Having been on that side of the fence, it was clear to me that factoring services would serve companies in that stage. It works so adequately.
New York (PRWEB) April 25, 2006
Platinum Funding Group announced today that the company is extending its business focus by aggressively developing its relationship with the venture capital community. With factoring products tailored to the needs of start-ups, Platinum Funding Group supports the growth of early stage companies in non traditional ways.
Einat Steklov, Platinum Funding Group’s Senior Vice President in charge of special funding solutions is leading the development of this new business strategy. Steklov, herself an attorney with a strong business experience, comes from the venture capital world. “For revenue generating start-ups that prefer bridge funding over equity investment, there is a vacuum in the financial markets.” Steklov said, adding “Having been on that side of the fence, it was clear to me that factoring services would serve companies in that stage. It works so adequately.”
Platinum Funding Group is offering factoring services to start-up companies with revenue, providing funds and bypassing the dilemma of equity dilution while maintaining a healthy balance sheet and keeping the door open for further finance.
Platinum is seen by its venture capital partners as a great asset. “Since financing packages are often equity plus debt, you’d be amazed at what Platinum can do with what are considered un-bankable transactions. It provides hard-to-find synergies between venture capital, investment banking and factoring,” said Jonathan Gubin, President of Capital InVentures, a New York based investment banking firm.
In the start-up world, traditionally not supported by factoring, Platinum Funding Group is bringing a new concept of funding. Under the direction of Einat Steklov, Platinum Funding Group nurtures growth of start-up companies.
About Platinum Funding Group.
Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management.
Established in 1992, Platinum Funding Group has been consistently supporting companies with annual sales revenue between $1 millions and $100 millions.
Platinum Funding Group possesses the financial resources to serve the needs of clients across more than 30 industries. Platinum Funding Group holds a leading position in factoring services, issuing same day advances on accounts receivable to start-ups, fast growing firms, and companies in Chapter 11.
Platinum Funding Group is headquartered in New York City, and has a network of regional offices throughout the US.
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