Hamburg-based payment institute cflox has integrated another partner into its international banking network: Rabobank. The Dutch bank is therefore a further option for refinancing the supply chain finance solution cflox pay. This means Rabobank customers now also have access to the cflox solution, where payment terms can be added without having to involve suppliers. With the option of making payments to suppliers in foreign currencies, cflox pay offers global companies comprehensive international coverage.

The benefit of the cflox pay solution is that companies can pay their suppliers on a daily basis, but are not charged until a later date - after an additional payment term. It is set up via a simple payment account. This ensures seamless integration into existing systems and achieves direct working capital effects.

In addition to Rabobank, the cflox partner network already includes banks such as UniCredit, Commerzbank, Deutsche Bank, Raiffeisen Bank International and many German regional banks.

Dr. Philipp Tillmanns, founder and CEO of cflox, comments on the cooperation: “With Rabobank, we are gaining another strong banking partner for our customers. Together we want to acquire new customers both internationally and regionally in the Netherlands. Thanks to the strong sector focus on the food industry, we can further strengthen our already established footprint in the food & nutrition industry. We are very pleased about this cooperation, which fits in perfectly with our growth plans.”

Marius van Koeveringe, Executive Director, Head of Supplier Finance at Rabobank: “We are pleased to welcome cflox as a new partner. The ability to offer the cflox pay solution broadens our product offering, thereby further improving our capacity to support our customers effectively. We are proud to announce that we have successfully established our first cflox pay program and are looking forward to continuing our fruitful collaboration in the future.”

Press contact:
Caroline Chojnowski / Henning Mönster
public imaging GmbH
Telefon: +49 40 / 401 999 -23 / -156
E-Mail: cflox@publicimaging.de

About cflox
cflox is an international payment institution that reshapes working capital to optimize financing in the supply chain. With a focus on supply chain finance, cflox offers its customers the optimization of payment terms and cash flow without the involvement of suppliers. Together with established financing partners, over 100 active customer programs have already been implemented and a transaction volume of over € 14 billion (p.a.) has been processed between customers and suppliers.
cflox GmbH is a payment institution (Payment Services Supervision Act - ZAG) for the provision of payment services with the German Federal Financial Supervisory Authority (BaFin) with headquarters in Hamburg and additional offices in London, Madrid and Milan.

About Rabobank Group 
Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employed 49,000 FTE per 31 December 2023. Rabobank Group is active in 37 countries. For more information about the Rabobank Group go to www.rabobank.com.