Recent Press

Accounts Receivable Exchange to Use CT Lien Solutions Tools


A fledgling credit market that lets businesses trade accounts receivable has allied with the nation's largest provider of Uniform Commercial Code filings to help buyers perform due diligence and file liens on the sellers. The Receivables Exchange, a New Orleans start-up, said Monday that it is working with CT Lien Solutions, a unit of the Dutch data publisher Wolters Kluwer NV, to automate UCC processing, public record searching, and document filing.
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The Receivables Exchange's Membership Exceeds $500 Million in A/R Turnover


The Receivables Exchange announced its Charter Member program has surpassed $500 million in accounts receivable turnover since commencing its sales initiatives two months ago.
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International Trade Finance Newletter-From the Editor’s Desk

The world’s first online marketplace for real-time trading of accounts receivables is set for launch in the third quarter of 2008, targeting an annual market estimated to be worth some $25trn in the US. To be known as The Receivables Exchange, the US based trade finance platform is an attempt to take the receivables financing industry to a new level where trade receivables are bought and sold in real-time, providing immediate and flexible access to working capital finance at competitive rates.
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Trouble Obtaining Working Capital?

In response to the lack of sources for working capital in the small- and mid-sized market, The Receivables Exchange was launched in an effort to provide an online marketplace to auction commercial A/R or trade credit. The venture represents a new way for borrowers to gain quick access to working capital outside traditional sources.
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IFG Newsletter - The Receivables Exchange - A New Capital Marketplace


The Receivables Exchange is developing the world’s first real time, centralized electronic marketplace for auctioning commercial accounts receivable (AR). Based on the same technology as the New York Stock Exchange’s (NYSE) bond trading system, the Exchange will connect a global network of capital providers with small and medium sized businesses in search of working capital to help them grow. In effect, the Exchange will serve as the first capital marketplace designed specifically to meet the liquidity needs of small and medium sized companies.
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Watch Us on Fox Business News

Watch Nic Perkin, President of The Receivables Exchange, as he talks about setting up shop in New Orleans and creating a New Capital Marketplace.
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Fidelity Makes Bid for Online-auction Glory

Fidelity Ventures is hunting for the next eBay. The venture capital firm, investing funds raised from affiliates of mutual fund giant Fidelity Investments, has been carving out a niche bankrolling Internet start-ups that connect buyers and sellers of everything from loans to receivables to airplane parts.
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Business Account Receivables to Trade on New Exchange

An online market place for trading account receivables of small- and mid-size businesses could open for trading in the third quarter, the firm’s co-founder and CEO tells insideARM. The Receivables Exchange will allow buyers and sellers of company receivables to trade in a real-time auction-style much like the Nasdaq market, said Justin A. Brownhill. In the U.S. today the trading of company receivables, often lumped under the heading of factoring, is done on a one-on-one basis with little formal regulatory control.
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Website Promotes N.O. for Startups

A group of local entrepreneurs hopes that by creating a Website promoting New Orleans as a viable place for start-ups they can turn the Crescent City into a hub for such ventures.
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Inc – Short On Cash? There’s a New Way to Sell Receivables: on an Exchange.

Inc
Keith Voigts has cash flow on his mind. As CFO of iSeatz, Voigts needs to make sure the $5 million company has enough cash to pay the bills. But New Orleans-based iSeatz, which arranges travel packages for clients like Orbitz and Travelocity, has no collateral for a bank loan. And its customers sometimes take 90 days to pay up. Voigts has considered factoring—selling the company’s receivables at a discount to get cash up-front. In the past, however, he has always avoided it because of its high costs and bad reputation. “I wouldn’t say it’s a shady business, but there’s a stigma to it,” he says.
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BusinessWeek.com – New Orleans: A Startup Laboratory

Business Week
Entrepreneurs are finding fertile ground for new ventures they think will help bring the devastated city back to life. In a fifth-floor penthouse office in the central business district, developers craft an online trading system to let companies sell their accounts receivable at a discount for cash. A few blocks away, a programmer builds a tool to send patients’ medical data to doctors’ smart phones in real time. On the other side of town, workers assemble a sleek modular home from aluminum framing and interlocking panels—no nails or screws required. At the end of the day, they might all head for a hip new nightclub near the waterfront.
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USA Today – New Online Trading Biz Heads to Big Easy

USA Today
When Nicolas Perkin was brainstorming his new online trading company last year, he considered launching it in New York or San Francisco. Instead, he went with an unlikely choice: New Orleans. Using $1 million of their own cash, Perkin and partner Justin Brownhill this summer set up the New Orleans Exchange, a virtual marketplace for companies that buy and sell accounts receivable, invoices and other assets used as collateral for business loans.
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HedgeWorld.com

HedgeWorld
Nicholas Perkin has building on his mind. He lives in a city that is in the process of rebuilding and redefining itself two and a half years after Hurricane Katrina, and it is here that he and his partner Justin Brownhill chose to base The Receivables Exchange, a new capital exchange launching early this summer under the umbrella of the New Orleans Exchange. In the process, Mr. Perkin is looking to reshape the way the receivables market is perceived in the United States, and he has the help of several hedge funds.
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