BankUnited will begin funding both drafts and accounts receivables programs on PrimeRevenue’s supply chain finance network.
“This is a major milestone in the sub-investment-grade funder space,” said Dominic Capolongo, PrimeRevenue’s EVP, Global Head of Funding. “We are very excited to welcome BankUnited to our multi-funder family, which further positions us to offer additional funding opportunities for non-rated and sub-investment-grade companies.”
This new alliance is one of several in 2018 as PrimeRevenue continues to grow and diversify its pool of funding sources. With plans to continue adding new regional and community banks to the platform, PrimeRevenue will have more than 70 funders available to fund supply chain finance programs in 2019.