NetworkNewsBreaks – Accelerated Technologies Hol
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Posted On: 08/29/2018 4:05:44 PM
NetworkNewsBreaks – Accelerated Technologies Holding Corp. (ATHC) Subsidiary Targets the Budding Alternative Finance Market
Accelerated Technologies Holding Corp. (OTC: ATHC) employs its venture capital services model by providing guidance, infrastructural support and investment capital to portfolio companies with disruptive ideas. An article discussing the company reads: “That approach is already underway at its Finbridge subsidiary. The fintech company was set up to provide capital to alternative lenders, with receivables between $2 million and $5 million, operating in the merchant cash advance and other short-term micro loan environments by factoring their receivables. These alternative lenders include independent sales organizations (ISOs) that market debit and credit card processing services to merchants on behalf of credit card member banks. An ISO will provide ongoing customer service to the merchant once the account has been activated and, in many instances, some degree of funding, for which it is compensated. However, as a result of providing credit, its cash resources fall and receivables build up on the balance sheet. Consequently, if origination of merchant accounts is to continue, access to short term funding is vital. The factoring services provided by Finbridge can play a crucial role in ensuring that ISOs have the funds to facilitate new merchants.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Accelerated Technologies Holding Corp. (OTC: ATHC) employs its venture capital services model by providing guidance, infrastructural support and investment capital to portfolio companies with disruptive ideas. An article discussing the company reads: “That approach is already underway at its Finbridge subsidiary. The fintech company was set up to provide capital to alternative lenders, with receivables between $2 million and $5 million, operating in the merchant cash advance and other short-term micro loan environments by factoring their receivables. These alternative lenders include independent sales organizations (ISOs) that market debit and credit card processing services to merchants on behalf of credit card member banks. An ISO will provide ongoing customer service to the merchant once the account has been activated and, in many instances, some degree of funding, for which it is compensated. However, as a result of providing credit, its cash resources fall and receivables build up on the balance sheet. Consequently, if origination of merchant accounts is to continue, access to short term funding is vital. The factoring services provided by Finbridge can play a crucial role in ensuring that ISOs have the funds to facilitate new merchants.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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