Digital Barter Exchange BizX Emerges as Valuable Tool for Businesses To Help Preserve Cashflow Amid COVID-19
Community of 7,000+ businesses gaining recognition from outlets like Bloomberg, Inc. and top business journals in Seattle and San Francisco
Jul 16, 2020, 13:20 ET
BELLEVUE, Wash., July 16, 2020 /PRNewswire/ -- BizX, a community of 7,000+ businesses that free up cashflow by trading what they have to get what they need, has emerged as a vital tool for companies to preserve cashflow and pivot along with shifting regulations amid the COVID-19 pandemic.
BizX is a modern day, digital barter exchange that was founded in the wake of 9/11 to help businesses connect and forge new relationships where they can support one another – particularly during times of crisis. In addition to improving their cash flow, BizX also provides members with access to a line of credit.
Bartering as a tool for businesses in the age of COVID-19 — with BizX leading the way — has garnered recognition in recent months, including:
Roughly 65 percent of Fortune 500 companies use barter or non-cash transactions as part of their day-to-day business; 30 percent of the global economy is non-cash and growing by the day.
"Rather than compete with each other, we are now seeing business owners coming together again in informal and formal ways, utilizing BizX and other bartering networks as creative solutions to help weather the pandemic," Bob Bagga, CEO and co-founder of BizX, said. "We are thrilled that more and more businesses, as well as the press, are realizing this, and we look forward to helping more businesses connect and discover innovative ways to support one another."
To learn more or become part of the BizX community, please visit https://bizx.com/
Media Contact
Kyle Wall, The Fearey Group
[email protected] / (206) 343-1543
About BizX
BizX is a community of 7,000+ businesses that free up cashflow by trading what they have to get what they need– a modern day, digital barter exchange. The platform helps businesses connect and forge new relationships where they can support one another and provides members with access to a line of credit along with unique resources including webinars and a private Facebook group. BizX has over 7,000 members representing over 120 different industries, from Fortune 500 companies to pro sports teams, regional leaders to local companies and start-ups. BizX was founded in 2002 by entrepreneur and CEO Bob Bagga and CRO Chris Haddawy. For more information, please visit https://bizx.com/
SOURCE BizX
