Last week, The Receivables Exchange announced a strategic alliance with Insperity Investment, a human resources and business performance solutions company.
“This venture will enable The Receivables Exchange’s working capital solution to be offered to small and medium-sized U.S. businesses, including more than 100,000 businesses supported by Insperity.”
In addition, Insperity invested capital in The Receivables Exchange. The amount of capital and terms of the agreement were not disclosed.
To learn more about the Receivables Exchange, watch its FinovateFall 2010 demo.