Receivables Exchange

company

About

Receivables Exchange is an auction based marketplace connecting large corporate sellers of receivables to a broad network of buyers.

  • 51 - 100

Details

Last Funding Type
Private Equity(PE)
Last Funding Money Raised
$10M
Industries
E-Commerce,Finance,FinTech
Founded date
Apr 1, 2007
Number Of Employee
51 - 100
Operating Status
Close

The Receivables Exchange is an auction-based marketplace that connects large sellers of trade receivables to a broad network of institutional buyers. Transactions over the exchange are standardized and structured to result in a "true sale" of the receivables, thus offering balance sheet benefits to sellers and attractive risk-adjusted returns to buyers. The auction model provides corporations with a transparent channel to monetize receivables while providing investors access to the accounts receivable market as well as liquidity, balance sheet, and risk management services. Launched in 2007, the marketplace is operated from New York, United States.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$34.75M
Receivables Exchange has raised a total of $34.75M in funding over 2 rounds. Their latest funding was raised on Jun 24, 2013 from a Private Equity(PE) round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 24, 2013 Private Equity(PE) $10M 1 Detail
Jan 27, 2010 Series C $17M 1 Detail
Feb 26, 2009 Series B $7.75M 1 Redpoint Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Receivables Exchange is funded by 1 investors. Redpoint are the most recent investors.
Investor Name Lead Investor Funding Round
Redpoint Private Equity(PE)