As Europe’s leading marketplace for working capital finance, CRX Markets has already exceeded the cumulative financing volume of EUR 15 billion in July 2021. This indicates that the global marketplace for working capital finance is developing according to plan. The own target of doubling the financing volume of 2020 in 2021 is within reach in view of the filled sales pipeline. The growth results from the expansion of existing programmes with clients already active in the marketplace, such as Nestlé, MAN, Daimler, Vattenfall, Covestro and many more, as well as the continuous onboarding of new clients such as Knorr-Bremse and HSE.
CRX Markets is the only marketplace offering products to optimize working capital on both sides of the balance sheet. Factoring, reverse factoring and dynamic discounting are flexibly available to the onboarded client. Depending on the liquidity situation and corporate strategy, the products can be used individually. With over 35 financing partners such as Commerzbank, Helaba, BNP Paribas, DBS, ING, SMBC, Mizuho, PIMCO and N26, CRX Markets offers corporates a diversified pool of liquidity. Once connected to the CRX Marketplace, the circle of financing partners can be expanded as needed. However, financing partners are also increasingly being approached for new programs and are thus able to benefit from new investment opportunities beyond their client base.
Frank H. Lutz, CEO of CRX Markets, says: "Our mission to bring corporates and financing partners together on an independent marketplace drives the entire CRX Markets team day by day. Our products for working capital optimization on the asset and liability side are mature and available to our customers according to their needs. Our marketplace convinces our clients with 100% transparency, the most diversified liquidity, full automation and unlimited scalability."