Finacity facilitated an €18 million ($19.17 million) non-recourse trade receivable funding program for Deoleo, a Spain-based leading global producer of olive oil.

The program provides financing for both domestic and export receivables from Deoleo’s Spanish operating entity and replaces another facility that expired in December.

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately $100 billion.