CRX Markets exceeds break-even for the first time
26 July 2023
PressCRX Markets, Europe's leading independent marketplace for working capital financing, was able to break even for the full year 2023 thanks to significant revenue increase. Despite the tense global geopolitical situation, the fintech was able to strengthen its position and continue to grow.
Break-even also for full year 2023
The break-even point, which was already reached in the first half of 2023, was successfully upheld for the entire year. A strong sign that CRX Markets is sustainably profitable.
Strong revenue growth
CRX Markets increased its revenue by a high double-digit percentage rate compared to the previous year. The financed volume also increased significantly in 2023. The impressive results demonstrate the efficiency of the business model and the attractiveness of the CRX marketplace for both corporates and financing partners.
Innovative financing channels
In the last year, CRX Markets extended its established programs to include a further financing channel, thereby further increasing its already broad liquidity base.
"We are proud of our achievements in 2023, which clearly show that we continue to grow and be innovative. We will further expand our product portfolio in 2024 to offer our customers an even wider range of financing options. In addition, our sales colleagues will also participate in events in the United States for the first time - an important step for us as part of our expansion and growth strategy." — Frank H. Lutz, CEO CRX Markets AG