Call centre provider Continuum Global Solutions has turned to LSQ for a $65 million invoice finance facility to replace an existing line of credit.
LSQ will also be providing the company with 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 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.
CRX Markets has partnered with EcoVadis to integrate its sustainability ratings into its platform. The deal will allow funders to assess corporate sustainability in based on Ecovadis data and and offer appropriate financing rates.
CRX Markets launched what was claimed as the first Sustainable Supply Chain Finance (SSCF) transaction in the DACH region with its client, Nestlé, in April 2020. Since then it claims to have arranged close to half a billion dollars in financing through the programme.
Frank Lutz, CEO of CRX Markets, said the firm sees, 'A high demand from companies to map ESG criteria also in working capital finance. This is not just a trend but will become an integral part of any corporate financing.'
At EcoVadis, communications and marketing director David McClintock added, 'By combining our Sustainability Ratings with CRX Markets Platform, together we can deliver the integration and automation required to bring powerful financial incentives for companies to improve their sustainability performance, and drive positive impact at global scale.'