Quantix is a provider of application managed services, managed cloud services and infrastructure solutions for enterprises and independent software vendors. The company's data centers and application & security expertise allows for a portfolio of hosted and on-premise solutions that deliver IT cost savings and de-risk technology investments. In September 2011, Quantix was acquired by Interoute. The valuation of Quantix was undisclosed. Other terms of the deal were not released.
Latest Quantix News
Dec 2, 2023
USA-based Quantix raises USD 15 million in funding By North Carolina, USA-based fintech firm dedicated to bringing Supply Chain Finance (SCF) solutions to mid-market industrial clients, Quantix raised an additional USD 15 million in funding. The company announced the fundraise on November 30, 2023. SR Alternative Credit (SRAC), a US-based private credit manager, led the investment for the firm. Purpose of financing for Quantix With the latest investment, the company seeks to further advance its mission to provide advanced speciality finance products, typically reserved for Fortune 1000 corporations, to mid-sized businesses. It has plans to enable them to extend payment terms with vendors. The funding further equips Quartix to meet the growing demand for these solutions, especially during cash flow challenges and supply chain disruptions. What the company’s official has to add Dror Polak, CEO of Quartix, said, “Mid-market clients experience evolving cash flow needs. Traditional banking products fall short, and advanced solutions were previously limited to Fortune 1000 firms. Quartix provides mid-market buyers with advanced digital working capital products. Our digital platform, fueled by real-time payable data, complements traditional bank credit lines, providing CFOs and treasurers with digital tools for effective cash flow management and supply chain capital optimization.” Polak also added, “In today’s environment, corporate-sized companies extend payment terms with suppliers, often affecting mid-market suppliers. These mid-market suppliers, in turn, aim for longer payables with their suppliers, leading to vendor friction and relationship risks. With this funding, we can better assist mid-market companies in optimizing payment terms with suppliers without straining business relations.” What the investors have to comment Peter Faigl, Chief Investment Officer of SRAC, further said, “Quartix’s success reflects the growing demand for on-demand credit tailored to real-time trade events in the middle-market segment. Their strong credit portfolio performance demonstrates the team’s ability to seize these opportunities. With their data and scale advantages, we’re excited to support Quartix’s growth.” About the company The company, based in Charlotte, North Carolina, USA, also has offices in Ramat Gan, Israel. Quartix’s SaaS cloud connects middle-market buyers, their vendors, as well as institutional investors. It further allows buyers and vendors to pay or collect invoices whenever they want, regardless of payment terms. Quartix’s SaaS platform empowers mid-sized ‘buyers’ with annual sales between USD 25 million and USD 1 billion and their chosen vendors to manage payments as well as collections beyond standard terms. The company leverages the buyer’s creditworthiness to offer appealing financing options to suppliers, facilitating negotiations for extended payables without vendor friction. For more extensive analysis and Market Intelligence reports, feel free to approach us. We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know if there are any discrepancies in any of our published stories, -how we can improve, -what stories you would like us to cover –what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Quantix Frequently Asked Questions (FAQ)
What is Quantix's latest funding round?
Quantix's latest funding round is Acquired.
Who are the investors of Quantix?
Investors of Quantix include Interoute.