Platinum Funding Group Shakes the Software Market via a $13M Factoring Facility with Prismtech

A Multinational Client Finds a Powerful Partner for Growth

Platinum Funding Group continues its course as a powerhouse of the accounts receivable factoring by offering outstanding alternative cash flow funding solutions to burgeoning high-tech and IT industries. As activity in these sectors continues to grow, Platinum Funding Group is proud to announce its ongoing presence in the software market via a $13 million cross-Atlantic funding agreement with PrismTech Corporation (“PrismTech”). Platinum provided a $9 million factoring facility for PrismTech’s US operations located in Burlington, Massachusetts, US and $4 million for the Gateshead, UK branch. The UK portion of the financing is provided though Platinum Funding UK Limited, Platinum Funding Group’s UK operation. This double-decker factoring financing deal shows Platinum’s versatility in providing financial solutions internationally. Read More...