Finacity Corporation

Description

Finacity specializes in purchasing and servicing trade accounts receivable for middle market and larger companies. Finacity optimizes the working capital of its clients by offering competitive funding, state-of-the-art credit management, risk mitigation services, and distressed receivables sale opportunities. Finacity is a cooperative venture created three years ago by four leading providers of commercial lending, credit insurance and receivables trading services: ABN AMRO, Bank of America, Euler Hermes ACI and Amroc Investments. Finacity is supported by these four strategic partners in collaboration with Kleiner Perkins Caufield & Byers, Bain & Company and Texas Pacific Group.

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