Crowdz and SnapCheck Team Up to Rethink Invoices and Disrupt Business Payments
San Francisco, CA, October 21, 2019 –(PR.com)– Crowdz is speeding up cashflow with an automated solution that helps businesses thrive. Invoices are at the heart of everything small and mid-sized enterprises do. They impact hiring, buying products and growth. Every day spent waiting to receive a receivable is a missed opportunity. Crowdz’s goal is to level the playing field by providing SMEs access to more working capital.
SnapCheck digital checks marry all the familiarity of traditional business checks with the safety, speed, and security of modern payment technology—all from within your business solution. SnapCheck gives businesses, consumers, banks and credit unions the ability to save over $50 billion a year in costs and $20 billion a year in fraud losses.
“Partnering with SnapCheck was an easy choice for our team. We are both replacing outdated manual practices with modern business payment solutions,” said Payson E. Johnston, co-founder and CEO of Crowdz. “Many small and mid-sized businesses in the US still use checks for invoice payment. SnapCheck will allow our customers to pay their suppliers with paperless checks through the Crowdz digital payment gateway.”
Ken Kruszka, CEO of SnapCheck Inc. agrees, “It’s a great opportunity to partner with Crowdz to help businesses modernize invoice payments. Through the combination of Crowdz’s all-in-one platform for sending, paying, and selling invoices, together with SnapCheck’s instant digital check payments, businesses can simplify their back office and accelerate cash flow.” Kruszka continues, “Crowdz was a natural partner for us. Both of our companies believe in eliminating paper and disrupting legacy analog processes.”
Crowdz is on a mission to help small and mid-sized businesses thrive by accelerating their cashflow. Their strategic partnership with SnapCheck will help simplify and speed up business payments for SMEs around the world.
SnapCheck will be exhibiting and demonstrating their digital payments platform at AFP 2019, located at Booth #1331.
Sunnyvale, CA-based Crowdz is modernizing invoice financing and invoicing practices, particularly for small and midsize enterprises. Founded in 2014, Crowdz is headed by its co-founder and CEO, Payson E. Johnston, who served for 18 years as global B2B supply-chain Senior Manager for Cisco, the global networking giant. Overall, Crowdz’s executive team has a combined 100+ years of top-level experience in business finance, B2B and B2C commerce, supply-chain operations, and blockchain development. Crowdz’s technologies are covered by seven pending patents.
Crowdz is also a graduate of the world-renowned Techstars, 500 Startups, and Plug & Play accelerator programs. Barclays Techstars London program—for which Crowdz was among the top 2% of applicants worldwide who were selected to participate in the program’s Spring 2018 cohort—was recently ranked the #1 European Accelerator.
For more information on Crowdz, please visit: http://www.crowdz.io.
SnapCheck Inc. is on a mission to eliminate paper checks and help businesses modernize their accounts payable processes. Through SnapChecks award-winning Digital Checking Platform (named Best Payments API by API:World), organizations can realize the benefits of payments digitization without the cost and risk of overhauling back-office business processes.
For more information, visit: www.goSnapCheck.com.