Flexport Partners with BlackRock to Provide $250 Million in Inventory Financing for Customers

Flexport Capital has expanded its ability to deliver fast, flexible financing embedded directly into the global logistics ecosystem.

SAN FRANCISCO--(BUSINESS WIRE)--Flexport, the global leader in supply chain technology, today announced that it is partnering with funds and accounts managed by BlackRock (“BlackRock”) to provide up to $250 million in supply chain financing for its customers. The financing will be managed and executed by Flexport Capital, Flexport's financial services arm, to enable its customers to access a broader range of working capital financing options, fully integrated within Flexport’s logistics ecosystem.

Through this financing, Flexport is able to offer flexible working capital to its customers for everything from inventory and logistics finance to term loans, asset-based lines of credit, tariff financing, and more. Flexport customers can also access funding at any stage of the product lifecycle, from supplier pickup to final delivery and beyond, without the complex fees or documentation common in traditional lending.

“Global trade runs on cash flow, and too many great businesses fall behind simply because they can’t fund the gap between when they buy inventory and when they sell it. Together with BlackRock, Flexport Capital offers businesses more access to flexible capital to help them scale,” said Flexport Chief Financial Officer, Stuart Leung.

Since launching Flexport Capital in 2017, Flexport has provided more than $2 billion in financing to its customers, achieving an annualized growth rate of 71% over the past five years. Customers use this capital to keep goods moving, accelerate growth, and capture market opportunities, without tying up equity in their supply chains. This new collaboration with BlackRock will allow Flexport to expand the range and size of financial services it can deliver for those customers.

For more information on Flexport Capital and Flexport’s supply chain financing solutions, visit flexport.com/products/capital/.

About Flexport

Flexport believes logistics should be as simple and reliable as flipping a light switch. With a mission to make global commerce so easy that there will be more of it, the company makes the world’s best technology for businesses to manage their supply chains. Unlike pure technology companies, however, Flexport also has the world’s best logistics execution and customs compliance capabilities, allowing them to ship anything anywhere, by air, ocean, truck or rail. Trusted by more than 13,000 companies, Flexport connects every step of the supply chain—from factory floor to retail stores and consumers doors—in a seamless technology platform that saves companies money while delivering superior experiences for their customers.