News on Accounts Receivable Financig

Letter From Our Founders

Welcome to Liquidity Matters, our monthly newsletter focused on providing valuable information to help U.S. small and mid-size businesses grow—one receivable at a time.

It’s been a busy month at the Exchange, and we’re happy to have some very positive developments to report: First, Institutional Investor magazine named us one of the most innovative financial technology companies of 2010, putting us on the same list as heavy-hitters JPMorgan Chase, Bank of America and Citigroup. Second, the Exchange worked with the Louisiana legislature on the development of a law making the sale of commercial receivables over electronic exchanges located in Louisiana defensible on a national level as a "true sale" of the asset. A strong true sale statute assures buyers on electronic exchanges that assets they have purchased cannot be recharacterized in the event of seller insolvency, and prevents jurisdictions outside Louisiana from characterizing them differently. As one national expert remarked, "This legislation is a tremendous win for capital providers of all types and B2B businesses nationwide." These two votes of confidence in our innovative marketplace are further validation that receivables financing is becoming a mainstream working capital solution.

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