Crowdz Makes Invoice Processing More Efficient

3 min reading
LG Supports Blockchain Platform for School Canteens

Barclays Bank and Bold Capital Partners conducted a financing round amounting to $ 5.5 million for the global invoice market of the Crowdz company. The round was based on blockchain technology.

Great Crowdz's revolution

Crowdz, based in Silicon Valley, is a startup in the dynamically developing fintech space. On May 28, Crowdz informed, that he closed the Series A investment round of $ 5.5 million. Now Crowdz plans to launch the first global invoice exchange in the banking industry ™. It is said to be a real revolution in the global liability market. The round was led by Barclays Bank and BOLD Capital Partners - a company dealing with technology investments, situated in Great Britain.

Irreplaceable blockchain technology

According to the report, the blockchain-based technology will make invoice processing more efficient,thanks to the digitization and automation of traditionally manual processes. The technology also automates the process of searching out the financiers in order to send them invoices. Payson E. Johnston, CEO of Crowdz, highlights the significance of faster processing of invoices for small and medium-sized enterprises:
Currently, small and medium-sized companies often have to wait for 90 to 120 days to pay. It comes as no surprise then, that more than half of these have problems with cash flow in a given year. Now companies like that can receive payment in a few days or less. Moreover - in prices usually much lower than in other places on the market. 
Other investors
TFX Capital Partners, Techstars Ventures and First Derivatives were also among the companies that financed the round. Financial support will probably be dedicated to products development, marketing, sales and employment of employees at Crowdz. As Cointelegraph previously reported, in April Barclays joined the trial testing blockchain technology as a way of improving real estate transactions. The trial was conducted by Instant Property Network, with the usage of the Blockchain Corda platform developed by the R3 software consortium.
Waluta Kurs Dokonaj zakupu

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.