Press Releases

The Receivables Exchange Presents Small-Business Alternative Financing Webinar with Ami Kassar of MultiFunding on Feb. 28

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.

The Receivables Exchange Presents Webinar with Business Finance Magazine on February 16

January 31, 2012

The Receivables Exchange will host a webinar on Thursday, February 16, 2012, featuring Kayle Neeley, Owner and President of the EZ Payroll & Staffing Group of Companies, who will present an innovative receivables-based approach to cash flow management.

The Receivables Exchange Presents Business Financing Webinar on January 31

January 26, 2012

The Receivables Exchange will host a webinar on Tuesday, January 31, 2012, featuring Joseph Romano, Partner at Presti & Naegele Accounting Offices. In this one-hour live webinar, Romano will discuss the strategic benefit of having a “cash cushion” for your business, and offer tips for building a cash reserve.

The Receivables Exchange Funds Over $1 Billion to Small and Medium-Sized Businesses

January 5, 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.

The Receivables Exchange Announces Strategic Alliance with Insperity

December 28, 2011

The Receivables Exchange, the leading online marketplace for U.S. receivables sales, today announced a strategic alliance with Insperity (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses.

Justin A. Brownhill of The Receivables Exchange Elected to Board of Association of Trade & Forfaiting in the Americas (ATFA)

December 13, 2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced that its co-founder and CEO, Justin A. Brownhill, has been elected to the Board of Directors of the Association of Trade & Forfaiting in the Americas (ATFA).

The Receivables Exchange Presents Free Business Financing Webinar on December 13

December 8, 2011

The Receivables Exchange will host a free webinar on Tuesday, December 13, 2011, "Bank Loan Covenants:  What You Need to Know Before You Sign” with Charles Green.

The Receivables Exchange Appoints Corey B. Davis as Vice President of Business Development

December 5, 2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the appointment of Corey B. Davis as Vice President of Business Development.

NYSE Euronext and The Receivables Exchange to Jointly Market Corporate Receivables Program to NYSE Listed Issuers and Other Companies

September 13, 2011

NYSE Euronext (NYSE) and The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the launch of a joint strategic initiative to market TRE's Corporate Receivables Program (CRP) to potential sellers, including New York Stock Exchange listed companies. Under terms of the arrangement, the NYSE has acquired a minority ownership position in TRE. Terms of the investment were not disclosed.

The Receivables Exchange Appoints Gregory S. Kenepp Chief Marketing Officer

July 19, 2011

The Receivables Exchange (TRE), the online marketplace for U.S. receivables sales, today announced the appointment of Gregory S. Kenepp as Chief Marketing Officer, responsible for the Company’s overall marketing strategy.

The Receivables Exchange Co-Founders Named to Institutional Investor’s Annual List of the Most 'Disruptive' People in Financial Technology

July 11, 2011

The Receivables Exchange's co-founders, Justin Brownhill and Nic Perkin, were again named to Institutional Investor magazine’s annual “Tech 50” List, which honors the most “disruptive” figures in the financial technology sector. Institutional Investor called The Receivables Exchange a “classic example of financial technology entrepreneurship,” which has brought efficiency and transparency to the business receivables marketplace.

The Receivables Exchange Wins 2011 “Management Team of the Year” Award at the American Business (Stevie®) Awards

June 21, 2011

The Receivables Exchange, the real-time online marketplace for the sale and purchase of receivables, today announced that it won the 2011 “Management Team of the Year” award at the American Business Awards.

Receivables Exchange to Offer $5,000 for Customer Referrals

May 5, 2011

As small and midsize businesses continue to seek alternative solutions for funding their companies, The Receivables Exchange announced that it is now offering $5,000 per referral to Referral Partners who introduce eligible businesses to its working capital marketplace.

The Receivables Exchange Wins ACG Louisiana’s 2011 Emerging Growth Company Award

May 3, 2011

The Receivables Exchange, the real-time online marketplace for working capital, announced today that it is the recipient of the 2011 Emerging Growth Company award from the Louisiana chapter of the Association for Corporate Growth (ACG). The award is recognition for the Exchange’s phenomenal growth in 2010, when trading volume on its market-based platform increased by 466%. It is also a testament to the success of this innovative Louisiana-based company in changing the landscape of business financing.

