Flexport Capital, the trade financing arm of Flexport, secured a credit facility of up to $200 million from separate insurance accounts managed by KKR, a global investment firm. The credit facility will allow Flexport Capital to continue to build a financing product within the Flexport Platform, and to further invest in client growth and geographic expansion.

The new credit facility follows years of tremendous growth for Flexport Capital: 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 portfolio size has grown 149% year-over-year; a strong indicator of client growth and trust in its innovative financing product.

“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,” Avi Korn, managing director at KKR, said. “We look forward to supporting the company’s efforts with our long-term capital as industry demand for customized financing solutions continues to grow.”

“Flexport Capital began from the belief that a company’s supply chain should be a core competitive advantage and growth enabler, not a working capital impediment,” Justin Sherlock, head of Flexport Capital, said. “With deeper visibility into overall supply chain health, we can help businesses of all sizes – and their partners – to remove liquidity constraints in the midst of uncertainty. I’m thrilled to have KKR providing a credit facility to help us execute our vision to make global trade easy for everyone.”