Dear
friends of CRX Markets,
At a time
of global crisis, we are very grateful to have achieved our 2022 goals and
further expanded our marketplace for working capital finance. The annual
financing volume transacted on the CRX Marketplace increased by almost 100%
year-on-year to more than €19 billion, thanks to the expansion of existing live
programs and the onboarding of new corporates.
In addition
to the growing number of supply chain finance programs, the receivables finance
product launched in 2020 is driving CRX Markets' growth and helping companies
to impact their own cash flow directly and positively and thus the results of
their business.
Moreover,
the significant increase in annual financing volume planned for 2023, combined
with corresponding revenue increases, will move CRX Markets towards
profitability. At a time when our industry is unfortunately producing negative
headlines with sometimes dramatic valuation declines and layoffs, we want to prove
that a fintech can sustainably succeed through solid growth based on
innovation, superior execution, and reasonable cost structures.
I would
like to take this opportunity to thank all our corporate clients, financing
partners, employees, and shareholders, without whom the success story of CRX
Markets would not be possible.
Enjoy
reading our newsletter!
Best
regards,
