Press Releases

Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries

Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries

Press Releases

Take a look at our Press Releases to learn more about what Finacity has accomplished over the years.

Press Release
Oct 2021

Finacity, a White Oak Company, and Bayerische Landesbank Arrange a 2-Year EUR 81.5 Million Receivables Securitization

Finacity Corporation, a White Oak Company, (“Finacity”) and Bayerische Landesbank (“BayernLB”) announce that they have successfully launched a trade receivables securitization for a European manufacturer of flexible polyurethane foam products. The 2-year facility is collateralized by receivables originated by sellers in the UK, Netherlands, Germany, France, Poland, Romania, Hungary, and Lithuania. The program consists of sixteen distinct sellers, invoices in five different currencies with funding in three of those currencies.

Press Release
Oct 2021

Finacity, a White Oak Company, and DZ BANK Facilitate a 2.5-Year USD $150 Million Receivables Securitization for Nitron Group LLC

Finacity Corporation, a White Oak Company, (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch (“DZ BANK”) announce that they have successfully launched a trade receivables securitization for Nitron Group LLC (“Nitron”), a company headquartered in Greenwich, CT. The 2.5-year facility is collateralized by Nitron’s receivables for fertilizer distribution and importation services in Latin America, North America, Europe, and Africa.

Press Release
Oct 2021

Finacity, a White Oak Company, Facilitates Consumer Loan Funding Program for Express Credit Group’s African Lending Operations

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.

Press Release
Oct 2021

Finacity, a White Oak Company, Increases an IFRS Off-Balance Sheet Securitization by 50% to US$ 225 million for a Canadian Company, a Joint Venture that includes a Brazilian Conglomerate

Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully renewed and increased by 50% an IFRS off-balance sheet trade receivables securitization for a Canadian company and its subsidiaries, a joint venture that includes a Brazilian conglomerate. The transaction allows for up to $225 million in funding of the senior tranche, as well as a $4 million investment from Finacity Asset Management in the intermediate subordinated note.