Daily News: February 25, 2015

PrimeRevenue Appoints Receivables Finance VP

PrimeRevenue announced that Oliver Belin was appointed vice president, Receivables Finance. The appointment follows a year of very strong growth for PrimeRevenue’s trade receivable finance product, SCiCustomer. Belin will globally lead all commercial activities related to PrimeRevenue’s accounts receivable solution including sales, marketing and business development.

“I am very excited about this opportunity and thrilled with the momentum we saw last year. I look to continue this rapid growth going forward with our unique positioning. Today, we have more than 17,000 suppliers using the largest multibank supply chain finance in the world. These suppliers are selling their receivables for early payment from their customers every day. With our accounts receivable finance product, SCiCustomer, suppliers are able not only to improve their working capital with one of their clients but across multiple customers as well. This, together with our 50+ financial institutions provides us a unique opportunity for SCiCustomer,” Belin said.

Belin moves into this new role after working at PrimeRevenue for three years. Prior to PrimeRevenue, Belin spent several years setting up and managing several supply chain finance programs for multinational clients in Europe and emerging markets with leading institutions including GSCF and Sumitomo Mitsui Banking Corporation Europe. In 2008, Belin founded Swiss Commercial Capital, a company specialized in trade finance solutions targeting large, cross-border trade flows for leading, multinational organizations, which was recently acquired by Macquarie Distribution Finance.

“We have great opportunities ahead with our accounts receivable solution and it is a key strategic goal for 2015 to further expand our global footprint for this unique product in the market,” said PJ Bain, CEO. “Given his success in his previous roles at PrimeRevenue, I am confident that Oliver Belin is the perfect choice to lead the charge.”