PrimeRevenue

PrimeRevenue

  • FOUNDING YEAR: 2003
    LOCATION:
    United States
    REGION:
    GA
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Robert Barnes
NUMBER OF EMPLOYEES:
51-200

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

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$34 Millions
TOTAL FUNDING COMMENT:
Private equity: $80 M, Venture: $1.64 M
FUNDING SERIES:
SERIES A
$12 Million Closed:
SERIES B
$22 Millions Closed:
LISTED:
NO

MOST VIEWED RESEARCH


RECENT RESEARCH