Above & Beyond Talent Acquisition

Recent innovation in the consumer payments area has not been enjoyed in the business to business payments market. This is largely due to cumbersome, time-consuming and expensive processes on legacy systems making it a very complex environment to improve. Working with Crowdz we are pushing the boundaries to offer a state-of-the-art, digital solution for B2B payments that will enable everybody in the supply to chain to thrive.

When we move money across the world and we need to exchange currencies, we have to go through third parties such as SWIFT and other banks. That’s a long process and every time there’s a connection with external parties, it takes time and energy and effort. Using the digital cash would allow the bank to move funds 20 hours a day, up from only six to nine hours, five days a week when it relies on wire transfers and systems like SWIFT. It’s faster than SWIFT, cheaper and definitely more efficient.

'This is about two teams, Crowdz and Barclaycard Payment Solutions working together, bringing innovation expertise and product knowledge. The B2B payments space is a huge potential area of growth and this proof of concept is about learning the requirements of operating successfully in this space.'

[That blockchain] will change not just finance, but the lives of almost everyone… [I]t looks as if it has the makings of a new operating system for the planet.

Not only does Crowdz offer a solid finance & technology solution, but Crowdz’s vision for the intertwined future of blockchain and business commerce is one of the most innovative and exciting I’ve seen.

Crowdz is enabling businesses of all sizes to gain access to cheaper and faster supply chain financing. Crowdz’s unique invoice exchange automates the entire invoice creation through settlement process for businesses while also providing a proprietary auction platform where financing can be obtained at the lowest possible rate.

The B2B payments space is a huge potential area of growth and this proof of concept is about learning the requirements of operating successfully in this space.

While we have been extremely impressed with Crowdz’s traction in the traditional invoice receivables financing space, we are particularly excited about the burgeoning asset class of SaaS receivables. Only a small fraction of the $170BN in yearly SaaS revenues are currently represented in financial products, indicating a massive opportunity for expansion. Through accretive synergies between Crowdz’s innovative technological solutions and Citi, the leading global bank, we see the potential to meaningfully develop SaaS receivables as an asset class.

Crowdz is enabling businesses of all sizes to gain access to cheaper and faster supply chain financing. Crowdz’s unique invoice exchange automates the entire invoice creation through settlement process for businesses while also providing a proprietary auction platform where financing can be obtained at the lowest possible rate.