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New York Times: "an eBay of working capital"

Posted by Nicolas Perkin on Tue, Nov 18, 2008
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The Receivables Exchange was the subject of a very positive New York Times article yesterday. The article entitled, "An Online Market for Selling I.O.U.'s," said this about the Exchange: "The site provides a much-needed financing option for companies that are finding the doors locked at traditional credit markets." I hope you'll read the article and the 30-plus comments posted about it, and let me know what you think about The Receivables Exchange as a working capital management tool.

Nic Perkin is co-founder and President of The Receivables Exchange. The Exchange is the world's first online marketplace for real-time trading of accounts receivable.

 

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COMMENTS

Well done, guys! 
 
I can't believe it, but I only blogged about our UK experience in this space on Monday and a reader has just kindly shared the piece in the NYT.  
 
The crunch is certainly inspiring a lot of thought about alternative means of financing. 
 
Worth talking to the guys at Zopa 
 
http://sdj-pragmatist.blogspot.com/2008/11/early-payment-of-sme-invoices.html 
 
All the best 
SDJ

posted @ Thursday, November 20, 2008 6:55 AM by Simon Deane-Johns


Great article and great press for NOLA. I caught myself bragging about RX in a meeting yesterday while discussing New Orleans Entrepreneurial Resurgence.

posted @ Thursday, November 20, 2008 9:30 AM by Mike Walker


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