PrimeRevenue secures US$3 million growth financing from MMV Financial > MMV Financial | Venture Loan | Bridge Loan | Structured Loan | Debt Financing | MMV Capital Partners > Archives
Summary
– PrimeRevenue, a leading provider of Supply Chain Finance solutions, announces the completion of a US$3.0 million venture loan from Toronto-based MMV Financial. “We’ve just completed our fourth consecutive quarter of profitability, and have significantly grown our sales and marketing team in North America and Europe to meet the demand for Supply Chain Finance solutions in today’s economic environment. MMV is really excited to contribute to the ongoing success of the Company” said Ron Patterson, Executive Vice President, MMV Financial Inc. PrimeRevenues leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading Software as a Service (SaaS) technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Companies are relying on SCF deployments powered by PrimeRevenue to optimize working capital, remove risk from their supply chain, and forge stronger trading partner relationships.
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