2 March 2021
Crossflow has clinched the 8th spot in the line-up of 1000 fastest growing companies in Europe released by the Financial Times magazine. This fintech company helps corporates and their suppliers secure working capital from global funders.
The Crossflow team is proud to announce that it has been selected as one of Europe’s fastest-growing companies in the FT1000, a ranking published by the Financial Times and Statista, charting the 1,000 companies in Europe that have achieved the highest percentage growth in revenues. Interestingly, Crossflow was also a part of this elite listing in 2020, with an overall rank of 119. This year, the company has leapfrogged 111 positions to finish 8th.
A fintech company with a difference, Crossflow offers technology solutions for supply chain finance utilising a sustainable strategy. The company’s primary objective is to connect corporates and their suppliers to global funding institutions that are supportive to ESG (Environmental, Social and Governance). Working in tandem with global banks, alternative investment funds and family offices, Crossflow delivers fast, flexible working capital finance powered by its cutting edge technology and global legal framework.
ESG stands for Environmental Social and Governance and refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or company. This term is commonly used by investors to evaluate the behavior of companies, as well as determining their future financial performance. ESG standards are gradually becoming a significant part of the alternative investment world. As a result, investors are becoming increasingly interested in the ESG framework, and many have begun using these as the criteria for assessing risk in the investment decision-making process.
As ESG (Environmental, Social and Governance) and socially responsible investing has gained traction, Crossflow has focused on implementation of Corporate ESG initiatives by enabling their suppliers to access millions in outstanding payments. Technology solutions from Crossflow connect vendors to a global pool of institutional working capital, enabling them to make ESG investment. Vendors can also extend the solution to their own vendors to ensure a full cascade of ESG implementation in the supply chain. Managed by Crossflow, vender rollouts are usually completed within 30 days. As a result of Crossflow’s extensive legal framework, the service is deployable globally.
“There are few pleasures greater in life than seeing a supplier invest in e.g. a water treatment unit that reduces pollution benefiting the community, the supplier and the corporate. Crossflow’s growth is reflected in suppliers, corporates and ESG supportive working capital partners, connecting through Crossflow committed to doing a better job for the environment, people and our communities,” said Crossflow’s founder and CEO Tony Duggan.