N.O. Exchange to Launch Online Receivables Exchange

Summary


The nation's first online exchange for buying and selling commercial receivables will be based in New Orleans.

Fidelity Ventures has invested an undisclosed amount with The New Orleans Exchange to launch www.ReceiveablesXchange.com. Company officials said the goal of the site is to provide a centralized online marketplace for quick and efficient access to working capital for small and middle market companies.

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Extract


N.O. Exchange to Launch Online Receivables Exchange

Nic Perkin, co-founder and president of The New Orle...

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