Finacity Corporation Successfully Completes SOC 1 Type 2 Certification, Demonstrating Commitment to the Highest Level of Servicing

Stamford, CT – September 27, 2022 – Finacity Corporation is pleased to announce the receipt of its Service Organization Control (SOC) Type 2 certification, which validates Finacity’s high level of internal control and associated operating effectiveness when providing service to its global client base. Finacity CFO, Jeffrey Gulbin, stated, “This certification is a confirmation of our first-rate internal controls over servicing, systems and detailed reporting provided to our international clients and other constituents.” The examination was conducted by a highly accredited global leader in audit and advisory services in accordance with standards established by the AICPA and International Standard on Assurance Engagements (ISAE) 3402, Assurance Reports on Controls at a Service Organization.

About Finacity, a White Oak Company

Finacity, a White Oak Company, specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $150 billion. With resources in the USA, Europe, Latin America, and Asia, Finacity conducts business throughout the world with obligors in 175 countries. Finacity is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing, and recapitalization of small and medium enterprises. (www.Finacity.com)

 

For more information, please contact:

Finacity                                                         

Jeffrey Gulbin

Tel: +1 (203) 428-3532

Email:  jgulbin@wofinacity.com

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Nov 2022

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Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro, S.A.B. de C.V. (“Vitro”) (BMV:VITROA). The transaction allows for up to $175 million in funding of the senior tranche from a U.S. based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated note to achieve off-balance sheet treatment. The transaction includes the trade receivables originated by certain subsidiaries of Vitro in the United States of America, Mexico and Canada.

Press Release

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Finacity, a White Oak Company, and DZ BANK Upsize Receivables Securitization for Nitron Group LLC to USD 165 Million

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