Express Credit

Stamford, CT – October 6, 2021 – Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully completed the facilitation of a new consumer loan funding program for Express Credit Group’s Botswana specialty finance operations (”Express Credit”).  The new facility will purchase loans from Express Credit through a newly created special purpose corporation.  The first tranche consisted of the purchase of USD 9.0 million pool of payroll deduction loans.  Additional tranches are expected to follow. Finacity developed the program in coordination with Africa based financial advisor Africa Growth Capital.

About Express Credit Group

Express Credit Group operates specialty finance businesses in several African nations, including Botswana and Namibia.  Express Credit offers payroll deduction loans, unsecured loans and real estate secured loans to consumers.  Charlotte Mathula, CEO of Express Credit Botswana said that “the new loan funding program enhances our liquidity and our ability to serve our customers.  Express Credit Botswana anticipates additional loan demand which could be supported by this new facility.”

About Finacity, a White Oak Company

Finacity, a White Oak Company, specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe Latin America and Asia, Finacity conducts business throughout the world with obligors in 175 countries. Finacity  is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. For further information, please visit www.finacity.com.

Paul Jenison
Email: pjenison@finacity.com

Latest News

Press Release

Sep 2022

Finacity and ING Belgium NV Facilitate Increase of Accounts Receivable Securitization Program to $200 Million for Cushman & Wakefield

Finacity Corporation (“Finacity”), a White Oak Company, and ING Belgium SA/NV announce that they have facilitated an increase from $125 million to $200 million of the commitment capacity for the Accounts Receivables Securitization Program for Cushman & Wakefield Inc. (“C&W”), a leading global real estate services firm headquartered in Chicago, IL.

Press Release

Jul 2022

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (“PPC”), the largest Greek electricity generator and the principal supplier of electricity in the country. The securitization program finances consumer and corporate receivables originated by PPC in Greece.

Press Release

Jul 2022

Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.

Finacity Corporation (“Finacity”), a White Oak Company, has successfully facilitated a $70 million receivables securitization program for American Airlines, Inc., headquartered in Fort Worth, Texas. The program focuses on a multi-country, multi-currency portfolio of cargo receivables from certain countries where the airline operates. Finacity provided origination, analytic and structuring support. Finacity serves as the ongoing Administrator for the program.