VCs Back Receivables Exchange
Sign of the times: who’s getting investor money? A company that runs a marketplace for real-time trading of accounts receivable, enabling small and mid-sized businesses to accelerate their cash flow.
via NYTimes DealBook:
The Receivables Exchange, a New Orleans company that runs an online marketplace for real-time trading of accounts receivable, has closed a $7.75 million financing round through Redpoint Ventures, with reinvestment from Prism Ventureworks.
Learn more about modern-day factoring: The Receivables Exchange and if you come to Finovate Startup 2009 in SF they will be doing a demo. In the meantime, we’ll reach out and talk to them and report back here.