Crossflow Payments, a UK-based financing platform that launched in 2014, has been given a financial boost by London-based investment firm Calibrate Management.
Calibrate Management will now own a minority stake in Crossflow Payments. Calibrate founding partner John Waite and partner Remy Kesrouani are joining the company as ongoing strategic advisers.
The funding will help Crossflow scale up its supply chain finance proposition.
“The supply chain finance market presents a significant opportunity for new entrants who are able to offer an alternative proposition, combining deep credit expertise with technological innovation,” said White. “That is exactly what Crossflow Payments is able to do with a highly scalable and exciting business model.”