News

LiquidX expands its technology offering

Monday 24 January 2022 12:35 CET | News

LiquidX, a technology solutions provider for working capital, trade finance, and trade credit insurance, has expanded its technology offering to include reporting capabilities for securitization facilities.

LiquidX sourced and facilitated a USD 125 million accounts receivable (A/R) finance program for a USD USD 20 billion company in the Technology Media and Telecom (TMT) sector. The structure achieved true sale recognition through the securitization of the company’s portfolio of 3,000+ customers. NORD/LB acted as the agent and arranger, and LiquidX served as reporting agent.

The automated reporting infrastructure on the LiquidX platform lowers the cost of administratively complex and expensive transactions for both corporations and financial institutions. The LiquidX platform ingests files in any format and uses machine learning and distributed ledger technology to automate and validate working capital assets throughout their lifecycle. All participants are connected in one digital environment, allowing for transparent visibility, faster transaction processing, and comprehensive data gathering.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: transactions , accounts receivable, financial institutions
Categories: DeFi & Crypto & Web3
Companies: LiquidX
Countries: World
This article is part of category

DeFi & Crypto & Web3

LiquidX

|
Discover all the Company news on LiquidX and other articles related to LiquidX in The Paypers News, Reports, and insights on the payments and fintech industry: