Charlotte Angel Connection Episode 126: Noam Mani, Co-Founder and CEO of Quartix

Today we welcome Noam Mani, Co-Founder of Quartix.  Quartix is a company combining technology with institutional cash to transform vendor early payments into a true win-win for both the buyer and the vendors.  I met Noam several years ago when he was participating in the QC Fintech Accelerator program (run by RevTech Labs). The company has come a long way since those early days and they are now growing quickly – which is a great testament to Noam, his co-founder (Dror) and the rest of team including his stable of advisors they picked up along the way (some of which he picked up as a result of his participation in in the accelerator program). Noam is originally from Israel but he and Quartix now call Charlotte home.  It’s great to see founders like Noam and Dror come through the QC Fintech program and ultimately decide to call Charlotte home.  It’s a testament to the types of mentors in the program as well as the quality of program Dan Roselli and the rest of the team over there have built. Noam served as an Engineer in the Israel Military and after fulfilling his military duties in Israel he became a consultant.  This is where the idea of Quartix started to brew.  His co-founder Dror was seeing the vendor payments as a real pain point and the two of them teamed up to deliver a powerful solution.  It’s a complex problem for many of us who don’t sit in this space to understand but Noam does a wonderful job walking us through the problem and the solution in today’s podcast. At the end of the day, Quartix is a data and technology driven alternative lender operating in the US and Canada. Their mission is to improve the financial performance of supply chains on the buyer side and reduce the borrowing costs of SME suppliers by offering effective supply chain finance. Noam shares their takeaway from QC Fintech and how and why he Dror Polak, started Quartix what it took to start and how they keep up with the demand.  Noam also explains that working with both sellers and buyers will expand the business. We discuss working with funding partners, and how they add value. At the end of the podcast we discuss the different type of markets that utilize their service and the opportunities that scale the business and what’s on the horizon for them in the future.   William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener.   Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.  Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.