The Receivables Exchange Partners with Coupa to Offer Suppliers Efficient Access to Working Capital

April 12, 2011

The Receivables Exchange, the real-time online marketplace for working capital financing, announced today that it has partnered with Coupa, developer of category-disrupting cloud spend management (CSM) solutions, to offer the Exchange’s innovative cash flow solution to Coupa Suppliers. The partnership unites two companies that are using leading-edge technology to change the way businesses manage working capital and control indirect spending.

The Receivables Exchange Reports 466% Growth in 2010

March 23, 2011

The Receivables Exchange, the real-time online marketplace for working capital financing, announced today that receivables trading volume on its market-based platform increased 466% in 2010. This nearly five-fold growth indicates that businesses are embracing the Exchange’s online working capital marketplace as a proven method of managing cash flow.

Small, Midsize Companies Need Working Capital Management Alternatives

January 7, 2011

Research published by CFO and The Receivables Exchange indicates that most senior finance execs feel very little control over their working capital management and many report significant pressure from larger customers extending terms. Receivables financing is being adopted as an affordable working capital management tool by senior executives at companies employing best practices in working capital.

Downtown Landmark Building to be Renamed “The New Orleans Exchange Centre”

January 7, 2011

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that, as it continues to expand its operations, it will move its New Orleans headquarters to the former Chevron Place at 935 Gravier St. and assume naming rights to the building.

Joseph Leone Joins Distinguished Board of Advisors of The Receivables Exchange

January 4, 2011

The Receivables Exchange today announced that Joseph Leone, former vice chairman and chief financial officer of CIT Group, has joined the company’s Advisory Board.

Business Financing Report: Small, Midsize Companies Need Working Capital Management Alternatives

November 30, 2010

A new study conducted by CFO Publishing and The Receivables Exchange reveals that many small and midsize businesses continue to  experience a significant “liquidity gap” when it comes to cash flow, even as large companies are regaining access to the capital markets. The study consisted of a survey of 321 senior finance executives at small and midsize businesses (SMBs) to determine the attitudes and best practices executives are employing to manage cash flow and meet working capital needs.

The Receivables Exchange CEO named to “Silicon Alley” List for 2010

November 2, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that Co-Founder and CEO Justin Brownhill was named one of  Silicon Alley Insider’s “Silicon Alley 100,” a listing of New York’s “Coolest Tech People in 2010.”

The Receivables Exchange Announces Partnership with Biz2Credit

October 14, 2010

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has partnered with Biz2Credit (www.biz2credit.com), an online loan-matching portal to help businesses make informed business financing decisions. The partnership brings the Exchange’s innovative working capital solution to Biz2Credit’s community of over 30,000 small and midsize businesses.

The Receivables Exchange Introduces Corporate Receivables Trading; Fortune Top 10 Brand Signs as First Corporate Seller

October 4, 2010

The Receivables Exchange, the world's first online marketplace for real-time trading of commercial receivables, announced today the launch of its Corporate Auctions program. The Exchange also announced that a Top 10 Fortune 500 company has signed on as one of the first Sellers.

Wall Street Journal Names The Receivables Exchange Most Innovative E-commerce Company in the World for 2010

September 28, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it was named the winner in the e-commerce category of The Wall Street Journal’s 2010 Technology Innovation awards, which recognizes the most important innovators in technology worldwide.

The Receivables Exchange Reports 300% YTD Growth

August 11, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that receivables trading volume on its market-based trading platform increased 300% YTD as of July 31, 2010.

Institutional Investor Magazine Names The Receivables Exchange One of the 40 Most Innovative Financial Technology Companies of 2010

July 28, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it was named to Institutional Investor magazine’s 2010 “Tech 40” list, which recognizes the most important innovators in financial technology

New Law Places Louisiana at the Forefront of Small Business Financing Innovation

July 13, 2010

The Louisiana legislature passed a law, signed by Gov. Bobby Jindal, 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.

The Receivables Exchange Named Finalist for 2010 American Business Awards(SM) in Two Categories

June 18, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has been selected as a finalist for the 2010 American Business Awards in two categories.

Balboa Capital Selects The Receivables Exchange to Provide Receivables Financing Solution to U.S. Businesses

June 15, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has been selected by Balboa Capital Corporation, the U.S. leader in equipment financing, to deliver its innovative working capital solution to Balboa’s small and midsize business customers across the nation.

