eFactor Network and PrimeRevenue Expand Supply Chain Finance Capabilities in Latin America
"Partnership expands access to working capital solutions across LATAM region"
"PrimeRevenue, Inc., the leading provider of technology-enabled working capital solutions, and eFactor Network, a Mexican fintech and leader in electronic supply chain finance, announce they have renewed their partnership for four more years. The renewed partnership allows eFactor Network to continue licensing PrimeRevenue's trade finance technology to offer customers in Latin America innovative, sustainable cash flow solutions.
Since 2009, eFactor Network has leveraged PrimeRevenue's technology to help than 12,000 buyers and suppliers across Latin America unlock more than USD$4.2 billion (MXN 80 billion) in free cash flow. The company's digital solutions, powered by PrimeRevenue, help clients in more than 21 countries unlock material cash to fortify the supply chain and strengthen relationships. With more than 35 funding partners, eFactor Network's multi-funder approach ensures buyers and suppliers have uninterrupted access to liquidity that is not reliant on a single funder..."