PrimeRevenue

b2b fintech

FOUNDING YEAR: 2003
LOCATION: United States
Last Update: 01/05/2020

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About

PrimeRevenue offers upply chain finance solutions, managing and optimizing cash flow for more than 20,000 customers in over 70 countries. The comprehensive solutions offered by its OpenSCi product suite allow its clients to involve their strategic trading partners to create tangible value for the entire value chain.

Focus

PRODUCTS & SERVICES

PrimeRevenue's cloud-based OpenSCi product suite provides the technology needed to implement a supply chain finance program. OpenSCi suite consists of: SCiMap (prioritization of suppliers, procurement with customized negotiation support, information needed to bring all parties on board), SCiEnable (collaborative capabilities for buyers, suppliers and funders to come together for education and onboarding), SCiSupplier (protects suppliers, buyers and funders by providing complete transparency into their program; suppliers accelerate accounts receivable payments, while funders choose which accounts receivables to finance), and SCiCustomer (suppliers can proactively unlock cash without any involvement from their customers).

REVENUE MODEL

SaaS

MAIN CLIENTS

Michelin

EXISTING PARTNERSHIPS

AIG

SAP Ariba

Barclays

PRIMARY PROBLEM SOLVED

Working capital improvement solution for all stakeholders (suppliers, buyers, and funders) in a comprehensive suite. No matter on which side of the supply chain the user is, the solution addresses hallmark issues to improve financial health of every party.

Traction

TRANSACTIONS COMMENT:

Each year, PrimeRevenue processes more than $100 billion in supplier transactions through its cloud-enabled platform. In December 2016, an average of more than $150 million in early payments were processed through the platform per day.

ACTIVE USERS:

0.02 Million in 2017

People

FOUNDERS

Robert Barnes

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

YES

TOTAL FUNDING

$34 M

TOTAL FUNDING COMMENT

Private equity: $80 M, Venture: $1.64 M

FUNDING SERIES

SERIES A  · $12 M  · ---

SERIES B  · $22 M  · ---

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2003

LOCATION:

United States

Views:

157 VISITORS | 243 VIEWS
LATEST FUNDING ROUND

$34 M

TOTAL EMPLOYEES
51-200

About

PrimeRevenue offers upply chain finance solutions, managing and optimizing cash flow for more than 20,000 customers in over 70 countries. The comprehensive solutions offered by its OpenSCi product suite allow its clients to involve their strategic trading partners to create tangible value for the entire value chain.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
Traction+
People+
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Innovation Programs

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