“Can a marketplace for SMB invoice receivables become the white-label infrastructure layer for supply chain finance at scale inside banks and enterprises?”
Crowdz (legally Agora Intelligence, Inc.) operates an electronic marketplace for the sale and purchase of receivables, connecting SMB invoice sellers with institutional and other buyers. The platform evolved from a peer-to-peer invoice trading model toward a white-label B2B infrastructure play — Supply Chain Finance as a Service (SCFaaS) — enabling banks and enterprises to embed receivables/supply chain finance under their own brand. Strategic investment from Citi signals a deliberate move into institutional trade finance distribution.
Crowdz connects to bank accounts through GoCardless.
Crowdz integrates with QuickBooks and Xero.
The Embedded Finance Index 2026 maps 3 layers in Crowdz's stack: Lending (Invoice receivables marketplace (invoice trading/factoring), Receivables finance for SMBs, Supply Chain Finance as a Service (SCFaaS) white-label and Recurring revenue finance (SaaS receivables)); Open banking (GoCardless); Accounting (QuickBooks and Xero).
Crowdz is headquartered in Campbell, CA, USA.
Get a read on where your own stack stands against Crowdz and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.