| Website | receivablesxchang... |
| Blog | blog.receivablesx... |
| @receivables | |
| Category | eCommerce |
| Phone | (877) 449-0953 |
| info@receivablesx... | |
| Employees | 70 |
| Founded | 4/07 |
| Description | real-time trading of accounts receivable |
| TOTAL | $29.8M |
| FUNDING TOTAL | $29.8M |
| Series A, 10/07 Fidelity Ventures Prism Venture Management | $5M |
| Series B, 2/09 Redpoint Ventures Prism Venture Management | $7.75M |
| Series C, 1/10 Bain Capital Ventures Redpoint Ventures Prism Venture Management | $17M |
The Receivables Exchange is the online marketplace for the sale of accounts receivable. Small and midsize businesses gain access to working capital by auctioning invoices to a global network of institutional buyers who compete to buy invoices via a real-time marketplace. By connecting businesses with a community of banks, financing companies and factors looking to purchase outstanding invoices, invoices are turned into cash in as little as 24 hours for as much as 99-98 cents on the dollar. Unlike traditional financing options, The Receivables Exchange offers a fast and virtually risk free financing source to fund and grow businesses.