PrimeRevenue Opens London Office
Staff Report From Metro Atlanta CEO
Thursday, July 30th, 2015
PrimeRevenue, Inc., the leading platform for working capital finance solutions, today announced PrimeRevenue Capital Management, a new venture focused on offering alternative funding sources for its corporate clients and investment opportunities for investors looking to access new income sources. The PrimeRevenue entity is headed by Richard Tynan, Managing Director of PrimeRevenue Capital Management, and is based in London. This new company offers low-risk and low-cost access to capital that allows businesses to be agile and deploy supply chain finance programs faster.
“As one of the largest originators of trade assets, we are revolutionizing the market once again, allowing businesses to select from a broader pool of capital that they have not traditionally had access to. It is also the first time that mid-market and sub-investment grade companies get access to working capital finance,” said PJ Bain, CEO, PrimeRevenue, Inc.
Traditionally, banks played an instrumental part in financing working capital and non-bank funders had limited access to this market. “Given the current constraints in the international banking system and importance of supporting the growing demand for working capital finance solutions, it became imperative to develop mechanisms for investors to participate in these supply chain finance programs,” said Tynan.