Crossflow Payments lands investment from Calibrate

Alternative finance platform Crossflow Payments has landed an investment from Calibrate Management.

The financial terms of the deal are undisclosed but Calibrate will take a minority stake in the company as a result.

London-based Crossflow aims to innovate beyond traditional trade finance, to enable corporates to give their suppliers access to alternative channels for supply chain finance at competitive rates.

Calibrate’s founder John White and partner Remy Kesrouani will join the firm’s board as a result of the investment, which Crossflow will use to support the scaling of the business.

Crossflow CEO Tony Duggan said: “I am delighted to welcome Calibrate onboard as a key shareholder in our business.

“This investment comes at an important time for us not only in providing additional firepower to help support further scaling of the business, but also in providing us access to two of the most respected investors in the City.

“The team at Calibrate has a track record that is second to none and their passion is unrivalled. I look forward to working closely with John and Remy as we continue to drive origination and take advantage of the significant market opportunities our innovative solution presents.”

Calibrate’s White added: “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.

“That is exactly what Crossflow Payments is able to do with a highly scalable and exciting business model.”

Copyright © 2017 FINTECH GLOBAL

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.