The Receivables Exchange Expands Offices to New York City

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has expanded its offices to New York City to support demand by institutional investors.

The Receivables Exchange is transforming and expanding the accounts receivable financing industry as the smart, easy and efficient way for small and medium-sized businesses to gain quick access to working capital. With more than $25 trillion in accounts receivable annual turnover currently available for sale in the United States and less than one percent of that volume currently being tapped, institutional investors have taken notice of the enormous new opportunity The Receivables Exchange’s online trading platform presents for them to participate in the asset-based financing industry.

“Institutional investor demand for participation in the Exchange has exceeded our expectations, making an office in the world’s financial center a welcome necessity,” said Justin Brownhill, chief executive officer and co-founder of The Receivables Exchange.

“There has proven to be an incredible pent up demand – especially in this volatile credit climate – for an innovative way for these capital providers to broaden the depth of their portfolio. These investors are especially eager to be a part of the trillion dollar global industry that The Receivables Exchange aims to transform and expand.”

“The Receivables Exchange’s technology and innovative approach has the potential to be a transformative offering for both small and medium-sized businesses as well as larger investors,” said, Michael J. Scanlon, Director of Marketing for RiverEdge Capital Partners and a Director with The Hedge Fund Association.

“We are excited about the opportunity to connect with this new asset class and look forward to being active participants on the first day of trading.”

As a part of its national awareness campaign, The Receivables Exchange will launch a multi-million dollar marketing and advertising campaign to inform America’s nearly three million small and medium-sized businesses about how the real time trading of accounts receivable can provide an easy and efficient way for them to grow their businesses. The campaign will also showcase the ways in which The Receivables Exchange can be used as a tool for these businesses to gain quick access to alternative and flexible working capital, especially in today’s volatile credit markets.