Barclays and Bold Capital Partners jointly led a $5.5 million Series A funding round for Crowdz, a blockchain-based B2B payments startup, with participation from other investors, including TFX Capital Partners and Techstars Ventures. Crowdz aims to disrupt the $9 trillion global receivables market by automating invoice processing, allowing companies to digitize invoices and accelerate payment collections, particularly benefiting small and midsize enterprises (SMEs) who often face delays in receiving payments. The investment will support Crowdz’ product development, marketing, sales efforts, and team expansion, addressing the inefficiencies of manual invoice processing and providing SMEs access to timely cash flow.
Barclays Leads $5.5 Million Round for Blockchain Business Payments Startup
