PrimeRevenue is reaching out to banks and other financial institutions with the launch of what it says is a “comprehensive reseller program designed to enable global financial institutions to better compete for supply chain finance opportunities.”
“A financial institution will invest millions of dollars and years of time to build and maintain their own working capital technology solutions,” said PJ Bain, CEO of PrimeRevenue. “We are offering these institutions a more cost-effective, scalable approach by opening access to a complete set of technology-enabled solutions for the banking industry.”
PrimeRevenue had previously offered FIs the option to expand their portfolios by funding programs originated through or alongside PrimeRevenue’s proprietary origination channel. the reseller programme allows them to independently manage the sales and operations process by licensing PrimeRevenue’s working capital solutions, including training, analytics and operational support.
“As a former banker, I know first-hand the internal struggles FIs experience to build, maintain and advance cutting-edge technology solutions,” added PrimeRevenue’s Executive Vice President, Global Head of Funding Dominic Capolongo. “PrimeRevenue’s comprehensive reseller program allows FIs to instantly access our suite of cloud-enabled technology and best practices designed to accelerate client service capabilities.”