The Receivables Exchange Reports 66% Growth of Online Receivables

May 19, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that its market-based working capital solution experienced 66% month-over-month growth in receivables sold in March 2010. Data shows a higher rate of adoption by small and midsize businesses that are freeing up cash at an average of ninety-eight to ninety-nine cents on the dollar.

The Receivables Exchange CEO & Co-Founder Named Ernst & Young Entrepreneur of the Year® Finalist

May 18, 2010

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that Co-Founder and CEO Justin Brownhill has been named a finalist for the Ernst & Young Entrepreneur of the Year® 2010 Award for the Houston and Gulf Coast Area Program.

Small Businesses Find Alternative Funding Option for Growth Capital

March 10, 2010

The Receivables Exchange, the world’s leading online marketplace for real-time trading of accounts receivable, announced today that its market-based working capital solution experienced 100% quarter-over-quarter growth in receivables sold as of the end of 2009. With access to competitively-priced capital at their fingertips, many businesses are gaining access to capital for ninety-eight to ninety-nine cents on the dollar, on average. 

The Receivables Exchange Closes $17 Million Series C Financing from Bain Capital Ventures

January 27, 2010

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has closed $17 million in Series C financing led by Bain Capital Ventures, with additional commitments from existing investors Redpoint Ventures and Prism Ventureworks.

IAPP/IARP Forge Partnership with The Receivables Exchange

December 8, 2009

At a time when small and mid-size businesses are struggling to find access to capital, sister nonprofit organizations International Accounts Payable Professionals and International Accounts Receivable Professionals announced today that they have developed an alliance with The Receivables Exchange to help bolster the working capital management and cash flow position of their members’ companies.

New Data Reveals Small and Mid-sized Businesses are Finding Access to Affordable Capital

November 19, 2009

As the economy starts to show veiled hints of a recovery, America’s small and midsize businesses (SMBs) remain cash-constrained with many turning to alternative sources of capital to meet their short-term financing needs. As a result, the practice of selling receivables is showing signs of becoming a growth category as more mainstream companies turn to the age-old financing tool in its new online incarnation.

Financial Start-ups Form ‘Coalition for New Credit Models’

October 20, 2009

Amid historic regulatory reforms being considered by the new administration and lawmakers on Capitol Hill, the Coalition for New Credit Models announced its formal launch today as its representatives descended upon Washington.  The Coalition is made up of non-profit, for-profit, and social enterprises using new technologies, products and business models to provide credit and information to millions of consumers and small and midsized businesses.

The Receivables Exchange Launches Nationwide Program to Reduce America’s Small Business Liquidity Gap

August 19, 2009

As the credit crisis continues to pummel small and midsize businesses (SMBs), companies are placing a greater importance on identifying and diversifying their financing sources. The Receivables Exchange announced today that it has launched the Receivables Advisors Program (RAP), a nationwide program to establish Receivables Advisors in all 50 states to help small and midsize businesses increase their short-term financing options.

New Data Shows Small and Mid-sized Businesses are Turning to Alternative Business Financing for Growth Capital

July 14, 2009

As the nation’s small and mid-sized businesses continue to bear the brunt of the credit squeeze, many are turning to alternative sources of business financing. New data shows that quarter-over-quarter, more businesses across more industries are selling receivables to fund their growth of their business in these challenging economic times.

The Receivables Exchange Named Top Three “Deal of The Year” at 12th Annual ATFA Conference

June 9, 2009

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that they were honored alongside GE Capital and Finacity as one of the Top Three for the “Deal of the Year” award by the Association of Trade and Forfaiting in the Americas (ATFA). The global award recognizes the most innovative trade finance related transaction in 2008.

The Receivables Exchange Named World’s Best Online Supply Chain Financing Solution

May 27, 2009

The Receivables Exchange announced that it was named the “2009 Best Web-based Supply Chain Financing Solution” by Global Finance magazine.  The international award recognizes the world’s best supply chain finance providers for innovative business financing solutions to enhance working capital management.

The Receivables Exchange Names Influential Cash Management Expert to Advisory Board

May 19, 2009

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that Lori Hricik, former CEO and Head of JPMorgan Treasury Services has joined the company’s Advisory Board.

The Receivables Exchange Honored by The Webby Awards

May 5, 2009

The Receivables Exchange announced that their website, designed in partnership with Renegade LLC, was recognized as an ‘Official Honoree’ at the 2009 Webby Awards. The Webby Awards celebrate international excellence online and is considered the “Oscars of the Internet.”

