The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, has launched its proprietary patent-pending trading platform to conduct live trading of accounts receivable. At The Receivables Exchange, U.S. businesses (Sellers) are able to increase their cash flow and free up their working capital by having their outstanding receivables bid on in real-time by a global network of institutional investors (Buyers).
The Receivables Exchange is changing the landscape of business financing by providing a new dimension in working capital management. The Exchange connects millions of small and mid-sized businesses (Sellers) in search of capital to a global network of institutional investors (Buyers) looking to broaden and diversify their portfolio. Buyers get direct access to an $18 trillion new investable asset; Sellers are introduced to a new source of liquidity by having their receivables competitively bid on in real-time by multiple Buyers.
“The Receivables Exchange was founded on the fundamental belief that America’s small and mid-sized businesses should have better access to working capital,†said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “In today’s credit crisis, we’re hearing from CEOs and CFOs across the country that the need has never been greater for them to identify alternative funding sources to reinvest into their businesses in order to maintain their success.â€
Originally posted on November 17, 2008 @ 9:22 am
Tracy says
Thanks for sharing this great resource. We have been wondering just how to drum up more business especially since more businesses are turning to this form of financing.