Crossflow, the working capital marketplace for corporates and their supply chains, has announced its annual results and outperforms all expectations, the company said.
Crossflow has grown its turnover from GBP 885k in 2016 to over GBP 20m in 2017 and becomes the fastest growing fintech globally, and also the closest to profitability, reporting a nominal loss of only GBP 401k.
Crossflow allows financial institutions to cost-effectively finance corporates and suppliers in a click. The business was commercially launched in 2014 by a team of finance and supply chain experts, following three years of research and development. Its rapid growth highlights the attractiveness of the Crossflow service.
Crossflow is a global, innovative working capital marketplace for corporates and their supply chains and is backed by a range of financial institutions providing large-scale funding capacity.