Working capital marketplace CRX Markets has broken even for the first time.
The Munich-based company achieved the milestone in the first half of 2023, with a financed volume of EUR 11.1 billion and revenues of EUR 5.5 billion – a revenue figure double that of 2022.
CRX manages a monthly financing volume of roughly EUR 2 billion across 60 countries, and plans to expand its financing channels and broaden its payables and receivables financing across the second half of the year, according to CEO Frank H. Lutz.
“We are proud to have already reached the break-even early in the year, despite the tense geopolitical and economic situation," said Lutz.
“Considering the current developments, we also expect a significant increase in financing volumes for 2023 compared to the previous year and revenues in the double-digit million-euro range.
“In addition to the continuous development of the CRX Markets platform, we plan to deploy further financing channels and thus focus on an even broader offering in payables and receivables financing in the second half of the year.”
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