NEW YORK, DECEMBER 10, 2019 – Newbridge Global Sourcing (“Newbridge”), a leading capital provider to small and medium sized businesses with supply chain and purchase order financing needs, announced a $50 million partnership with a Canadian-based originator of receivables. The technology-enabled specialty lender provides receivables financing to companies with strong end-debtors. The partnership expands Newbridge’s scale and diversifies its customer base and sector exposure.
This partnership enables the originator to penetrate new markets and provide Canadian businesses with the financing needed to manage their working capital and supply chains more effectively. “The management team founded an exceptional business that continues to drive organic customer growth and strategic joint venture activity,” said Jeremy Falk, President of Newbridge. “Our partnership with a key player in the Canadian receivables market supports Newbridge’s long-term expansion.”