Crate Brewery

Customer since:
2019
Region:
East London
Industry:
Beverage

"Using the platform has been great, it's very straightforward. Our account manager is also very responsive."

Jen Thompson
Head of Finance
  |  
Crate Brewery
Crate Brewery benefits from Kriya Lending
Challenge

Long payment terms

Solution

Kriya Lending

Cashflow squeeze

Crate Brewery partnered up with a large supermarket chain. They increased production hugely to fulfill their orders but then had to wait up to 60 days to be paid.

This put a great deal of pressure on cash flow.

There were a lot of upfront costs for raw materials, packaging, staff and so on but most of their working capital was getting tied up in outstanding invoices.

With demand for their beer greater than ever before, they knew they’d need funding to keep up. They had initially approached their bank but were hesitant to take on the whole-ledger facility they had been offered.

Selective invoice finance was a great credit solution.

Crate started looking into alternative providers that could offer greater flexibility and that’s when they found MarketFinance. They signed up for a selective facility, so they have the freedom to simply login to the MarketFinance platform and fund invoices as and when they need to.

Tom Seaton, Founder & Director

For us, Crate is all about making great ideas happen. It's a place where food, music, art and beers come together.

Your Kriya Payments story starts here

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Your Kriya lending story starts here

Please fill out the form and a member of our team will be in touch

Your Kriya story starts here

Please fill out the form and a member of our team will be in touch

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