The Receivables Exchange Closes $ 7.75 Million From Redpoint Ventures in Series B Financing

February 26, 2009

The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, announced today that it has closed $7.75 million in Series B financing led by Redpoint Ventures with re-investment from Prism Ventureworks.

InfoAccess.net Selects The Receivables Exchange to Provide Working Capital Management Solution to its Small and Mid-Sized Business Customers

January 12, 2009

The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, announced today that it has been selected by InfoAccess.net to address the working capital management needs of their growing base of mid-market customers.

The Receivables Exchange Selected as a ‘Top 25 Technology Innovator’ at New England Venture Summit

December 3, 2008

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it was selected as a ‘Top 25 Technology Innovator’ at the 2008 New England Venture Summit. Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange, was a featured presenter at this year’s event that took place November 25 in Burlington, Massachusetts.

First Online Marketplace Launches to Provide Capital Directly to America’s Growing Small Businesses

November 17, 2008

The Receivables Exchange (www.ReceivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has launched its proprietary patent-pending trading platform to conduct live trading of accounts receivable.

The Receivables Exchange Names National Expert on Commercial Financial Services Law as General Counsel

November 5, 2008

The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, today announced that it has hired David Willenzik as General Counsel for The Receivables Exchange. Willenzik has over four decades of experience in commercial finance law.

The Receivables Exchange Selected as One of ‘2008 Innovators of the Year’

September 26, 2008

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that they were selected as one of New Orleans City Business’ 2008 “Innovators of the Year.” The award recipients were announced at a luncheon on September 26 in New Orleans with Nic Perkin, President of The Receivables Exchange, on hand to accept the award. The nomination recognizes those companies who are initiating and cultivating the spirit of creativity that will play a large role in the future of the national marketplace and specifically in New Orleans.

The Receivables Exchange’s Membership Exceeds $1 Billion In Accounts Receivable Turnover

September 8, 2008

The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, today announced that its Charter Member program has surpassed more than $1 billion in accounts receivable turnover since commencing its sales initiatives four months ago.

The Receivables Exchange Hires Former Head of Sales for Lava Trading

September 2, 2008

The Receivables Exchange (www.receivablesXchange.com), the world's first online marketplace for real-time trading of accounts receivable, today announced that it has hired Dana Stetson as Senior Vice President of Sales for The Receivables Exchange. Stetson has over a decade of experience selling complex solutions in the finance industry. Prior to joining the Exchange, Dana served as Head of Sales for Lava Trading, which was acquired by Citigroup.

The Receivables Exchange Selected as One of ‘Top 50 Entrepreneurial Companies’ at Eighth Annual New York Venture Summit

June 30, 2008

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that they were selected as one of the ‘Top 50 Entrepreneurial Companies’ at the 2008 New York Venture Summit, one of only 25 technology companies selected.

The Receivables Exchange Names Advanta and Ticketmaster Veteran as Chief Financial Officer

June 18, 2008

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has named Ed Millman as Chief Financial Officer. Mr. Millman is a highly regarded financial industry expert with a successful history of leading high volume, high transaction companies.

The Receivables Exchange Expands Offices to New York City

April 7, 2008

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 New Orleans Exchange Announces Investment From Fidelity Ventures

November 26, 2007

The New Orleans Exchange (NOE) announced today that Fidelity Ventures has made an investment in the company. The New Orleans Exchange (NOE) is America’s first centralized marketplace for providing quick and efficient access to working capital for small and middle market companies.

The New Orleans Exchange Secures $4.2 Million in Series A Funding from Prism VentureWorks

October 15, 2007

The New Orleans Exchange (NOE) announced today that it has secured $4.2 million in Series A funding from Prism VentureWorks to roll out its initial electronic trading platform, The Receivables Exchange (TRE), America’s first electronic exchange for buying and selling commercial receivables.

The Receivables Exchange Named “2007 Technology Transfer Company of the Year”

October 11, 2007

The Receivables Exchange (www.receivablesXchange.com), the world’s first online marketplace for real-time trading of accounts receivable, today announced that it was named as the “2007 Technology Transfer Company of the Year” by the Louisiana Technology Council and Greater New Orleans Inc. Nic Perkin, President of The Receivables Exchange, was on hand to accept the award at the 4th Annual Technology eWards Gala that took place in New Orleans.