December 2019 by Finacity
Paris & Stamford, Conn. – Dec. 10, 2019 – Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 15 million receivables financing facility for Wiko Mobile, a rapidly-growing maker of popular smartphones in Europe. The new facility provides additional financing for the company’s repositioning and development program in Europe.
Finacity provided origination, analytic and structuring support.
The program is funded through Edebex platform, an innovative alternative to financial credit and traditional factoring.
About Wiko Mobile
Wiko, the global mobile brand, was founded in 2011 in Marseille in the South of France. Today it operates in over 30 countries around the world and ranks among the top four smartphone brands in Western Europe. Propelled by its success in the European market, the company has a growing international presence in Asia, Africa, Middle East and in the US. For further information please visit: https://fr.wikomobile.com
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction please contact:
Tel: +33-(0)9-541-22-555, +1-(203) 428-3536