In a strategic move to broaden the accessibility of its cybersecurity solutions, CrowdStrike has introduced a wholly owned subsidiary dedicated to providing customized financing options for its Falcon cybersecurity platform. The newly established entity, CrowdStrike Financial Services, aims to simplify the acquisition process for customers and support their cybersecurity needs through flexible financial solutions.
Enhancing Security with Flexible Financing
CrowdStrike Financial Services offers a range of financing options tailored to the needs of its clients. The new service includes in-house financing with clear terms, flexible payment structures—such as monthly, quarterly, annual, skip, step, and customizable plans—and dedicated customer support throughout the financial agreement process. This initiative reflects CrowdStrike’s commitment to making cybersecurity solutions more accessible and manageable for its users.
George Kurtz, CEO and founder of CrowdStrike, emphasized the company’s dedication to improving the security process. “On our mission to stop breaches, we are committed to making every point in the security process frictionless for our customers and partners,” Kurtz stated. The introduction of CrowdStrike Financial Services is part of this broader effort to enhance customer experience and support.
Integrating Financing with Falcon Flex
Customers can leverage the new financing options in conjunction with CrowdStrike’s Falcon Flex, an adaptable licensing model that allows users to access various modules of the Falcon platform as needed. This integration provides flexibility, enabling customers to deploy the modules they require when they need them. Additionally, the financing options are compatible with standard licensing models, offering a range of choices to suit different customer preferences.
“The Falcon Platform consolidates disjointed point products. Falcon Flex provides customers flexibility to deploy what they need, when they need it, and now CrowdStrike Financial Services transforms the financing experience by offering seamless and flexible options for adopting the Falcon platform,” Kurtz added.
The Rise of Embedded Finance
CrowdStrike’s move is aligned with a growing trend in the business-to-business (B2B) sector, where embedded finance is becoming increasingly prevalent. According to PYMNTS, nearly 83% of small and mid-sized businesses (SMBs) expressed a desire for embedded financial services integrated with the platforms they use. This trend underscores the increasing demand for financing solutions that are seamlessly integrated into the technology and services businesses rely on.
Qonto, a company providing business finance solutions to SMBs and freelancers, recently introduced its own in-house financing option, “Pay later.” This addition aligns with their goal of becoming the preferred business finance solution for European SMBs and freelancers by 2025.
CrowdStrike’s establishment of CrowdStrike Financial Services signifies a strategic effort to enhance customer access to its cybersecurity solutions, reflecting a broader trend towards integrating financial services with technology platforms to meet evolving business needs.
