2023-2024 Growth Corporates Working Capital Index – September 2023

New Visa Index Reveals Working Capital Efficiencies for Mid-Market Companies

2023-2024 Growth Corporates Working Capital Index – September 2023

Growth Corporates are the $50 million to $1 billion businesses powering the digital economy, and their working capital needs reflect the dynamic nature of the futures they are shaping. The “2023-2024 Growth Corporates Working Capital Index,” a Visa report in collaboration with PYMNTS Intelligence, examines how 873 CFOs across five industries and 23 countries use working capital to fund their strategic growth, and what the payments ecosystem must do to move beyond the status quo solutions to grow with them.

Key Findings

  • 32%: Share of Growth Corporate CFOs who used external working capital solutions for strategic growth purposes
  • 34%: Share of Growth Corporates that used external working capital solutions for cyclical shortfalls and seasonal gaps
  • 27%: Share of Growth Corporates that used external working capital solutions for emergencies

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    PYMNTS Working Capital Index