Press Release | March 06, 2013
The Receivables Exchange, the online marketplace for selling accounts receivable, has named Michael MacDonald to the position of Executive Vice President, Institutional Sales. MacDonald will be responsible for growing the company’s commercial receivables buyer base among Regional and Community Banks, Hedge Funds, Family Offices, International Banks, and Asset Management firms.
Press Release | February 28, 2013
The Receivables Exchange, the online marketplace for selling accounts receivable, has named Dan Pengue to the position of Chief Risk and Finance Officer. Pengue comes to The Receivables Exchange with a broad background of more than 30 years of risk and financial management experience. He had an extensive corporate career with GE and GE Capital with his final role being Chief Risk Officer (CRO) of GE Capital’s Vendor Finance business.
In the News | October 25, 2012
Mr. Jones had better luck with the Receivables Exchange, a New Orleans, La.-based online platform allowing businesses to auction accounts receivable to accredited investors. Businesses can post invoices on the service, and specify the minimum advance they would accept and the maximum fee they would pay. Investors can then bid on the offer.
Mohana Ravindranath | Read this article on The Washington Post
Press Release | October 23, 2012
The Receivables Exchange, the online marketplace for selling accounts receivable, today announced the appointment of Henry (Hank) Allen as the company’s new chief executive officer. Allen was also appointed to the Board of Directors of The Receivables Exchange.
In the News | July 24, 2012
Small companies are finding ways to get cash without going to the bank.
Associated Press | Read this article on CNBC
In the News | July 16, 2012
More companies are getting cash quickly by auctioning off unpaid bills they are owed, in an indication both of how strapped corporations are for funding and how new firms are springing up to take business away from stressed banks.
Read this article on The Wall Street Journal
In the News | February 25, 2012
The Economist focuses on The Receivables Exchange as a key innovation in business financing, enabling buyers to "make judgments on individual debtors and diversify their holdings" while helping companies get the funding they need.
Read this article on The Economist
In the News | February 24, 2012
Trade Finance magazine says TRE is “delivering a more efficient working capital financing tool through which corporates can access short term funding.
Read this article on Trade Finance Magazine
Press Release | February 20, 2012
The Receivables Exchange will host a webinar on Tuesday, February 28, 2012, featuring Ami Kassar, CEO and Founder of MultiFunding, who will present alternative financing methods that can be more flexible and affordable than banks.
Press Release | January 05, 2012
The Receivables Exchange, the leading online marketplace for U.S. receivables sales, today announced that since inception it has funded over $1 billion to small and mid-sized businesses (SMBs). This milestone indicates that businesses are employing The Receivables Exchange’s working capital marketplace as a proven alternative to traditional lines of credit.