ATLANTA, Nov. 8, 2018 /PRNewswire/ -- PrimeRevenue,
Inc., the leading provider of working capital financial technology
solutions, announces a new alliance with BankUnited, NA.
"This is a major milestone in the sub-investment-grade funder
space," said Dominic Capolongo,
PrimeRevenue's EVP, Global Head of Funding. "We are very excited to
welcome BankUnited to our multi-funder family, which further
positions us to offer additional funding opportunities for
non-rated and sub-investment-grade companies."
BankUnited will begin funding both drafts and accounts
receivables programs on PrimeRevenue's supply chain finance network
in the mid-market buyers' supply chain finance solution.
The addition of BankUnited to PrimeRevenue's ecosystem of
funding partners will generate significant growth and expansion
opportunities for mid-market, non-rated and sub-investment-grade
buyers and suppliers with programs on PrimeRevenue's network.
"We are extremely excited about our new relationship with
PrimeRevenue, both to add to our own asset portfolio as well as to
enable growing companies to optimize their working capital to
invest in their future," said Thomas M.
Cornish, Chief Operating Officer of BankUnited.
This new alliance is one of several in 2018 as PrimeRevenue
continues to grow and diversify its pool of funding sources. With
plans to continue adding new regional and community banks to the
platform, PrimeRevenue will have more than 70 funders available to
fund supply chain finance programs in 2019.
About BankUnited, N.A.
BankUnited, N.A. is a national bank and wholly-owned subsidiary
of BankUnited, Inc. (NYSE: BKU) and is headquartered in
Miami Lakes, Florida. As of
June 30, 2018, BankUnited N.A. has
$31.3 billion in total assets, 87
branches in 15 Florida counties
and five banking centers in the New
York metropolitan area. One of the largest independent
depository institutions headquartered in Florida by assets, BankUnited provides a wide
range of commercial and consumer banking services. For additional
information, call (877) 779-2265 or visit www.BankUnited.com.
BankUnited can be found on Facebook at
facebook.com/BankUnited.official and on Twitter
@BankUnited.
About PrimeRevenue
PrimeRevenue's supply chain finance (reverse factoring)
solutions help organizations in 70+ countries optimize their
working capital to efficiently fund strategic initiatives, gain a
competitive advantage and strengthen relationships throughout the
supply chain. As the leading provider of working capital financial
technology solutions, PrimeRevenue's diverse multi-funder platform
processes more than $200 billion USD
in payment transactions per year. The company is headquartered in
Atlanta, with offices in
London, Prague, Frankfurt, Hong
Kong and Melbourne.
Additional information about PrimeRevenue can be found at
www.primerevenue.com | Twitter: @primerevenue | LinkedIn:
www.linkedin.com/company/primerevenue.
Media Contact:
Ariane Wolff
Warner Communications
ariane@warnerpr.com
978.243.0459 (U.S.)
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SOURCE PrimeRevenue, Inc.