Flexport Capital secures $200m credit facility from KKR

The financing will be used for product development, client growth and geographic expansion.

  • Flexport Capital provides companies access to flexible working capital for inventory and logistics expenses
  • Since its inception in 2017, Flexport Capital has financed over $1 billion in invoices for over 500 importers and exporters across more than 20 countries
  • In 2022, it expanded its loan offerings to customers in five new regions: Canada, the U.K., the Netherlands, Belgium and Luxembourg

KKR has agreed to provide a credit facility of up to $200 million to Flexport Capital, the trade financing arm fo Flexport.

The financing will be used for product development, client growth and geographic expansion.

Flexport Capital provides companies access to flexible working capital for inventory and logistics expenses.

Since its inception in 2017, Flexport Capital has financed over $1 billion in invoices for over 500 importers and exporters across more than 20 countries. In 2022, it expanded its loan offerings to customers in five new regions: Canada, the U.K., the Netherlands, Belgium and Luxembourg.

“Flexport Capital’s innovative and fully integrated financing solutions play a critical role in facilitating global trade for some of the largest companies in the world,” said Avi Korn, a managing director at KKR, in a statement. “We look forward to supporting the company’s efforts with our long-term capital as industry demand for customized financing solutions continues to grow.”