Finacity Facilitates up to EUR 15 Million Receivables Financing Program for Wiko Mobile in France
Dec, 2019 by FinacityParis & 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
About Finacity
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 $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction please contact:
Finacity
Joao Valente
Tel: +33-(0)9-541-22-555, +1-(203) 428-3536
Email: jvalente@finacity.com
Finacity Facilitates MXN 300 Million Loan Sale for Crediapoyo
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated the sale of a MXN$ 300 million portfolio of consumer loans originated…
Finacity Facilitates MXN 350 million Securitization for Grupo Pochteca, S.A.B. de C.V.
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announced that it has successfully launched a trade receivables securitization for Grupo Pochteca, S.A.B. de C.V. (“Pochteca”). The transaction amount is…
Finacity and Santander CIB Facilitate a 3-Year EUR 81.5 Million Receivables Securitization for The Vita Group
Finacity Corporation (“Finacity”) a White Oak Global Advisors company, and Santander CIB announce a successfully launched trade receivables securitization renewal for The Vita Group (“Vita”), a United Kingdom headquartered leading…
Finacity Facilitates a US$ 30 Million Payables Finance Facility for ARZYZ Metals
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced today that it has successfully facilitated a new payables finance facility for use by ARZYZ USA, Inc., a U.S. subsidiary…
Finacity Announces Receipt of The CT District Export Council Award
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, today announced that it was honored to receive the 2024 Connecticut District Export Council (“DEC”) Award at the Connecticut Manufacturing Summit…