How they describe themselves: The Receivables Exchange is the world's first online marketplace for real-time trading of accounts receivable. Changing the landscape of business financing, The Receivables Exchange provides a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation's millions of small and midsize businesses (Sellers) in search of capital to grow. Buyers get direct access to a $17 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.
What they think makes them better: In 2007 we launched the first capital marketplace for small and midsize businesses, and have since continued down a path of innovation to change business financing. Holding true to TRE's mission to deliver efficient access to capital through standardization, transparency, centralization and competition, we have created an entirely new cash flow management ecosystem for small and midsize business, and now large corporations. We introduce these new services after more than 200 years of industry stagnation. Every day we’re trading millions of dollars of receivables and helping SMBs nationwide access affordable capital while lowering their cost of capital more than 30%, on average. .
Key Executives: Justin Brownhill (CEO & Co-Founder), Nic Perkin (President & Co-Founder), Ed Millman (CFO), Elaine O'Gorman (CMO)
Investors: Bain Capital Ventures, Redpoint Ventures, Prism VentureWorks
Key Board Members: Richard Korhammer (Executive Chairman), Jeffrey Schwartz (Bain Capital),
Jeff Brody (Redpoint Ventures)
Key Partnerships: JPMorgan Chase, Ariba, Balboa Capital, Expense Reduction Analysts, American Staffing Association, IAPP, IARP, InfoAccess
Customers: Please visit www.receivablesxchange.com/become_a_seller/testimonials.html to learn more about our customers.
Bus. Dev.: Barbara Brandfass, SVP of Bus. Dev., firstname.lastname@example.org, 504-708-4171
Sales: Dana Stetson, SVP, Global Head of Sales, email@example.com, 504-708-4156
Press: Laurie Azzano, SVP of Marketing, firstname.lastname@example.org, 415-786-3317;
Bea Broderick, RLMpr, email@example.com, 917-576-9321
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