Broker Spotlight: The Quartix / IGA Trade Collaboration
Menashe Rosenberg is a senior broker at IGA Trade, a leading trade insurance firm, noticed an emerging need for flexible 7-figure credit lines that was not met by today’s credit providers. He was able to support multiple clients with Quartix, while generating a new 5-figure monthly income stream to the firm.
The partner: a credit insurance brokerage firm
IGA is a NY-based brokerage firm focusing on Account Receivable (AR-side) solutions such as commercial collections, factoring, and receivables insurance solutions for commercial clients. The firm has expanded into credit solutions in recent years when Menashe Rosenberg, identified a gap in the market.
The need: existing clients seek flexible 7-figure growth capital
Many of the clients that have approached IGA in recent years shared a common frustration: flexible, scalable 7-figure credit solutions are extremely hard to find. Traditional financing solutions (credit lines, ABL or non-bank lenders) were either exhausted, denied or extremely difficult to implement. Realizing the potential, Menashe sought for the right solution.
The opportunity: monetizing client base via a disruptive credit solution
Menashe found the solution with Quartix.
Quartix is a Fintech platform combining AI technology and an unsecured, uncommitted $500K to $5M lines of credit to commercial manufacturers, importers, wholesalers and distributors.
With Quartix, IGA clients can alleviate temporary cash flow gaps by funding their timely payment to vendors, collecting from the client much later. Quartix’s Reverse Factoring Product can unlock cash at no cost to the clients and allow them to stretch payables with their high-spend vendors.
Quartix is able to go live with a client (first call to first dollar funded) within days with minimal friction, without needing ERP integration and onboarding of the client vendors.