Quartix

Quartix is a data and technology driven alternative lender operating in the US and Canada. The company's mission is to improve the financial performance of supply chains on the buyer side and reduce the borrowing costs of SME suppliers by offering effective supply chain finance to the long tail of SME suppliers. Previously, the proven benefits of supply chain finance were limited to Fortune 1,000 companies, but with Quartix, they are now available to all companies. The solution is tailored to US buyers with turnover of $25-500mn. The fact that the company is data and technology driven allows offering the solution to a broad network of supply chains with no setup cost or hidden fees. The seamless integration and access from multiple channels facilitates quick deployment and engagement. The solution is discretionary, offering the option to finance unpaid receivables if the offer is attractive. Founded in 2017, Quartix operates in the Financial Services and Fintech industries, with its headquarters in the United States. The company's latest milestone is a $15.00M Debt Financing investment at 30 November 2023, secured from Spouting Rock Asset Management.