PrimeRevenue Reports Record Growth in 2016
PrimeRevenue’s 20,000 customers in over 70 countries processed over $100 billion in supply chain financing transactions using the company’s innovative platform.
Beyond the additional 3,500 new clients, who acknowledge and appreciate the value of early payments secured via PrimeRevenue’s multi-funding—non-specified bank lenders—were added to PrimeRevenue’s already illustrious platform.
“As the largest fintech company dedicated exclusively to supply chain finance, this growth is linked to increased demand and appreciation for new working capital strategies,” says PJ Bain, CEO of PrimeRevenue. “Large and mid-sized companies are recognizing that a supply chain finance initiative can be beneficial both to their own businesses as well as their suppliers, and that their own success hinges heavily on those suppliers.”
Some of the most notable growth sectors involve retail, food, and beverage, energy and consumer products, although PrimeRevenue’s Supply Chain platform is being utilized across many industries.
“The exponential growth we realized in 2016 is a testament to our team,” says Bain. “Our clients appreciate our unmatched experience and longevity in the supply chain finance market, especially when compared with the growing number of SCF industry entrants emerging to try and seize marketplace opportunities.”
“I’d be remiss not to mention that at PrimeRevenue, we are very grateful for our clients,” concludes Bain. “Successful supply chain financing requires true multi-disciplinary teamwork and our clients work with us seamlessly and wholeheartedly to deploy programs throughout their organizations, while successfully on-boarding their suppliers.”