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LSQ Provides $65MM Working Capital Facility, Implements AR Management Program for Continuum Global Solutions

April 29, 2022, 07:10 AM
Filed Under: Specialty Industries
Related: LSQ Funding

LSQ funded a $65 million working capital facility for Continuum Global Solutions, a provider of omnichannel contact center services worldwide via voice and non-voice channels such as chat, email, and social media.

Continuum will use LSQ’s invoice finance facility to replace an existing line of credit. LSQ will also be providing the company with comprehensive accounts receivable management solutions, including customer credit, risk management, and collections through the LSQ FastTrack® platform.

“This new facility with LSQ allows Continuum to continue our growth plans for the foreseeable future,” said Michael Flodin, CEO at Continuum. “The structure of the arrangement also allows us the flexibility needed to achieve these goals”

LSQ worked extensively with strategic partner Skyview Capital to complete the financing for its portfolio company Continuum, according to Miguel Serricchio, LSQ Executive VP of Channel Management and Strategy.

“The company is looking forward to this new relationship and appreciative for the creative structure which allows Continuum to stay on its growth trajectory,” said Dean Estrada, Managing Director at Skyview Capital.

“We are extremely appreciative of the opportunity to work with Continuum as they continue to grow their business,” said Serricchio. “Working with partners like Skyview is the lifeblood of all that we do to serve clients, and we are honored that they put their trust in us to help further their business relationships.”

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