Increasing demand for non-bank financial services necessitates new working capital
Lima, Peru - August 26, 2022
An expansion into Peru by Excend's multinational financial services client in recent years has benefited from ongoing increases in demand for factoring solutions by small to medium-size businesses throughout the country. The company requires a minimum of $30MM to provide working capital to accommodate new client requirements through the current fiscal year.
The lack of responsiveness, flexibility, and available capital within the traditional banking industry in Peru continues to foment demand for alternative financial services.
Excend provides investment banking services to middle market organizations.