Fintech Innovator Quartix Secures An Additional $15 Million In Funding To Revolutionize Supply Chain Finance
Fintech Innovator Quartix Secures An Additional $15 Million In Funding To Revolutionize Supply Chain Finance
11/30/23, 9:44 PM
Location
charlotteMoney raised
$15 million
Industry
financial services
Quartix, the fintech firm dedicated to bringing Supply Chain Finance (SCF) solutions to mid-market industrial clients, is thrilled to announce the successful funding round and a new credit facility that can scale up to $50M. Leading the investment is SR Alternative Credit (SRAC), a US-based private credit manager. This significant investment furthers Quartix's mission to provide advanced specialty-finance products, typically reserved for Fortune 1000 corporations, to mid-sized businesses, enabling them to extend payment terms with vendors.
Company Info
Location
charlotte, north carolina, united states
Additional Info
Quartix is a data and technology driven alternative lender operating in the US and Canada. Our mission is to improve the financial performance of supply chains on the buyer side and reduce the borrowing costs of SME suppliers by offering effective supply chain finance to the long tail of SME suppliers.
The proven benefits of supply chain finance were available until today only to the Fortune 1,000 companies. With Quartix they are now available to all companies. Our solution is tailored to US buyers with turnover of $25-500mn.
The fact we are data and technology driven allows us to offer our solution to a broad network of supply chains with no setup cost or hidden fees. Our seamless integration and access from multiple channels facilitates quick deployment and engagement. Our solution is totally discretionary - if the offer is attractive - you can finance your unpaid receivables!