Financial Group

Financial Services

This Florida based company provides prepaid card programs for large financial institutions around the world

Deal Summary

Product
Factoring Line
Funding Line Amount
$400,000
Company Type
Technology
Industry Type
Financial Services
Location
US
This Florida based company provides prepaid card programs for large financial institutions around the world. It processes over 6 million transactions per month.

Challenge

The company is on an accelerated growth path which requires increasing amounts of working capital.

Solution

The company’s major customers have excellent payment histories and very low dilution. ExpoCredit was able to approve a factoring line for the company, which will help it continue to grow without financial constraints.
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