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 Increase and Expansion of Accounts Receivable Securitization Program to $2 Billion for Bunge Global SA (NYSE:BG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, today announced that it has facilitated an increase from $1.5 billion to $2 billion of the commitment capacity for the Accounts…
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 275 million
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B.…
Finacity Facilitates US$15 million Securitization for Crediapoyo
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated a US$15 million securitization of a portfolio of consumer loans originated by…
Finacity Facilitates the Renewal of USD 550 Million Global Freight Receivables Securitization for Germany-Headquartered Hapag-Lloyd AG (FWB: HLAG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announces today that it has successfully renewed and extended an existing receivables securitization for another three years with Hapag-Lloyd AG (“Hapag-Lloyd”),…
Finacity Facilitates Revolving $25,000,000 EV Subscription Auto Lease Finance Facility for Autonomy
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has facilitated the successful launch of a new $25,000,000 EV subscription auto lease receivables financing…