Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries
Take a look at our Press Releases to learn more about what Finacity has accomplished over the years.
The President's "E" Award was created by Executive Order of the President to recognize the persons, firms or organizations which contribute significantly in the effort to increase U.S. exports.
Today, the U.S. Department of Commerce awarded Finacity Corporation, a White Oak Company, (“Finacity”) the 2021 President’s “E” Star Award for Export Service at a ceremony in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
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.
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.
Finacity Corporation, a White Oak Company, (“Finacity”) announces that it has successfully launched a trade receivables securitization for a United States headquartered leading technology support company supporting enterprise and consumer products as well as managing IT infrastructure.
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.
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.
White Oak Global Advisors (“White Oak”) has completed the acquisition of Finacity Corporation (“Finacity”) a global leader in working capital and trade finance funding solutions to global businesses.
Finacity Corporation (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank (“DZ BANK”) announce that they have successfully launched a trade receivables securitization for Audacy, Inc. (“Audacy”), a New York Stock Exchange listed company headquartered in Philadelphia, PA.
Finacity Corporation (“Finacity”) successfully assisted in the expansion of CEMEX, S.A.B. de C.V.’s (“CEMEX”) existing MXN 1.8 billion receivables securitization program in Mexico by facilitating the addition of new originators / sellers to the program, and extending the program for 1.5 more years.