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LiquidX Completes First Securitization Facility

January 21, 2022, 07:00 AM
Filed Under: Industry News

LiquidX, the global 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 $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.

“LiquidX’s team and technology delivered exactly what we were looking for in this transaction,” said Ed Weber, Managing Director and Head of Asset Backed Finance at NORD/LB. “We were very impressed with their speed, flexibility, and ability to deliver the robust reporting required for this facility.”

“We are pleased to facilitate this transaction, which improves our client’s liquidity position and advances our vision of building the most complete digital solution for trade financing,” said Jim Toffey, CEO of LiquidX. “No other fintech can handle diverse and complex structures for A/R finance, inventory finance, supply chain finance, and other trade finance transactions in one solution that includes advanced digitization, automation, and reporting functionality.”  

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.

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