| How they describe themselves: The Receivables Exchange connects Buyers and Sellers in a real-time auction marketplace to buy and sell accounts receivable. We were founded on the belief that, with 60% of working capital tied up in outstanding invoices, businesses should have greater access to capital. Small and mid-sized companies (Sellers) can easily monetize their receivables by posting them to be bid on in real-time by a network of accredited capital providers (Buyers). By selling their receivables in an open and competitive marketplace, Sellers can drive down cash conversion cycles, reduce their cost of capital and increase their working capital and liquidity. What they think makes them better: The Receivables Exchange is the world's first centralized electronic marketplace for the buying and selling of accounts receivables. There is no other electronic exchange.
Executives: Justin Brownhill (Co-founder & CEO), Nic Perkin (Co-founder & President)
Investors: Redpoint Ventures, Prism VentureWorks, Fidelity Ventures
Board Members: Richard Korhammer (former Founder, Chairman and CEO, Lava Trading), Jim Counihan (Partner, Prism VentureWorks), Jeff Brody (Founding Partner, Redpoint Ventures), Ashton Ryan (Founder, President and CEO, First NBC)
Advisory Board Members: Edward Bishop (Founder, Kestrel Technologies) Robert Zadek (Partner, Buchalter, Nemer, Fields & Younger), Dr. Alvin Roth (Harvard Business School), George Gund (Professor of Economics & Business Administration), Dr. Geoffrey Parker (Associate Professor of Economic Sciences, A.B. Freeman School of Business, Tulane University), Tim Skillman (Principal, Grant Thorton, LLP)
Customers: Sellers: 200+ small and mid-sized businesses; 25+ Buyers
Partnerships: Ariba, InfoAccess
Contacts:
Biz Dev: Barbara Brandfass, 504-708-4171, barbara@receivablesxchange.com
Sales: Dana Stetson, 504-708-4156, dana@receivablesxchange.com
Press: Laurie Azzano, 415-786-3317, laurie@receivablesxchange.com
, 832-651-4706
Press: Josh Dillworth, press@rudder.com |
