.

We look at several data sources, including business credit bureaus, your company, and your customer. Crowdz does not conduct credit checks on individuals. Crowdz pulls publicly available data sources on your enterprise customers to ascertain their likelihood to pay on time. If your customer also has transacted or formed a repayment data trail on the Crowdz platform, Crowdz will also use this data to profile the likelihood a receivable issued to them will be paid on time.

Crowdz compares uploaded receivables to accounting-system data whenever possible to ensure each uploaded receivable is indeed legitimate. Required fields include Name, Address, Country, City, and State. Funders will only finance customer receivables that check that box.

Our team conducts extensive due diligence on all registrants on the Crowdz system to ensure the businesses we work with are reputable and legitimate. In cases where a customers’ accounting systems are connected, we also check uploaded invoices against those present in the accounting system.

The main difference is who collects payment from your customers. With invoice finance, you retain total control. With traditional invoice factoring, the factoring company purchases the unpaid invoices and takes over the payment process.

Yes. You can choose to disconnect any business account at any time. Changing your username or password will also result in disconnection, and you will also need to renew your connection once it expires.

There will be a limit to how much you can trade based on individual company data. This amount can increase over time as all participant’s performances are constantly being evaluated for reward.

Within our algorithm for Surf score we utilize the accounting as well. Surf Score will help us generate the risk assessment of the seller(you) and your buyers (customers).

Yes, you can!

After you receive an offer on your eligible receivables, and accept, the funds will usually be deposited to your designated bank account in 2-3 business days.

Crowdz will work with sellers whose repayments are overdue to help them to become current for additional funding. If the receivable you sold remains unpaid after its due date, a collections service will act to obtain the money from your customer. If your customer fails to pay, in some circumstances you can be required to buy the receivable back, but in many cases the loss will be borne by the investor who purchased the receivable. However, under these circumstances you may be blocked from selling any more invoices owed by that Buyer until their payments are current.

It’s a powerful payment-reliability metric that assesses the likelihood and timing of repayments. SuRF Score combines both conventional business risk data with Crowdz’s proprietary payment and repayment data, including repayments of funding within the Crowdz platform. A strong SuRF Score increases your chances of receiving a low discount rate on receivable purchases.