MP Star Financial Joins Receivables Exchange

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivables, announced that MP Star Financial, Inc. has secured a Tier One Seat on the Exchange. The Receivables Exchange is a smart, easy and efficient way for companies to gain quick access to working capital. The Exchange is currently offering a limited number of Tier One memberships to qualified capital providers that are looking to grow their portfolios while diversifying risk.

With more than $25 trillion in accounts receivable annual turnover available for sale in the United States but less than one percent of that volume currently being tapped, institutional investors have taken notice of the enormous new investment opportunity available to them through The Receivables Exchange’s online trading platform.

“MP Star Financial has a reputation of understanding the needs of small and medium sized businesses and working closely with them to meet their cash flow needs, making them a perfect fit as a high quality capital provider to join the Exchange,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “We are thrilled to have them join our growing list of prestigious capital providers as we continue on our path of strategic and accelerated growth.”

The Receivables Exchange’s proprietary online electronic marketplace will bring together a global network of accredited capital providers with millions of growth-oriented small and medium sized businesses in search of capital. In today’s volatile credit markets, accounts receivable financing is a great tool for small and medium sized businesses to gain quick access to alternative and flexible working capital solutions that can help them grow their businesses.  As a result of The Receivables Exchange’s national campaign to expand the industry, capital providers looking for opportunities to invest in a better class of company will have immediate access to new customers and national distribution.

"The Receivables Exchange represents a tremendous opportunity to expand the asset based financing industry,” said Gage Price, president of MP Star Financial.  “We look forward to being a part of this growth by partnering with them to extend our reach and gain access to high quality companies that we would have never been exposed to otherwise.”

The Receivables Exchange also announced this week it has expanded its offices to New York City to support demand by institutional investors ("Business Account Receivables to Trade on New Exchange," April 11). The Receivables Exchange is transforming and expanding the accounts receivable financing industry as the smart, easy and efficient way for small and medium sized businesses to gain quick access to working capital.

About The Receivables Exchange
The Receivables Exchange is the world’s first online marketplace for trading accounts receivables. The Receivables Exchange provides a new dimension in working capital management by connecting companies to a global network of capital providers who compete in real time to buy and trade receivables. Exchange participants benefit from immediate and flexible access to working capital finance at the nation’s most competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. For more information, visit www.receivablesXchange.com.