Charlotte Fintech Startup Quartix Raises $15 Million to Address Cash-Flow Challenges

Charlotte-based fintech startup Quartix successfully concludes a $15 million funding round, led by SR Alternative Credit, expanding its credit facility to provide advanced finance solutions. Co-founded in 2017, Quartix's mobile platform facilitates industrial purchasers in optimizing cash flow by managing payments and offering credit options. The additional funds aim to address cash-flow challenges and supply-chain disruptions faced by midsize to Fortune 1000 organizations. Quartix plans to utilize the funding to meet the increasing demand for its digital tools, providing CFOs and treasurers with effective cash flow management and supply chain capital optimization.

The funding, comprising a $50 million credit facility, supports Quartix's goal of offering sophisticated finance solutions, allowing customers to extend payment terms with vendors. The solutions primarily target midsize to Fortune 1000 organizations, assisting them in optimizing payment terms without straining business relations. The recent funding follows Quartix's $20 million round in 2022, aimed at meeting post-COVID demand from middle-market industrial enterprises utilizing its real-time trade-finance products.