PrimeRevenue, ApexPeak Forge Partnership in Trade Finance
PrimeRevenue said it signed a strategic partnership with specialized financier ApexPeak based in Singapore. The partnership delivers new innovative funding sources to companies seeking to improve their working capital. The partnership also marks an expansion of PrimeRevenue’s presence in the Asia-Pacific region to serve the growing demand for its products and services.
The benefits of supply chain finance solutions as an important source of liquidity are increasingly recognized as companies across the globe experience an ongoing reduction in capital availability and pressure to improve cash flow. While many banks have tightened their lending criteria, there are investors, such as ApexPeak, who seek to invest in working capital finance solutions. Having successfully made the leap from niche to mainstream, such solutions are growing rapidly and open new funding opportunities for investors above and beyond mainstream banks and commercial finance firms.
“Our partnership with PrimeRevenue represents a new chapter in broadening the range of funding opportunities for our investors and provides access to a truly innovative solution,” said Gakim Solomons, CEO of ApexPeak.
Solomons added, “We chose to partner with PrimeRevenue because they offer the largest platform of available trade assets to fund. In addition, their services, operations and support makes it is easy to join and participate in new and existing financing programs.”